First Horizon Corporation (FHN) recent activity suggests a positive outlook with the last week’s performance of 5.37%

A new trading day began on Tuesday, with First Horizon Corporation (NYSE: FHN) stock price down -1.07% from the previous day of trading, before settling in for the closing price of $21.42. FHN’s price has ranged from $11.87 to $21.72 over the past 52 weeks.

It was noted that within the last five years, the titan of the Financial sector saw sales topped by 17.79%. Meanwhile, its annual earnings per share averaged -2.51%. With a float of $523.00 million, this company’s outstanding shares have now reached $558.84 million.

The extent of productivity of a business whose workforce counts for 7249 workers is very important to gauge. 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 and Institutional Ownership

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of First Horizon Corporation is 1.35%, while institutional ownership is 81.46%. The most recent insider transaction that took place on Nov 22 ’24, was worth 165,716. In this transaction EVP & Chief Accounting Officer of this company sold 8,025 shares at a rate of $20.65, taking the stock ownership to the 124,699 shares. Before that another transaction happened on Nov 22 ’24, when Company’s Officer proposed sale 8,025 for $20.65, making the entire transaction worth $165,717.

First Horizon Corporation (FHN) Latest Financial update

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

Here are First Horizon Corporation’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.20. Likewise, its price to free cash flow for the trailing twelve months is 7.41.

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)

The latest stats from [First Horizon Corporation, FHN] show that its last 5-days average volume of 5.58 million was inferior to 6.61 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 83.15%. Additionally, its Average True Range was 0.52.

During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 92.82%, which indicates a significant increase from 76.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.12% in the past 14 days, which was lower than the 39.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $17.54, while its 200-day Moving Average is $15.86. Now, the first resistance to watch is $21.39. This is followed by the second major resistance level at $21.60. The third major resistance level sits at $21.70. If the price goes on to break the first support level at $21.08, it is likely to go to the next support level at $20.98. The third support level lies at $20.77 if the price breaches the second support level.

First Horizon Corporation (NYSE: FHN) Key Stats

With a market capitalization of 11.23 billion, the company has a total of 530,138K Shares Outstanding. Currently, annual sales are 5,027 M while annual income is 897,000 K. The company’s previous quarter sales were 1,319 M while its latest quarter income was 218,000 K.