FirstEnergy Corp. (NYSE: FE) has a price-to-earnings ratio that is above its average at 56.63x. and a 36-month beta value of 0.43. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 0 as “sell.”
The average price predicted for FirstEnergy Corp. (FE) by analysts is $44.07, which is $4.73 above the current market price. The public float for FE is 571.68M, and at present, short sellers hold a 1.69% of that float. On March 17, 2023, the average trading volume of FE was 3.61M shares.
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FE) stock’s latest price update
FirstEnergy Corp. (NYSE: FE)’s stock price has decreased by -1.42 compared to its previous closing price of 40.15. Despite this, the company has experienced a 3.91% gain in its stock price over the last five trading sessions. Barron’s reported on 02/24/23 that FirstEnergy Should Thrive as America Goes Electric
FE’s Market Performance
FE’s stock has risen by 3.91% in the past week, with a monthly drop of -2.89% and a quarterly drop of -6.52%. The volatility ratio for the week is 3.15% while the volatility levels for the last 30 days are 2.23% for FirstEnergy Corp. The simple moving average for the last 20 days is -0.08% for FE stock, with a simple moving average of -0.14% for the last 200 days.
Analysts’ Opinion of FE
Many brokerage firms have already submitted their reports for FE stocks, with Guggenheim repeating the rating for FE by listing it as a “Buy.” The predicted price for FE in the upcoming period, according to Guggenheim is $46 based on the research report published on January 23rd of the current year 2023.
BofA Securities, on the other hand, stated in their research note that they expect to see FE reach a price target of $38, previously predicting the price at $41. The rating they have provided for FE stocks is “Underperform” according to the report published on January 23rd, 2023.
BofA Securities gave a rating of “Neutral” to FE, setting the target price at $44 in the report published on May 16th of the previous year.
FE Trading at -2.56% from the 50-Day Moving Average
After a stumble in the market that brought FE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.98% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 3.15%, as shares sank -2.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.52% lower at present.
During the last 5 trading sessions, FE rose by +3.91%, which changed the moving average for the period of 200-days by -7.87% in comparison to the 20-day moving average, which settled at $39.56. In addition, FirstEnergy Corp. saw -5.63% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FE
Current profitability levels for the company are sitting at:
- +15.33 for the present operating margin
- +24.39 for the gross margin
The net margin for FirstEnergy Corp. stands at +3.26. Equity return is now at value 4.00, with 0.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
Conclusion
To sum up, FirstEnergy Corp. (FE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
