The stock price of Firstenergy Corp. (NYSE: FE) has plunged by -1.14 when compared to previous closing price of 38.57, but the company has seen a -0.10% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-26 that FirstEnergy’s (FE) first-quarter earnings decrease year over year, while revenues increase. Total operating expenses increase during the same period.
Is It Worth Investing in Firstenergy Corp. (NYSE: FE) Right Now?
Firstenergy Corp. (NYSE: FE) has a higher price-to-earnings ratio of 20.61x compared to its average ratio. FE has 36-month beta value of 0.47. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 0 as “sell.”
The public float for FE is 573.59M, and currently, short sellers hold a 2.11% ratio of that float. The average trading volume of FE on April 29, 2024 was 3.05M shares.
FE’s Market Performance
The stock of Firstenergy Corp. (FE) has seen a -0.10% decrease in the past week, with a -0.86% drop in the past month, and a 4.81% gain in the past quarter. The volatility ratio for the week is 1.71%, and the volatility levels for the past 30 days are at 1.49% for FE. The simple moving average for the last 20 days is 0.31% for FE stock, with a simple moving average of 3.13% for the last 200 days.
Analysts’ Opinion of FE
Many brokerage firms have already submitted their reports for FE stocks, with Goldman repeating the rating for FE by listing it as a “Buy.” The predicted price for FE in the upcoming period, according to Goldman is $45 based on the research report published on April 10, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see FE reach a price target of $37. The rating they have provided for FE stocks is “Equal Weight” according to the report published on August 23rd, 2023.
UBS gave a rating of “Neutral” to FE, setting the target price at $40 in the report published on August 07th of the previous year.
FE Trading at 0.93% 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 -7.34% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.71%, as shares sank -1.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.25% upper at present.
During the last 5 trading sessions, FE fell by -0.10%, which changed the moving average for the period of 200-days by -3.35% in comparison to the 20-day moving average, which settled at $37.99. In addition, Firstenergy Corp. saw 4.01% 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
- 0.55 for the gross margin
The net margin for Firstenergy Corp. stands at 0.08. The total capital return value is set at 0.05. Equity return is now at value 9.57, with 2.22 for asset returns.
Based on Firstenergy Corp. (FE), the company’s capital structure generated 0.66 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 1.98. The interest coverage ratio of the stock is 2.2.
Currently, EBITDA for the company is 3.99 billion with net debt to EBITDA at 6.15. When we switch over and look at the enterprise to sales, we see a ratio of 3.52. The receivables turnover for the company is 6.1for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
To put it simply, Firstenergy Corp. (FE) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
