A new trading day began on Tuesday, with Firstenergy Corp. (NYSE: FE) stock price up 0.32% from the previous day of trading, before settling in for the closing price of $43.70. FE’s price has ranged from $34.73 to $44.97 over the past 52 weeks.
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Utilities Sector giant saw their annual sales surged by 2.83% over the last five years. Meanwhile, its annual earnings per share averaged 5.52%. With a float of $575.08 million, this company’s outstanding shares have now reached $575.92 million.
The firm has a total of 12042 workers. Let’s measure their productivity. In terms of profitability, gross margin is 44.83%, operating margin of 17.19%, and the pretax margin is 9.86%.
Firstenergy Corp. (FE) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Firstenergy Corp. is 0.15%, while institutional ownership is 90.83%. The most recent insider transaction that took place on Sep 12 ’24, was worth 264,601. Before that another transaction happened on Nov 27 ’23, when Company’s SVP, CHRO & Corporate Services sold 12,500 for $37.58, making the entire transaction worth $469,781. This insider now owns 36,959 shares in total.
Firstenergy Corp. (FE) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.88 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.7 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.52% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.80% during the next five years compared to 11.68% growth over the previous five years of trading.
Firstenergy Corp. (NYSE: FE) Trading Performance Indicators
Here are Firstenergy Corp.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.43. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.91.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.52, a number that is poised to hit 0.90 in the next quarter and is forecasted to reach 2.89 in one year’s time.
Technical Analysis of Firstenergy Corp. (FE)
Analysing the last 5-days average volume posted by the [Firstenergy Corp., FE], we can find that recorded value of 2.39 million was lower than the volume posted last year of 2.93 million. As of the previous 9 days, the stock’s Stochastic %D was 86.14%. Additionally, its Average True Range was 0.57.
During the past 100 days, Firstenergy Corp.’s (FE) raw stochastic average was set at 83.78%, which indicates a significant decrease from 84.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.72% in the past 14 days, which was lower than the 12.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.56, while its 200-day Moving Average is $39.81. Now, the first resistance to watch is $44.05. This is followed by the second major resistance level at $44.25. The third major resistance level sits at $44.63. If the price goes on to break the first support level at $43.47, it is likely to go to the next support level at $43.09. Should the price break the second support level, the third support level stands at $42.89.
Firstenergy Corp. (NYSE: FE) Key Stats
With a market capitalization of 25.25 billion, the company has a total of 575,516K Shares Outstanding. Currently, annual sales are 12,870 M while annual income is 1,102 M. The company’s previous quarter sales were 3,280 M while its latest quarter income was 45,000 K.
