Firstenergy Corp. (FE) concluded trading on Wednesday at a closing price of $43.90, with 2.85 million shares of worth about $125.14 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.22% during that period and on October 16, 2024 the price saw a gain of about 0.92%. 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 3.17% in past 5 days and over the past one month there was a price change of 0.48%. Year-to-date (YTD), FE shares are showing a performance of 19.75% which increased to 21.40% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.73 but also hit the highest price of $44.97 during that period. The average intraday trading volume for Firstenergy Corp. shares is 2.81 million. The stock is currently trading 0.93% above its 20-day simple moving average (SMA20), while that difference is up 1.09% for SMA50 and it goes to 10.61% 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 $25.28B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 28.90, while it has posted earnings per share of $1.52 in the same period. Its PEG reads 4.19 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 1.25% while standing at 1.28% over the month.
Stock’s fiscal year EPS is expected to rise by 5.52% while it is estimated to increase by 7.01% in next year. EPS is likely to shrink at an annualized rate of 6.90% 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 Jefferies on October 14, 2024 offering a Hold rating for the stock and assigned a target price of $46 to it. Coverage by Argus stated Firstenergy Corp. (FE) stock as a Buy in their note to investors on September 20, 2024, suggesting a price target of $50 for the stock. On April 10, 2024, Goldman Initiated their recommendations, while on August 23, 2023, Barclays Initiated their ratings for the stock with a price target of $37. Stock get a Neutral rating from UBS on August 07, 2023.
