A new trading day began on Tuesday, with Fedex Corp (NYSE: FDX) stock price up 1.56% from the previous day of trading, before settling in for the closing price of $271.18. FDX’s price has ranged from $234.45 to $313.84 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 5.13%. Meanwhile, its annual earnings per share averaged 11.53%. With a float of $223.50 million, this company’s outstanding shares have now reached $244.30 million.
The extent of productivity of a business whose workforce counts for 430000 workers is very important to gauge. In terms of profitability, gross margin is 22.44%, operating margin of 6.38%, and the pretax margin is 6.24%.
Fedex Corp (FDX) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Integrated Freight & Logistics Industry. The insider ownership of Fedex Corp is 8.52%, while institutional ownership is 79.37%. The most recent insider transaction that took place on Jul 18 ’24, was worth 607,822. In this transaction EVP/Chief Customer Officer of this company sold 1,958 shares at a rate of $310.43, taking the stock ownership to the 19,937 shares. Before that another transaction happened on Jul 17 ’24, when Company’s EVP CDI Off & CTO/CEO FDW sold 8,421 for $310.14, making the entire transaction worth $2,611,718. This insider now owns 12,246 shares in total.
Fedex Corp (FDX) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 11.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.66% during the next five years compared to 53.32% growth over the previous five years of trading.
Fedex Corp (NYSE: FDX) Trading Performance Indicators
Here are Fedex Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.77. Likewise, its price to free cash flow for the trailing twelve months is 25.72.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 16.21, a number that is poised to hit 4.09 in the next quarter and is forecasted to reach 23.14 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 1.13 million was inferior to 1.81 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 54.81%. Additionally, its Average True Range was 5.22.
During the past 100 days, Fedex Corp’s (FDX) raw stochastic average was set at 45.83%, which indicates a significant decrease from 72.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.95% in the past 14 days, which was lower than the 39.54% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $276.10, while its 200-day Moving Average is $269.28. Now, the first resistance to watch is $277.41. This is followed by the second major resistance level at $279.40. The third major resistance level sits at $283.34. If the price goes on to break the first support level at $271.47, it is likely to go to the next support level at $267.53. Assuming the price breaks the second support level, the third support level stands at $265.54.
Fedex Corp (NYSE: FDX) Key Stats
With a market capitalization of 67.29 billion, the company has a total of 244,323K Shares Outstanding. Currently, annual sales are 87,693 M while annual income is 4,331 M. The company’s previous quarter sales were 21,579 M while its latest quarter income was 794,000 K.
