The stock of Fulton Financial Corporation (FULT) has gone down by -7.89% for the week, with a -13.00% drop in the past month and a -12.44% drop in the past quarter. The volatility ratio for the week is 6.64%, and the volatility levels for the past 30 days are 2.84% for FULT. The simple moving average for the last 20 days is -10.62% for FULT stock, with a simple moving average of -8.93% for the last 200 days.
Is It Worth Investing in Fulton Financial Corporation (NASDAQ: FULT) Right Now?
Fulton Financial Corporation (NASDAQ: FULT) has a higher price-to-earnings ratio of 9.01x compared to its average ratio,, and the 36-month beta value for FULT is at 0.82. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for FULT is $17.71, which is $2.65 above the current market price. The public float for FULT is 165.99M, and currently, shorts hold a 2.87% of that float. The average trading volume for FULT on March 15, 2023 was 1.02M shares.
FULT) stock’s latest price update
Fulton Financial Corporation (NASDAQ: FULT)’s stock price has increased by 0.87 compared to its previous closing price of 14.93. However, the company has seen a fall of -7.89% in its stock price over the last five trading days.
Analysts’ Opinion of FULT
The stock of Fulton Financial Corporation (FULT) has gone down by -7.89% for the week, with a -13.00% drop in the past month and a -12.44% drop in the past quarter. The volatility ratio for the week is 6.64%, and the volatility levels for the past 30 days are 2.84% for FULT. The simple moving average for the last 20 days is -10.62% for FULT stock, with a simple moving average of -8.93% for the last 200 days.
Analysts’ Opinion of FULT
Many brokerage firms have already submitted their reports for FULT stocks, with Janney repeating the rating for FULT by listing it as a “Neutral.” The predicted price for FULT in the upcoming period, according to Janney is $19.50 based on the research report published on January 10th of the current year 2023.
Stephens, on the other hand, stated in their research note that they expect to see FULT reach a price target of $20.50. The rating they have provided for FULT stocks is “Overweight” according to the report published on April 21st, 2022.
FULT Trading at -9.93% from the 50-Day Moving Average
After a stumble in the market that brought FULT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -20.10% of loss for the given period.
Volatility was left at 2.84%, however, over the last 30 days, the volatility rate increased by 6.64%, as shares sank -13.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.78% lower at present.
During the last 5 trading sessions, FULT fell by -7.89%, which changed the moving average for the period of 200-days by -3.21% in comparison to the 20-day moving average, which settled at $16.73. In addition, Fulton Financial Corporation saw -10.52% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FULT starting from Martin George K, who purchase 2,910 shares at the price of $17.16 back on Feb 07. After this action, Martin George K now owns 8,870 shares of Fulton Financial Corporation, valued at $49,921 using the latest closing price.
HODGES GEORGE W, the Director of Fulton Financial Corporation, sale 6,799 shares at $16.57 during a trade that took place back on Jan 31, which means that HODGES GEORGE W is holding 14,393 shares at $112,653 based on the most recent closing price.
Stock Fundamentals for FULT
Current profitability levels for the company are sitting at:
- +32.63 for the present operating margin
The net margin for Fulton Financial Corporation stands at +26.20. Equity return is now at value 11.90, with 1.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Fulton Financial Corporation (FULT) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
