FedEx Corporation (NYSE: FDX) kicked off on August 04, 2022, at the price of $233.79, up 1.25% from the previous trading day. During the day, the shares moved up to $236.31 and dropped to $233.35 before settling in for the closing price of $233.19. Over the past 52 weeks, FDX has traded in a range of $192.82-$282.88.
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During the last 5-year period, the sales growth of Industrials Sector giant was 9.20%. While this was happening, its average annual earnings per share was recorded -22.10%. With a float of $239.79 million, this company’s outstanding shares have now reached $260.00 million.
Let’s determine the extent of company efficiency that accounts for 191000 employees.
FedEx Corporation (FDX) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Integrated Freight & Logistics Industry. The insider ownership of FedEx Corporation is 5.70%, while institutional ownership is 73.20%. The most recent insider transaction that took place on Jul 29, was worth 1,692,368. In this transaction EVP CHIEF FINANCIAL OFF of this company sold 7,335 shares at a rate of $230.72, taking the stock ownership to the 18,251 shares. Before that another transaction happened on Jul 26, when Company’s EVP / Chief Info Officer sold 12,310 for $224.67, making the entire transaction worth $2,765,651. This insider now owns 54,916 shares in total.
FedEx Corporation (FDX) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 5/30/2022, the organization reported $6.87 earnings per share (EPS), higher than consensus estimate (set at $6.86) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 5.53 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -22.10% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 11.46% during the next five years compared to 5.30% growth over the previous five years of trading.
FedEx Corporation (NYSE: FDX) Trading Performance Indicators
Take a look at FedEx Corporation’s (FDX) current performance indicators. Last quarter, stock had a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.64. Likewise, its price to free cash flow for the trailing twelve months is 26.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 14.44, a number that is poised to hit 5.24 in the next quarter and is forecasted to reach 24.92 in one year’s time.
Technical Analysis of FedEx Corporation (FDX)
Looking closely at FedEx Corporation (NYSE: FDX), its last 5-days average volume was 1.49 million, which is a drop from its year-to-date volume of 2.44 million. As of the previous 9 days, the stock’s Stochastic %D was 70.19%. Additionally, its Average True Range was 6.28.
During the past 100 days, FedEx Corporation’s (FDX) raw stochastic average was set at 77.37%, which indicates a significant decrease from 83.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.13% in the past 14 days, which was lower than the 42.98% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $224.98, while its 200-day Moving Average is $229.62. However, in the short run, FedEx Corporation’s stock first resistance to watch stands at $237.16. Second resistance stands at $238.21. The third major resistance level sits at $240.12. If the price goes on to break the first support level at $234.20, it is likely to go to the next support level at $232.29. Should the price break the second support level, the third support level stands at $231.24.
FedEx Corporation (NYSE: FDX) Key Stats
The company with the Market Capitalisation of 59.91 billion has total of 259,846K Shares Outstanding. Its annual sales at the moment are 93,512 M in contrast with the sum of 3,826 M annual income. Company’s last quarter sales were recorded 24,394 M and last quarter income was 558,000 K.
