The stock of First Horizon Corporation (FHN) has gone down by -7.46% for the week, with a -4.50% drop in the past month and a 2.56% rise in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are 2.40% for FHN. The simple moving average for the last 20 days is -5.85% for FHN stock, with a simple moving average of 8.02% for the last 200 days.
Is It Worth Investing in First Horizon Corporation (NYSE: FHN) Right Now?
First Horizon Corporation (NYSE: FHN) has a price-to-earnings ratio that is above its average at 9.14x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 10 as “hold,” and 0 as “sell.”
The public float for FHN is 545.99M, and at present, short sellers hold a 1.62% of that float. On April 15, 2024, the average trading volume of FHN was 7.02M shares.
FHN) stock’s latest price update
First Horizon Corporation (NYSE: FHN) has seen a decline in its stock price by -1.27 in relation to its previous close of 14.20. However, the company has experienced a -7.46% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-12 that Besides Wall Street’s top -and-bottom-line estimates for First Horizon (FHN), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Analysts’ Opinion of FHN
Many brokerage firms have already submitted their reports for FHN stocks, with RBC Capital Mkts repeating the rating for FHN by listing it as a “Outperform.” The predicted price for FHN in the upcoming period, according to RBC Capital Mkts is $18 based on the research report published on April 09, 2024 of the current year 2024.
Keefe Bruyette, on the other hand, stated in their research note that they expect to see FHN reach a price target of $18, previously predicting the price at $16. The rating they have provided for FHN stocks is “Outperform” according to the report published on April 05th, 2024.
Barclays gave a rating of “Overweight” to FHN, setting the target price at $18 in the report published on March 08th of the current year.
FHN Trading at -3.16% 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 -26.17% of loss for the given period.
Volatility was left at 2.40%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -4.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.86% upper at present.
During the last 5 trading sessions, FHN fell by -7.46%, which changed the moving average for the period of 200-days by +25.74% in comparison to the 20-day moving average, which settled at $14.86. In addition, First Horizon Corporation saw -0.99% 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 FHN starting from FENSTERMAKER WILLIAM H, who purchase 10,000 shares at the price of $11.62 back on Jun 07 ’23. 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 ’23, 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:
- 0.27 for the present operating margin
- 0.79 for the gross margin
The net margin for First Horizon Corporation stands at 0.18. The total capital return value is set at 0.02. Equity return is now at value 10.40, with 1.12 for asset returns.
Based on First Horizon Corporation (FHN), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 1.39 billion with net debt to EBITDA at 1.65. When we switch over and look at the enterprise to sales, we see a ratio of 2.59. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.23.
Conclusion
To sum up, First Horizon Corporation (FHN) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
