First Horizon Corporation (FHN) is 5.33% away from 50-day simple Moving Average despite all headwinds

A new trading day began on Tuesday, with First Horizon Corporation (NYSE: FHN) stock price up 1.30% from the previous day of trading, before settling in for the closing price of $21.49. FHN’s price has ranged from $13.45 to $22.10 over the past 52 weeks.

Annual sales at Financial sector company grew by 19.09% over the past five years. Meanwhile, its annual earnings per share averaged 8.21%. With a float of $517.30 million, this company’s outstanding shares have now reached $524.00 million.

Let’s look at the performance matrix of the company that is accounted for 7249 employees. 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 1.28%, while institutional ownership is 84.97%. The most recent insider transaction that took place on Jan 22 ’25, was worth 2,323,651. In this transaction Chairman, President & CEO of this company sold 109,980 shares at a rate of $21.13, taking the stock ownership to the 1,861,381 shares. Before that another transaction happened on Jan 22 ’25, when Company’s Officer proposed sale 109,980 for $21.13, making the entire transaction worth $2,323,651.

First Horizon Corporation (FHN) Latest Financial update

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.41 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 8.21% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.96% during the next five years compared to -0.25% 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 2.24. Likewise, its price to free cash flow for the trailing twelve months is 7.53.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.35, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 1.88 in one year’s time.

Technical Analysis of First Horizon Corporation (FHN)

First Horizon Corporation (NYSE: FHN) saw its 5-day average volume 6.25 million, a positive change from its year-to-date volume of 5.97 million. As of the previous 9 days, the stock’s Stochastic %D was 71.96%. Additionally, its Average True Range was 0.56.

During the past 100 days, First Horizon Corporation’s (FHN) raw stochastic average was set at 95.40%, which indicates a significant increase from 80.69% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.27% in the past 14 days, which was lower than the 34.83% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $20.67, while its 200-day Moving Average is $17.24. Nevertheless, the first resistance level for the watch stands at $21.98 in the near term. At $22.18, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.43. If the price goes on to break the first support level at $21.52, it is likely to go to the next support level at $21.27. The third support level lies at $21.07 if the price breaches the second support level.

First Horizon Corporation (NYSE: FHN) Key Stats

With a market capitalization of 11.41 billion, the company has a total of 530,138K Shares Outstanding. Currently, annual sales are 5,046 M while annual income is 775,000 K. The company’s previous quarter sales were 1,170 M while its latest quarter income was 166,000 K.