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After finishing at $38.65 in the prior trading day, Firstenergy Corp. (NYSE: FE) closed at $38.92, up 0.70%. In other words, the price has increased by $0.70 from its previous closing price. On the day, 2.45 million shares were traded. FE stock price reached its highest trading level at $38.955 during the session, while it also had its lowest trading level at $38.56.
Ratios:
Our goal is to gain a better understanding of FE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.56 and its Current Ratio is at 0.65. In the meantime, Its Debt-to-Equity ratio is 1.98 whereas as Long-Term Debt/Eq ratio is at 1.75.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Goldman on April 10, 2024, initiated with a Buy rating and assigned the stock a target price of $45.
On August 23, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $37.
UBS Downgraded its Buy to Neutral on August 07, 2023, whereas the target price for the stock was revised from $45 to $40.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 27 ’23 when Walker Christine sold 12,500 shares for $37.58 per share. The transaction valued at 469,781 led to the insider holds 36,959 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FE now has a Market Capitalization of 22399082496 and an Enterprise Value of 47242100736. As of this moment, Firstenergy’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.04, and their Forward P/E ratio for the next fiscal year is 13.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.73 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 3.708 whereas that against EBITDA is 12.478.
Stock Price History:
The Beta on a monthly basis for FE is 0.48, which has changed by -0.023337543 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, FE has reached a high of $40.65, while it has fallen to a 52-week low of $32.18. The 50-Day Moving Average of the stock is -0.33%, while the 200-Day Moving Average is calculated to be 4.01%.
Shares Statistics:
The stock has traded on average 2.48M shares per day over the past 3-months and 2476880 shares per day over the last 10 days, according to various share statistics. A total of 575.52M shares are outstanding, with a floating share count of 574.67M. Insiders hold about 0.15% of the company’s shares, while institutions hold 90.90% stake in the company. Shares short for FE as of 1718323200 were 11718696 with a Short Ratio of 4.72, compared to 1715731200 on 12504199. Therefore, it implies a Short% of Shares Outstanding of 11718696 and a Short% of Float of 2.6500002.
Dividends & Splits
In the trailing 12 months, FE’s forward annual dividend rate was 1.6, compared to 1.64 this year. Against a Trailing Annual Dividend Yield of 0.041397154The stock’s 5-year Average Dividend Yield is 4.08.
