First Horizon Corporation (FHN) with a beta value of 0.90 appears to be a promising investment opportunity.

First Horizon Corporation (NYSE: FHN) on Monday, plunged -1.89% from the previous trading day, before settling in for the closing price of $17.45. Within the past 52 weeks, FHN’s price has moved between $10.16 and $17.68.

During the last 5-year period, the sales growth of Financial Sector giant was 17.79%. The company achieved an average annual earnings per share of -6.55%. With a float of $528.60 million, this company’s outstanding shares have now reached $558.84 million.

Let’s determine the extent of company efficiency that accounts for 7249 employees. In terms of profitability, gross margin is 83.24%, operating margin of 16.43%, and the pretax margin is 19.34%.

First Horizon Corporation (FHN) Breakdown of a Key Holders of the stock

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of First Horizon Corporation is 1.36%, while institutional ownership is 82.75%.

First Horizon Corporation (FHN) Recent Fiscal highlights

As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.32 earnings per share (EPS) for the period topping the consensus outlook (set at 0.3) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.36 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -6.55% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.50% during the next five years compared to -1.32% drop over the previous five years of trading.

First Horizon Corporation (NYSE: FHN) Trading Performance Indicators

First Horizon Corporation (FHN) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79. Likewise, its price to free cash flow for the trailing twelve months is 5.92.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.38, a number that is poised to hit 0.38 in the next quarter and is forecasted to reach 1.55 in one year’s time.

Technical Analysis of First Horizon Corporation (FHN)

Looking closely at First Horizon Corporation (NYSE: FHN), its last 5-days average volume was 10.5 million, which is a jump from its year-to-date volume of 6.61 million. As of the previous 9 days, the stock’s Stochastic %D was 85.02%. Additionally, its Average True Range was 0.44.

During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 84.28%, which indicates a significant increase from 80.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.29% in the past 14 days, which was lower than the 32.08% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $15.89, while its 200-day Moving Average is $15.23. However, in the short run, First Horizon Corporation’s stock first resistance to watch stands at $17.40. Second resistance stands at $17.67. The third major resistance level sits at $17.83. If the price goes on to break the first support level at $16.97, it is likely to go to the next support level at $16.81. Now, if the price goes above the second support level, the third support stands at $16.54.

First Horizon Corporation (NYSE: FHN) Key Stats

Market capitalization of the company is 9.17 billion based on 546,868K outstanding shares. Right now, sales total 5,027 M and income totals 897,000 K. The company made 1,279 M in profit during its latest quarter, and 199,000 K in sales during its previous quarter.