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As of close of business last night, First Horizon Corporation’s stock clocked out at $16.33, down -1.57% from its previous closing price of $16.59. In other words, the price has decreased by -$1.57 from its previous closing price. On the day, 3.52 million shares were traded. FHN stock price reached its highest trading level at $16.6 during the session, while it also had its lowest trading level at $16.255.
Ratios:
To gain a deeper understanding of FHN’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.14.
On July 17, 2024, Keefe Bruyette Downgraded its rating to Mkt Perform which previously was Outperform but kept the price unchanged to $18.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FHN now has a Market Capitalization of 8890460160 and an Enterprise Value of 11173133312. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13.50, and their Forward P/E ratio for the next fiscal year is 10.34. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.97. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.74 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 3.791.
Stock Price History:
Over the past 52 weeks, FHN has reached a high of $17.46, while it has fallen to a 52-week low of $10.08. The 50-Day Moving Average of the stock is 2.97%, while the 200-Day Moving Average is calculated to be 10.50%.
Shares Statistics:
It appears that FHN traded 6.23M shares on average per day over the past three months and 3449150 shares per day over the past ten days. A total of 558.84M shares are outstanding, with a floating share count of 528.78M. Insiders hold about 1.33% of the company’s shares, while institutions hold 83.53% stake in the company. Shares short for FHN as of 1723680000 were 6906093 with a Short Ratio of 1.11, compared to 1721001600 on 9084849. Therefore, it implies a Short% of Shares Outstanding of 6906093 and a Short% of Float of 1.66.
Dividends & Splits
With its trailing 12-month dividend rate of 0.6, FHN has a forward annual dividend rate of 0.60. Against a Trailing Annual Dividend Yield of 0.036166366The stock’s 5-year Average Dividend Yield is 3.98.
