Fortis Inc. (NYSE: FTS) has a higher price-to-earnings ratio of 16.55x compared to its average ratio. FTS has 36-month beta value of 0.43. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FTS is 492.34M, and currently, short sellers hold a 2.10% ratio of that float. The average trading volume of FTS on April 12, 2024 was 885.53K shares.
FTS) stock’s latest price update
The stock of Fortis Inc. (NYSE: FTS) has decreased by -0.65 when compared to last closing price of 38.20. Despite this, the company has experienced a -2.84% fall in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-02-22 that Low-beta utility stocks like DTE Energy Company (DTE), American Water Works Company, Inc. (AWK), Fortis, Inc (FTS) and Consolidated Water Co. Ltd. (CWCO) are a safe bet amid this ongoing market volatility.
FTS’s Market Performance
Fortis Inc. (FTS) has seen a -2.84% fall in stock performance for the week, with a -4.48% decline in the past month and a -9.15% plunge in the past quarter. The volatility ratio for the week is 1.53%, and the volatility levels for the past 30 days are at 1.18% for FTS. The simple moving average for the past 20 days is -3.46% for FTS’s stock, with a -5.92% simple moving average for the past 200 days.
FTS Trading at -3.59% from the 50-Day Moving Average
After a stumble in the market that brought FTS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -18.00% of loss for the given period.
Volatility was left at 1.18%, however, over the last 30 days, the volatility rate increased by 1.53%, as shares sank -4.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.85% lower at present.
During the last 5 trading sessions, FTS fell by -2.84%, which changed the moving average for the period of 200-days by -11.04% in comparison to the 20-day moving average, which settled at $39.22. In addition, Fortis Inc. saw -7.73% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for FTS
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.67 for the gross margin
The net margin for Fortis Inc. stands at 0.14. The total capital return value is set at 0.05. Equity return is now at value 7.32, with 2.34 for asset returns.
Based on Fortis Inc. (FTS), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.4. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 5.01 billion with net debt to EBITDA at 5.87. When we switch over and look at the enterprise to sales, we see a ratio of 4.78. The receivables turnover for the company is 7.08for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.67.
Conclusion
To put it simply, Fortis Inc. (FTS) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
