Fedex Corp (NYSE: FDX) kicked off on Friday, up 1.37% from the previous trading day, before settling in for the closing price of $263.37. Over the past 52 weeks, FDX has traded in a range of $213.80-$291.27.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 6.97%. While this was happening, its average annual earnings per share was recorded 18.84%. With a float of $224.39 million, this company’s outstanding shares have now reached $251.19 million.
The extent of productivity of a business whose workforce counts for 536000 workers is very important to gauge.
Fedex Corp (FDX) Insider Updates
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 Corp is 8.82%, while institutional ownership is 78.43%. 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) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of 38.05 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
Take a look at Fedex Corp’s (FDX) current performance indicators. Last quarter, stock had a quick ratio of 1.26. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.75. Likewise, its price to free cash flow for the trailing twelve months is 19.71.
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)
The latest stats from [Fedex Corp, FDX] show that its last 5-days average volume of 1.35 million was inferior to 2.08 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 16.26%. Additionally, its Average True Range was 5.23.
During the past 100 days, Fedex Corp’s (FDX) raw stochastic average was set at 57.27%, which indicates a significant increase from 25.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.88% in the past 14 days, which was lower than the 29.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $258.37, while its 200-day Moving Average is $256.09. Now, the first resistance to watch is $269.57. This is followed by the second major resistance level at $272.16. The third major resistance level sits at $275.21. If the price goes on to break the first support level at $263.93, it is likely to go to the next support level at $260.88. Assuming the price breaks the second support level, the third support level stands at $258.29.
Fedex Corp (NYSE: FDX) Key Stats
The company with the Market Capitalisation of 65.70 billion has total of 246,081K Shares Outstanding. Its annual sales at the moment are 90,155 M in contrast with the sum of 3,972 M annual income. Company’s last quarter sales were recorded 21,738 M and last quarter income was 879,000 K.
