Fedex Corp (NYSE: FDX) has a price-to-earnings ratio that is above its average at 16.64x. The stock has a 36-month beta value of 1.18. Opinions on the stock are mixed, with 13 analysts rating it as a “buy,” 8 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for FDX is 224.11M, and at present, short sellers hold a 1.28% of that float. On September 05, 2024, the average trading volume of FDX was 1.71M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
FDX) stock’s latest price update
The stock price of Fedex Corp (NYSE: FDX) has plunged by -2.04 when compared to previous closing price of 292.84, but the company has seen a -3.13% decline in its stock price over the last five trading sessions. marketbeat.com reported 2024-09-04 that When trying to figure out where the economy is going (let alone the stock market), investors often throw a handful or three indicators to keep track of without knowing which is accurate and which is not. So, to keep all the noise out, investors can trust the data tested by one of Wall Street’s best investors, Stanley Druckenmiller.
FDX’s Market Performance
Fedex Corp (FDX) has experienced a -3.13% fall in stock performance for the past week, with a 0.40% rise in the past month, and a 15.65% rise in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are at 1.67% for FDX. The simple moving average for the last 20 days is -0.72% for FDX stock, with a simple moving average of 7.96% for the last 200 days.
Analysts’ Opinion of FDX
JP Morgan, on the other hand, stated in their research note that they expect to see FDX reach a price target of $359, previously predicting the price at $296. The rating they have provided for FDX stocks is “Overweight” according to the report published on June 26th, 2024.
TD Cowen gave a rating of “Buy” to FDX, setting the target price at $335 in the report published on June 26th of the current year.
FDX Trading at -2.42% from the 50-Day Moving Average
After a stumble in the market that brought FDX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.59% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +3.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.95% upper at present.
During the last 5 trading sessions, FDX fell by -3.08%, which changed the moving average for the period of 200-days by +12.58% in comparison to the 20-day moving average, which settled at $289.38. In addition, Fedex Corp saw 13.40% 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 FDX starting from Carere Brie, who sale 1,958 shares at the price of $310.43 back on Jul 18 ’24. After this action, Carere Brie now owns 19,937 shares of Fedex Corp, valued at $607,822 using the latest closing price.
Krishnasamy Sriram, the EVP CDI Off & CTO/CEO FDW of Fedex Corp, sale 8,421 shares at $310.14 during a trade that took place back on Jul 17 ’24, which means that Krishnasamy Sriram is holding 12,246 shares at $2,611,718 based on the most recent closing price.
Stock Fundamentals for FDX
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.23 for the gross margin
The net margin for Fedex Corp stands at 0.05. The total capital return value is set at 0.08. Equity return is now at value 16.12, with 4.97 for asset returns.
Based on Fedex Corp (FDX), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.37. The debt to equity ratio resting at 0.81. The interest coverage ratio of the stock is 15.98.
Currently, EBITDA for the company is 10.64 billion with net debt to EBITDA at 2.93. When we switch over and look at the enterprise to sales, we see a ratio of 1.16. The receivables turnover for the company is 8.31for trailing twelve months and the total asset turnover is 1.01. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.36.
Conclusion
To sum up, Fedex Corp (FDX) has seen a better 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.
