Fedex Corp (NYSE: FDX) on Tuesday, plunged -0.67% from the previous trading day, before settling in for the closing price of $266.74. Within the past 52 weeks, FDX’s price has moved between $213.80 and $291.27.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Industrials sector was 6.97%. The company achieved an average annual earnings per share of 18.84%. With a float of $224.39 million, this company’s outstanding shares have now reached $251.19 million.
Considering the fact that the conglomerate employs 536000 people, you should pay attention to its efficiency factor.
Fedex Corp (FDX) Insider Activity
Observing investor behavior towards Integrated Freight & Logistics industry stocks is more important than anything else. The insider ownership of Fedex Corp is 8.82%, while institutional ownership is 78.45%. The most recent insider transaction that took place on Apr 09 ’24, was worth 31,105,700. In this transaction Executive Chairman of this company sold 113,400 shares at a rate of $274.30, taking the stock ownership to the 14,505,844 shares. Before that another transaction happened on Apr 08 ’24, when Company’s EVP – Chief People Officer sold 2,550 for $275.69, making the entire transaction worth $703,010. This insider now owns 6,294 shares in total.
Fedex Corp (FDX) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 33.03 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.84% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.90% during the next five years compared to -1.59% drop over the previous five years of trading.
Fedex Corp (NYSE: FDX) Trading Performance Indicators
Fedex Corp (FDX) is currently performing well based on its current performance indicators. A quick ratio of 1.26 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.74. Likewise, its price to free cash flow for the trailing twelve months is 19.56.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 17.35, a number that is poised to hit 5.33 in the next quarter and is forecasted to reach 21.30 in one year’s time.
Technical Analysis of Fedex Corp (FDX)
Compared to the last year’s volume of 2.11 million, its volume of 1.45 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 9.26%. Additionally, its Average True Range was 5.48.
During the past 100 days, Fedex Corp’s (FDX) raw stochastic average was set at 53.66%, which indicates a significant increase from 6.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.46% in the past 14 days, which was lower than the 29.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $256.93, while its 200-day Moving Average is $255.84. Nevertheless, the first resistance level for the watch stands at $266.80 in the near term. At $268.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $270.49. If the price goes on to break the first support level at $263.12, it is likely to go to the next support level at $261.30. Should the price break the second support level, the third support level stands at $259.43.
Fedex Corp (NYSE: FDX) Key Stats
Market capitalization of the company is 65.20 billion based on 246,081K outstanding shares. Right now, sales total 90,155 M and income totals 3,972 M. The company made 21,738 M in profit during its latest quarter, and 879,000 K in sales during its previous quarter.
