The stock price of Fulton Financial Corp. (NASDAQ: FULT) has jumped by 0.15 compared to previous close of 14.45. Despite this, the company has seen a fall of -3.71% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-16 that Although the revenue and EPS for Fulton Financial (FULT) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Is It Worth Investing in Fulton Financial Corp. (NASDAQ: FULT) Right Now?
The price-to-earnings ratio for Fulton Financial Corp. (NASDAQ: FULT) is 8.81x, which is above its average ratio. Moreover, the 36-month beta value for FULT is 0.83. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 9 as “hold,” and 1 as “sell.”
The public float for FULT is 160.14M and currently, short sellers hold a 5.00% of that float. On April 17, 2024, FULT’s average trading volume was 1.09M shares.
FULT’s Market Performance
The stock of Fulton Financial Corp. (FULT) has seen a -3.71% decrease in the past week, with a -2.28% drop in the past month, and a -6.33% fall in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are at 2.34% for FULT. The simple moving average for the past 20 days is -5.46% for FULT’s stock, with a 1.33% 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 -5.54% 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 -15.17% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -3.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.55% lower at present.
During the last 5 trading sessions, FULT fell by -3.79%, which changed the moving average for the period of 200-days by +21.31% in comparison to the 20-day moving average, which settled at $15.28. In addition, Fulton Financial Corp. saw -12.08% 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 3.64. 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
To wrap up, the performance of Fulton Financial Corp. (FULT) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
