First Horizon Corporation (FHN) 20 Days SMA touches 9.52%: The odds favor the bear

First Horizon Corporation (NYSE: FHN) on Monday, plunged -0.39% from the previous trading day, before settling in for the closing price of $20.36. Within the past 52 weeks, FHN’s price has moved between $11.87 and $20.53.

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 17.79%. The company achieved an average annual earnings per share of -2.51%. With a float of $523.00 million, this company’s outstanding shares have now reached $558.84 million.

Considering the fact that the conglomerate employs 7249 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 94.56%, operating margin of 18.37%, and the pretax margin is 21.14%.

First Horizon Corporation (FHN) Insider Activity

Observing investor behavior towards Banks – Regional industry stocks is more important than anything else. The insider ownership of First Horizon Corporation is 1.35%, while institutional ownership is 81.45%. The most recent insider transaction that took place on Nov 12 ’24, was worth 199,202. In this transaction Director of this company sold 10,000 shares at a rate of $19.92, taking the stock ownership to the 166,840 shares. Before that another transaction happened on Nov 12 ’24, when Company’s Director proposed sale 10,000 for $19.92, making the entire transaction worth $199,206.

First Horizon Corporation (FHN) Earnings and Forecasts

According to the Wall Street analysts, stocks earnings will be around -2.51% 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 2.13. Likewise, its price to free cash flow for the trailing twelve months is 7.17.

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 1.57 in one year’s time.

Technical Analysis of First Horizon Corporation (FHN)

Compared to the last year’s volume of 6.64 million, its volume of 6.61 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 89.39%. Additionally, its Average True Range was 0.52.

During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 95.96%, which indicates a significant increase from 93.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.67% in the past 14 days, which was higher than the 39.81% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $16.94, while its 200-day Moving Average is $15.66. Nevertheless, the first resistance level for the watch stands at $20.45 in the near term. At $20.61, the stock is likely to face the second major resistance level. The third major resistance level sits at $20.70. If the price goes on to break the first support level at $20.19, it is likely to go to the next support level at $20.10. Should the price break the second support level, the third support level stands at $19.93.

First Horizon Corporation (NYSE: FHN) Key Stats

Market capitalization of the company is 10.86 billion based on 530,138K outstanding shares. Right now, sales total 5,027 M and income totals 897,000 K. The company made 1,319 M in profit during its latest quarter, and 218,000 K in sales during its previous quarter.