Fortis Inc. (NYSE: FTS)’s stock price has soared by 1.87 in relation to previous closing price of 40.73. Nevertheless, the company has seen a gain of 6.41% in its stock price over the last five trading days. InvestorPlace reported 2023-09-05 that Following July’s market peak, stocks face significant pressure with 10-year Treasury yields at levels unseen since the financial crisis. Consequently, investors have a higher-yield, lower-risk alternative than dividends.
Is It Worth Investing in Fortis Inc. (NYSE: FTS) Right Now?
Fortis Inc. (NYSE: FTS) has a price-to-earnings ratio of 14.03x that is above its average ratio. Additionally, the 36-month beta value for FTS is 0.45. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 8 rating it as “hold,” and 2 rating it as “sell.”
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The average price predicted by analysts for FTS is $42.96, which is $1.05 above the current price. The public float for FTS is 486.01M and currently, short sellers hold a 2.53% ratio of that float. The average trading volume of FTS on September 15, 2023 was 577.60K shares.
FTS’s Market Performance
FTS’s stock has seen a 6.41% increase for the week, with a 4.56% rise in the past month and a -2.03% fall in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.35% for Fortis Inc. The simple moving average for the past 20 days is 5.16% for FTS’s stock, with a -0.46% simple moving average for the past 200 days.
FTS Trading at 1.29% from the 50-Day Moving Average
After a stumble in the market that brought FTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.35% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +4.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.56% lower at present.
During the last 5 trading sessions, FTS rose by +6.41%, which changed the moving average for the period of 200-days by +2.62% in comparison to the 20-day moving average, which settled at $39.54. In addition, Fortis Inc. saw 3.62% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for FTS
Current profitability levels for the company are sitting at:
- +24.81 for the present operating margin
- +24.81 for the gross margin
The net margin for Fortis Inc. stands at +12.62. The total capital return value is set at 5.55, while invested capital returns managed to touch 3.07. Equity return is now at value 7.30, with 2.20 for asset returns.
Based on Fortis Inc. (FTS), the company’s capital structure generated 138.12 points at debt to equity in total, while total debt to capital is 58.00. Total debt to assets is 44.09, with long-term debt to equity ratio resting at 135.52. Finally, the long-term debt to capital ratio is 52.52.
When we switch over and look at the enterprise to sales, we see a ratio of 4.79, with the company’s debt to enterprise value settled at 0.50. The receivables turnover for the company is 7.29 and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In conclusion, Fortis Inc. (FTS) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
