First Horizon Corporation (FHN) concluded trading on Wednesday at a closing price of $20.10, with 21.59 million shares of worth about $433.96 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.89% during that period and on November 06, 2024 the price saw a gain of about 16.45%. Currently the company’s common shares owned by public are about 558.84M shares, out of which, 528.57M shares are available for trading.
Stock saw a price change of 14.46% in past 5 days and over the past one month there was a price change of 29.93%. Year-to-date (YTD), FHN shares are showing a performance of 41.95% which increased to 73.43% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $10.96 but also hit the highest price of $17.93 during that period. The average intraday trading volume for First Horizon Corporation shares is 5.63 million. The stock is currently trading 16.54% above its 20-day simple moving average (SMA20), while that difference is up 23.25% for SMA50 and it goes to 30.18% higher than SMA200.
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
First Horizon Corporation (NYSE: FHN) currently have 558.84M outstanding shares and institutions hold larger chunk of about 83.32% of that.
The stock has a current market capitalization of $10.77B and its 3Y-monthly beta is at 0.88. PE ratio of stock for trailing 12 months is 14.61, while it has posted earnings per share of $1.38 in the same period. Its PEG reads 1.95 while making debt-to-equity ratio of 0.42. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FHN, volatility over the week remained 2.89% while standing at 2.64% over the month.
Stock’s fiscal year EPS is expected to drop by -2.55% while it is estimated to increase by 4.19% in next year. EPS is likely to grow at an annualized rate of 7.50% for next 5-years, compared to annual growth of -1.32% 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 Wedbush on September 24, 2024 offering a Neutral rating for the stock and assigned a target price range of between $20 and $17 to it. Coverage by Raymond James stated First Horizon Corporation (FHN) stock as an Outperform in their note to investors on July 18, 2024, suggesting a price target of $18 for the stock. On July 17, 2024, Keefe Bruyette Downgrade their recommendations, while on May 23, 2024, Stephens Resumed their ratings for the stock with a price target of $19. Stock get an Outperform rating from RBC Capital Mkts on April 09, 2024.
