Firstenergy Corp. (FE) concluded trading on Wednesday at a closing price of $44.05, with 3.77 million shares of worth about $166.24 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 15.50% during that period and on October 02, 2024 the price saw a loss of about -1.03%. Currently the company’s common shares owned by public are about 575.92M shares, out of which, 575.08M shares are available for trading.
Stock saw a price change of 0.59% in past 5 days and over the past one month there was a price change of -0.59%. Year-to-date (YTD), FE shares are showing a performance of 20.16% which increased to 35.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $32.18 but also hit the highest price of $44.97 during that period. The average intraday trading volume for Firstenergy Corp. shares is 2.76 million. The stock is currently trading -0.04% below its 20-day simple moving average (SMA20), while that difference is up 2.30% for SMA50 and it goes to 12.00% higher than SMA200.
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Firstenergy Corp. (NYSE: FE) currently have 575.92M outstanding shares and institutions hold larger chunk of about 90.74% of that.
The stock has a current market capitalization of $25.37B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 29.00, while it has posted earnings per share of $1.52 in the same period. Its PEG reads 4.60 and has Quick Ratio of 0.43 while making debt-to-equity ratio of 1.92. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FE, volatility over the week remained 0.99% while standing at 1.24% over the month.
Stock’s fiscal year EPS is expected to rise by 5.59% while it is estimated to increase by 6.91% in next year. EPS is likely to shrink at an annualized rate of 6.30% for next 5-years, compared to annual growth of 11.68% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Argus on September 20, 2024 offering a Buy rating for the stock and assigned a target price of $50 to it. Coverage by Goldman stated Firstenergy Corp. (FE) stock as a Buy in their note to investors on April 10, 2024, suggesting a price target of $45 for the stock. On August 23, 2023, Barclays Initiated their recommendations, while on August 07, 2023, UBS Downgrade their ratings for the stock with a price target of $40. Stock get a Buy rating from Guggenheim on January 23, 2023.
