Firstenergy Corp. [NYSE: FE] traded at a low on Wednesday, posting a -1.03 loss after which it closed the day’ session at $44.05.
The results of the trading session contributed to over 3773886 shares changing hands. Over the past one week, the price volatility of Firstenergy Corp. stands at 0.99% while the volatility over the past one month is 1.24%.
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The market cap for FE stock reached $25.37 billion, with 575.92 million shares outstanding and 575.08 million shares in the current float. Compared to the average trading volume of 2.76M shares, FE reached a trading volume of 3773886 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Firstenergy Corp. [FE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FE shares is $45.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FE stock is a recommendation set at 1.94. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Argus have made an estimate for Firstenergy Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 20, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Buy. The new note on the price target was released on April 10, 2024, representing the official price target for Firstenergy Corp. stock. Previously, the target price had yet another raise to $37, while Barclays analysts kept a Equal Weight rating on FE stock. On August 07, 2023, analysts decreased their price target for FE shares from 45 to 40.
The Average True Range (ATR) for Firstenergy Corp. is set at 0.55, with the Price to Sales ratio for FE stock in the period of the last 12 months amounting to 1.92. The Price to Book ratio for the last quarter was 2.03, with the Price to Cash per share for the same quarter was set at 0.18.
How has FE stock performed recently?
Firstenergy Corp. [FE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.59. With this latest performance, FE shares dropped by -0.59% in over the last four-week period, additionally plugging by 15.50% over the last 6 months – not to mention a rise of 35.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FE stock in for the last two-week period is set at 54.61, with the RSI for the last a single of trading hit 52.14, and the three-weeks RSI is set at 56.96 for Firstenergy Corp. [FE]. The present Moving Average for the last 50 days of trading for this stock 43.14, while it was recorded at 44.11 for the last single week of trading, and 39.36 for the last 200 days.
Firstenergy Corp. [FE]: Deeper insight into the fundamentals
Firstenergy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.43 and a Current Ratio set at 0.51.
Earnings analysis for Firstenergy Corp. [FE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Firstenergy Corp. go to 6.30%.
Insider trade positions for Firstenergy Corp. [FE]
There are presently around $90.99%, or 91.11%% of FE stock, in the hands of institutional investors. The top three institutional holders of FE stocks are: CAPITAL WORLD INVESTORS with ownership of 78.04 million shares, which is approximately 13.5958%. VANGUARD GROUP INC, holding 64.88 million shares of the stock with an approximate value of $$2.48 billion in FE stocks shares; and VANGUARD GROUP INC, currently with $$1.65 billion in FE stock with ownership which is approximately 7.4949%.
