In the past week, FE stock has gone up by 0.42%, with a monthly gain of 4.81% and a quarterly surge of 4.86%. The volatility ratio for the week is 1.36%, and the volatility levels for the last 30 days are 1.44% for Firstenergy Corp. The simple moving average for the past 20 days is 1.09% for FE’s stock, with a 3.53% simple moving average for the past 200 days.
Is It Worth Investing in Firstenergy Corp. (NYSE: FE) Right Now?
Firstenergy Corp. (NYSE: FE) has a price-to-earnings ratio of 19.98x that is above its average ratio. Additionally, the 36-month beta value for FE is 0.48. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for FE is 573.45M and currently, short sellers hold a 2.22% ratio of that float. The average trading volume of FE on April 02, 2024 was 3.54M shares.
FE) stock’s latest price update
Firstenergy Corp. (NYSE: FE) has experienced a decline in its stock price by -0.65 compared to its previous closing price of 38.62. However, the company has seen a gain of 0.42% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-26 that FirstEnergy (FE) closes its previously announced deal to sell its additional 30% ownership interest in its FirstEnergy Transmission, LLC, which will help to further strengthen its financial results.
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 previous year 2023.
UBS, on the other hand, stated in their research note that they expect to see FE reach a price target of $40, previously predicting the price at $45. The rating they have provided for FE stocks is “Neutral” according to the report published on August 07th, 2023.
Guggenheim gave a rating of “Buy” to FE, setting the target price at $46 in the report published on January 23rd of the previous year.
FE Trading at 2.95% 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 -8.62% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares surge +5.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.40% upper at present.
During the last 5 trading sessions, FE rose by +0.42%, which changed the moving average for the period of 200-days by -0.98% in comparison to the 20-day moving average, which settled at $38.05. In addition, Firstenergy Corp. saw 4.66% 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 FE starting from Walker Christine, who sale 12,500 shares at the price of $37.58 back on Nov 27 ’23. After this action, Walker Christine now owns 36,959 shares of Firstenergy Corp., valued at $469,781 using the latest closing price.
Stock Fundamentals for FE
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.64 for the gross margin
The net margin for Firstenergy Corp. stands at 0.09. The total capital return value is set at 0.05. Equity return is now at value 10.90, with 2.37 for asset returns.
Based on Firstenergy Corp. (FE), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 2.39. The interest coverage ratio of the stock is 2.21.
Currently, EBITDA for the company is 3.99 billion with net debt to EBITDA at 6.29. When we switch over and look at the enterprise to sales, we see a ratio of 3.64. The receivables turnover for the company is 8.12for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In conclusion, Firstenergy Corp. (FE) has seen better performance in recent times. Analysts have a bullish 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.
