In the past week, FDX stock has gone down by -1.47%, with a monthly gain of 12.52% and a quarterly surge of 10.47%. The volatility ratio for the week is 2.18%, and the volatility levels for the last 30 days are 1.81% for Fedex Corp The simple moving average for the last 20 days is 7.18% for FDX’s stock, with a simple moving average of 10.46% for the last 200 days.
Is It Worth Investing in Fedex Corp (NYSE: FDX) Right Now?
The price-to-earnings ratio for Fedex Corp (NYSE: FDX) is above average at 16.15x. The 36-month beta value for FDX is also noteworthy at 1.22. There are mixed opinions on the stock, with 13 analysts rating it as a “buy,” 8 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for FDX is 225.66M, and at present, short sellers hold a 1.49% of that float. The average trading volume of FDX on April 02, 2024 was 2.18M shares.
FDX) stock’s latest price update
The stock price of Fedex Corp (NYSE: FDX) has dropped by -3.32 compared to previous close of 289.74. Despite this, the company has seen a fall of -1.47% in its stock price over the last five trading days. Proactive Investors reported 2024-04-01 that The US Postal Service (USPS) has selected the United Parcel Service Inc (NYSE:UPS) as its primary partner for transporting cargo by air to replace FedEx Corp (NYSE:FDX, ETR:FDX), which has carried out this role for more than 20 years. The USPS and FedEx had been negotiating an extension to their current contract, which expires in late September, but were unable to reach an agreement, FedEx said in a regulatory filing.
Analysts’ Opinion of FDX
Many brokerage firms have already submitted their reports for FDX stocks, with Exane BNP Paribas repeating the rating for FDX by listing it as a “Underperform.” The predicted price for FDX in the upcoming period, according to Exane BNP Paribas is $250 based on the research report published on March 27, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see FDX reach a price target of $320, previously predicting the price at $293. The rating they have provided for FDX stocks is “Outperform” according to the report published on March 22nd, 2024.
FDX Trading at 11.75% from the 50-Day Moving Average
After a stumble in the market that brought FDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.82% of loss for the given period.
Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +13.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.77% upper at present.
During the last 5 trading sessions, FDX fell by -1.47%, which changed the moving average for the period of 200-days by +22.40% in comparison to the 20-day moving average, which settled at $263.05. In addition, Fedex Corp saw 10.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FDX starting from Allen Mark R, who sale 10,145 shares at the price of $287.28 back on Mar 28 ’24. After this action, Allen Mark R now owns 36,853 shares of Fedex Corp, valued at $2,914,456 using the latest closing price.
MARTIN R BRAD, the Director of Fedex Corp, sale 1,412 shares at $288.30 during a trade that took place back on Mar 28 ’24, which means that MARTIN R BRAD is holding 6,409 shares at $407,080 based on the most recent closing price.
Stock Fundamentals for FDX
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.23 for the gross margin
The net margin for Fedex Corp stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 17.18, with 5.11 for asset returns.
Based on Fedex Corp (FDX), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.24. The debt to equity ratio resting at 1.42. The interest coverage ratio of the stock is 49.17.
Currently, EBITDA for the company is 9.94 billion with net debt to EBITDA at 3.01. When we switch over and look at the enterprise to sales, we see a ratio of 1.15. The receivables turnover for the company is 8.84for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.31.
Conclusion
In summary, Fedex Corp (FDX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
