On November 20, 2023, First Horizon Corporation (NYSE: FHN) opened at $12.26, lower -0.32% from the last session. During the day, the shares moved up to $12.3705 and dropped to $12.19 before settling in for the closing price of $12.35. Price fluctuations for FHN have ranged from $8.99 to $24.92 over the past 52 weeks.
Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 20.34%. Company’s average yearly earnings per share was noted -2.66% at the time writing. With a float of $550.04 million, this company’s outstanding shares have now reached $558.77 million.
Considering the fact that the conglomerate employs 7397 people, you should pay attention to its efficiency factor.
First Horizon Corporation (FHN) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of First Horizon Corporation is 1.56%, while institutional ownership is 77.50%. The most recent insider transaction that took place on Jun 07, was worth 116,196. In this transaction Director of this company bought 10,000 shares at a rate of $11.62, taking the stock ownership to the 256,312 shares. Before that another transaction happened on May 19, when Company’s Director bought 2,000 for $11.02, making the entire transaction worth $22,041. This insider now owns 95,650 shares in total.
First Horizon Corporation (FHN) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/29/2023, the company posted $0.27 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.24) by $0.03. This company achieved a net margin of +26.11 while generating a return on equity of 10.94. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.31 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -2.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.40% during the next five years compared to 18.67% growth over the previous five years of trading.
First Horizon Corporation (NYSE: FHN) Trading Performance Indicators
Check out the current performance indicators for First Horizon Corporation (FHN). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.51. Likewise, its price to free cash flow for the trailing twelve months is 9.38.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.67, a number that is poised to hit 0.28 in the next quarter and is forecasted to reach 1.34 in one year’s time.
Technical Analysis of First Horizon Corporation (FHN)
Compared to the last year’s volume of 8.88 million, its volume of 8.81 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.57%. Additionally, its Average True Range was 0.41.
During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 57.47%, which indicates a significant decrease from 86.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.32% in the past 14 days, which was higher than the 32.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.09, while its 200-day Moving Average is $14.10. Nevertheless, the first resistance level for the watch stands at $12.39 in the near term. At $12.47, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.57. If the price goes on to break the first support level at $12.21, it is likely to go to the next support level at $12.11. Now, if the price goes above the second support level, the third support stands at $12.03.
First Horizon Corporation (NYSE: FHN) Key Stats
There are currently 558,770K shares outstanding in the company with a market cap of 6.88 billion. Presently, the company’s annual sales total 3,498 M according to its annual income of 900,000 K. Last quarter, the company’s sales amounted to 1,253 M and its income totaled 137,000 K.