Firstenergy Corp. (NYSE: FE)’s stock price has plunge by 0.38relation to previous closing price of 37.04. Nevertheless, the company has seen a 5.33% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-10-27 that FirstEnergy Corp. (NYSE:FE ) Q3 2023 Earnings Conference Call October 27, 2023 9:00 AM ET Company Participants Irene Prezelj – Vice President, Investor Relations and Communications Brian Tierney – President and Chief Executive Officer Jon Taylor – Senior Vice President and Chief Financial Officer Conference Call Participants Shar Pourreza – Guggenheim Partners Jeremy Tonet – JPMorgan Nick Campanella – Barclays David Arcaro – Morgan Stanley Angie Storozynski – Seaport Global Jeremy Tonet – JPMorgan Anthony Crowdell – Mizuho Securities Gregg Orrill – UBS Steve Fleishman – Wolfe Research Operator Greetings and welcome to the FirstEnergy Corp. Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.
Is It Worth Investing in Firstenergy Corp. (NYSE: FE) Right Now?
Firstenergy Corp. (NYSE: FE) has a price-to-earnings ratio that is above its average at 40.80x. and a 36-month beta value of 0.47. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 1 as “sell.”
The average price predicted for Firstenergy Corp. (FE) by analysts is $39.00, which is $1.82 above the current market price. The public float for FE is 573.23M, and at present, short sellers hold a 1.90% of that float. On November 20, 2023, the average trading volume of FE was 3.46M shares.
FE’s Market Performance
FE’s stock has seen a 5.33% increase for the week, with a 4.26% rise in the past month and a 3.59% gain in the past quarter. The volatility ratio for the week is 1.47%, and the volatility levels for the past 30 days are at 1.61% for Firstenergy Corp. The simple moving average for the last 20 days is 3.65% for FE stock, with a simple moving average of -2.23% for the last 200 days.
Analysts’ Opinion of FE
Many brokerage firms have already submitted their reports for FE stocks, with Barclays repeating the rating for FE by listing it as a “Equal Weight.” The predicted price for FE in the upcoming period, according to Barclays is $37 based on the research report published on August 23, 2023 of the current year 2023.
FE Trading at 4.45% 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 -14.15% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +5.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.38% upper at present.
During the last 5 trading sessions, FE rose by +5.33%, which changed the moving average for the period of 200-days by -9.32% in comparison to the 20-day moving average, which settled at $35.97. In addition, Firstenergy Corp. saw -11.35% 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. The total capital return value is set at 5.84, while invested capital returns managed to touch 1.29. Equity return is now at value 5.13, with 1.18 for asset returns.
Based on Firstenergy Corp. (FE), the company’s capital structure generated 215.91 points at debt to equity in total, while total debt to capital is 68.35. Total debt to assets is 47.60, with long-term debt to equity ratio resting at 211.00. Finally, the long-term debt to capital ratio is 66.79.
When we switch over and look at the enterprise to sales, we see a ratio of 3.34, with the company’s debt to enterprise value settled at 0.47. The receivables turnover for the company is 8.74 and the total asset turnover is 0.27. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.61.
To sum up, Firstenergy Corp. (FE) has seen a mixed 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.