Technical Outlook And Game Plan For Firstenergy Corp (NYSE: FE)

Firstenergy Corp (FE) concluded trading on Wednesday at a closing price of $41.22, with 3.69 million shares of worth about $151.91 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 2.38% during that period and on November 13, 2024 the price saw a loss of about -0.67%. Currently the company’s common shares owned by public are about 576.32M shares, out of which, 575.47M shares are available for trading.

Stock saw a price change of -0.87% in past 5 days and over the past one month there was a price change of -5.24%. Year-to-date (YTD), FE shares are showing a performance of 12.44% which increased to 17.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $34.92 but also hit the highest price of $44.97 during that period. The average intraday trading volume for Firstenergy Corp shares is 2.83 million. The stock is currently trading -3.12% below its 20-day simple moving average (SMA20), while that difference is down -4.69% for SMA50 and it goes to 2.53% higher than SMA200.

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Firstenergy Corp (NYSE: FE) currently have 576.32M outstanding shares and institutions hold larger chunk of about 89.03% of that.

The stock has a current market capitalization of $23.76B and its 3Y-monthly beta is at 0.49. PE ratio of stock for trailing 12 months is 26.62, while it has posted earnings per share of $1.55 in the same period. Its PEG reads 4.02 and has Quick Ratio of 0.46 while making debt-to-equity ratio of 1.91. 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 1.42% while standing at 1.43% over the month.

Stock’s fiscal year EPS is expected to rise by 4.70% while it is estimated to increase by 7.67% in next year. EPS is likely to shrink at an annualized rate of 6.62% for next 5-years, compared to annual growth of 11.68% made by the stock over the past 5-years.

Coverage by Jefferies stated Firstenergy Corp (FE) stock as a Hold in their note to investors on October 14, 2024, suggesting a price target of $46 for the stock. On September 20, 2024, Argus Upgrade their recommendations, while on April 10, 2024, Goldman Initiated their ratings for the stock with a price target of $45. Stock get an Equal weight rating from Barclays on August 23, 2023.

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