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

Firstenergy Corp (FE) concluded trading on Thursday at a closing price of $40.32, with 2.71 million shares of worth about $109.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 4.24% during that period and on December 12, 2024 the price saw a gain of about 0.50%. Currently the company’s common shares owned by public are about 576.32M shares, out of which, 575.48M shares are available for trading.

Stock saw a price change of -2.47% in past 5 days and over the past one month there was a price change of -2.84%. Year-to-date (YTD), FE shares are showing a performance of 9.98% which increased to 9.03% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.41 but also hit the highest price of $44.97 during that period. The average intraday trading volume for Firstenergy Corp shares is 2.87 million. The stock is currently trading -2.74% below its 20-day simple moving average (SMA20), while that difference is down -4.49% for SMA50 and it goes to -0.83% lower than SMA200.

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Firstenergy Corp (NYSE: FE) currently have 576.32M outstanding shares and institutions hold larger chunk of about 89.13% of that.

The stock has a current market capitalization of $23.24B and its 3Y-monthly beta is at 0.50. PE ratio of stock for trailing 12 months is 26.04, while it has posted earnings per share of $1.55 in the same period. Its PEG reads 3.93 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 1.21% while standing at 1.27% over the month.

Stock’s fiscal year EPS is expected to rise by 4.43% while it is estimated to increase by 7.91% 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.

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 Scotiabank on Dec-13-24 offering a Sector outperform rating for the stock and assigned a target price of $50 to it. On October 14, 2024, Jefferies Initiated their recommendations, while on September 20, 2024, Argus Upgrade their ratings for the stock with a price target of $50. Stock get a Buy rating from Goldman on April 10, 2024.

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