The stock price of Firstenergy Corp (NYSE: FE) has jumped by 0.43 compared to previous close of 41.51. Despite this, the company has seen a fall of -0.07% in its stock price over the last five trading days. prnewswire.com reported 2024-11-18 that FirstEnergy offers tips to help keep people of all ages safe from electrical hazards AKRON, Ohio, Nov. 18, 2024 /PRNewswire/ — With the holiday season fast approaching, FirstEnergy Corp. (NYSE: FE) is reminding customers to reduce electrical hazards and potential fire risks at home by following important safety tips when installing holiday lights and decorations. According to the National Fire Protection Association (NFPA), U.S. fire departments respond to an average of 835 home structure fires per year that begin with holiday decorations, not including Christmas trees.
Is It Worth Investing in Firstenergy Corp (NYSE: FE) Right Now?
Firstenergy Corp (NYSE: FE) has a price-to-earnings ratio of 26.93x that is above its average ratio. Additionally, the 36-month beta value for FE is 0.50. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FE is 575.48M and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of FE on November 19, 2024 was 2.87M shares.
FE’s Market Performance
FE’s stock has seen a -0.07% decrease for the week, with a -4.51% drop in the past month and a -3.47% fall in the past quarter. The volatility ratio for the week is 1.48%, and the volatility levels for the past 30 days are at 1.48% for Firstenergy Corp. The simple moving average for the past 20 days is -1.22% for FE’s stock, with a 3.53% simple moving average for the past 200 days.
Analysts’ Opinion of FE
Jefferies, on the other hand, stated in their research note that they expect to see FE reach a price target of $46. The rating they have provided for FE stocks is “Hold” according to the report published on October 14th, 2024.
Argus gave a rating of “Buy” to FE, setting the target price at $50 in the report published on September 20th of the current year.
FE Trading at -3.20% 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 -7.29% of loss for the given period.
Volatility was left at 1.48%, however, over the last 30 days, the volatility rate increased by 1.48%, as shares sank -4.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.27% lower at present.
During the last 5 trading sessions, FE fell by -0.07%, which changed the moving average for the period of 200-days by +13.32% in comparison to the 20-day moving average, which settled at $42.21. In addition, Firstenergy Corp saw 13.72% 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
- 0.47 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 7.79, 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 0.12. The debt to equity ratio resting at 1.91. The interest coverage ratio of the stock is 2.24.
Currently, EBITDA for the company is 3.73 billion with net debt to EBITDA at 6.08. 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 7.55for 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 0.56.
Conclusion
In conclusion, Firstenergy Corp (FE) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
