In the past week, FHN stock has gone up by 7.32%, with a monthly gain of 16.46% and a quarterly surge of 0.90%. The volatility ratio for the week is 3.51%, and the volatility levels for the last 30 days are 3.30% for First Horizon Corporation The simple moving average for the past 20 days is 9.03% for FHN’s stock, with a -13.08% simple moving average for the past 200 days.
Is It Worth Investing in First Horizon Corporation (NYSE: FHN) Right Now?
The price-to-earnings ratio for First Horizon Corporation (NYSE: FHN) is above average at 7.37x, while the 36-month beta value is 1.01.Analysts have differing opinions on the stock, with 4 analysts rating it as a “buy,” 1 as “overweight,” 10 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for First Horizon Corporation (FHN) is $12.91, which is $0.6 above the current market price. The public float for FHN is 550.04M, and currently, short sellers hold a 3.78% ratio of that floaft. The average trading volume of FHN on November 21, 2023 was 6.79M shares.
FHN) stock’s latest price update
The stock of First Horizon Corporation (NYSE: FHN) has decreased by -0.32 when compared to last closing price of 12.35. Despite this, the company has experienced a 7.32% gain in its stock price over the last five trading sessions. MarketBeat reported 2023-11-07 that The SPDR S&P Regional Banking ETF NYSEARCA: KRE closed 1.08% lower on November 6, after a privately held regional bank was closed by the Iowa Division of Banking.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with Wedbush repeating the rating for FHN by listing it as a “Outperform.” The predicted price for FHN in the upcoming period, according to Wedbush is $14 based on the research report published on November 03, 2023 of the current year 2023.
FHN Trading at 11.07% from the 50-Day Moving Average
After a stumble in the market that brought FHN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -50.60% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.51%, as shares surge +16.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.50% upper at present.
During the last 5 trading sessions, FHN rose by +7.32%, which changed the moving average for the period of 200-days by -50.14% in comparison to the 20-day moving average, which settled at $11.38. In addition, First Horizon Corporation saw -49.76% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at FHN starting from FENSTERMAKER WILLIAM H, who purchase 10,000 shares at the price of $11.62 back on Jun 07. After this action, FENSTERMAKER WILLIAM H now owns 256,312 shares of First Horizon Corporation, valued at $116,196 using the latest closing price.
PALMER VICKI R, the Director of First Horizon Corporation, purchase 2,000 shares at $11.02 during a trade that took place back on May 19, which means that PALMER VICKI R is holding 95,650 shares at $22,041 based on the most recent closing price.
Stock Fundamentals for FHN
Current profitability levels for the company are sitting at:
- +32.87 for the present operating margin
The net margin for First Horizon Corporation stands at +26.11. The total capital return value is set at 8.85, while invested capital returns managed to touch 8.83. Equity return is now at value 11.88, with 1.20 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 54.22 points at debt to equity in total, while total debt to capital is 35.16. Total debt to assets is 5.67, with long-term debt to equity ratio resting at 27.19. Finally, the long-term debt to capital ratio is 15.46.
When we switch over and look at the enterprise to sales, we see a ratio of 2.27, with the company’s debt to enterprise value settled at 0.24. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.16.
In a nutshell, First Horizon Corporation (FHN) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.