The stock of Fulton Financial Corp. (NASDAQ: FULT) has increased by 0.39 when compared to last closing price of 15.27.Despite this, the company has seen a loss of -3.71% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-05 that Fulton Financial (FULT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Is It Worth Investing in Fulton Financial Corp. (NASDAQ: FULT) Right Now?
Fulton Financial Corp. (NASDAQ: FULT) has a price-to-earnings ratio of 9.33x that is above its average ratio. Additionally, the 36-month beta value for FULT is 0.81. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for FULT is 160.16M and currently, short sellers hold a 5.24% ratio of that float. The average trading volume of FULT on April 05, 2024 was 1.12M shares.
FULT’s Market Performance
FULT stock saw a decrease of -3.71% in the past week, with a monthly decline of -5.08% and a quarterly a decrease of -3.77%. The volatility ratio for the week is 2.03%, and the volatility levels for the last 30 days are 2.44% for Fulton Financial Corp. (FULT). The simple moving average for the past 20 days is -0.39% for FULT’s stock, with a 8.27% simple moving average for the past 200 days.
Analysts’ Opinion of FULT
Many brokerage firms have already submitted their reports for FULT stocks, with Stephens repeating the rating for FULT by listing it as a “Equal-Weight.” The predicted price for FULT in the upcoming period, according to Stephens is $16 based on the research report published on December 14, 2023 of the previous year 2023.
Janney, on the other hand, stated in their research note that they expect to see FULT reach a price target of $19.50. The rating they have provided for FULT stocks is “Neutral” according to the report published on January 10th, 2023.
Stephens gave a rating of “Overweight” to FULT, setting the target price at $20.50 in the report published on April 21st of the previous year.
FULT Trading at -1.04% from the 50-Day Moving Average
After a stumble in the market that brought FULT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -10.14% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 2.03%, as shares sank -2.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.95% lower at present.
During the last 5 trading sessions, FULT fell by -3.71%, which changed the moving average for the period of 200-days by +19.11% in comparison to the 20-day moving average, which settled at $15.37. In addition, Fulton Financial Corp. saw -6.87% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at FULT starting from Wenger E Philip, who sale 0 shares at the price of $13.75 back on Nov 07 ’23. After this action, Wenger E Philip now owns 0 shares of Fulton Financial Corp., valued at $4 using the latest closing price.
Myers Curtis J, the Chairman & CEO of Fulton Financial Corp., purchase 15,000 shares at $9.81 during a trade that took place back on May 12 ’23, which means that Myers Curtis J is holding 157,044 shares at $147,156 based on the most recent closing price.
Stock Fundamentals for FULT
Current profitability levels for the company are sitting at:
- 0.44 for the present operating margin
- 1.0 for the gross margin
The net margin for Fulton Financial Corp. stands at 0.24. The total capital return value is set at 0.04. Equity return is now at value 10.65, with 1.04 for asset returns.
Based on Fulton Financial Corp. (FULT), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.14. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 1.67.
Currently, EBITDA for the company is -38.76 million with net debt to EBITDA at 4.75. When we switch over and look at the enterprise to sales, we see a ratio of 3.75. The receivables turnover for the company is 2.52for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.05.
Conclusion
In conclusion, Fulton Financial Corp. (FULT) has seen bad 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’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.
