Firstenergy Corp. (NYSE: FE) has seen a rise in its stock price by 0.32 in relation to its previous close of 43.70. However, the company has experienced a 0.78% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-22 that 3 Wind Energy Stocks to Buy Ahead of Earnings Results. These are: DTE, FE, NEP.
Is It Worth Investing in Firstenergy Corp. (NYSE: FE) Right Now?
Firstenergy Corp. (NYSE: FE) has a higher price-to-earnings ratio of 28.86x compared to its average ratio, The 36-month beta value for FE is at 0.49. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 as “hold,” and 0 as “sell.”
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The public float for FE is 575.08M, and currently, shorts hold a 1.88% of that float. The average trading volume for FE on October 23, 2024 was 2.82M shares.
FE’s Market Performance
FE’s stock has seen a 0.78% increase for the week, with a -0.43% drop in the past month and a 8.46% gain in the past quarter. The volatility ratio for the week is 1.24%, and the volatility levels for the past 30 days are at 1.25% for Firstenergy Corp. The simple moving average for the last 20 days is 0.82% for FE stock, with a simple moving average of 10.13% for the last 200 days.
Analysts’ Opinion of FE
Many brokerage firms have already submitted their reports for FE stocks, with Jefferies repeating the rating for FE by listing it as a “Hold.” The predicted price for FE in the upcoming period, according to Jefferies is $46 based on the research report published on October 14, 2024 of the current year 2024.
Argus, on the other hand, stated in their research note that they expect to see FE reach a price target of $50. The rating they have provided for FE stocks is “Buy” according to the report published on September 20th, 2024.
Goldman gave a rating of “Buy” to FE, setting the target price at $45 in the report published on April 10th of the current year.
FE Trading at 0.64% 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 -2.51% of loss for the given period.
Volatility was left at 1.25%, however, over the last 30 days, the volatility rate increased by 1.24%, as shares surge +0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.89% upper at present.
During the last 5 trading sessions, FE rose by +0.78%, which changed the moving average for the period of 200-days by +14.98% in comparison to the 20-day moving average, which settled at $43.48. In addition, Firstenergy Corp. saw 19.59% 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 proposed sale 6,000 shares at the price of $44.10 back on Sep 12 ’24. After this action, Walker Christine now owns shares of Firstenergy Corp., valued at $264,601 using the latest closing price.
Walker Christine, the SVP, CHRO & Corporate Services of Firstenergy Corp., sale 12,500 shares at $37.58 during a trade that took place back on Nov 27 ’23, which means that Walker Christine is holding 36,959 shares at $469,781 based on the most recent closing price.
Stock Fundamentals for FE
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.45 for the gross margin
The net margin for Firstenergy Corp. stands at 0.07. The total capital return value is set at 0.05. Equity return is now at value 7.78, with 1.82 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 0.11. The debt to equity ratio resting at 1.92. The interest coverage ratio of the stock is 2.14.
Currently, EBITDA for the company is 3.99 billion with net debt to EBITDA at 6.51. When we switch over and look at the enterprise to sales, we see a ratio of 3.72. The receivables turnover for the company is 5.87for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In conclusion, Firstenergy Corp. (FE) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
