As of Wednesday close, Federated Hermes Inc.’s (NYSE:FHI) stock was down -$0.24, moving down -0.64 percent to $37.46. The average number of shares traded per day over the past five days has been 509,640 shares. 3 times new highs have been achieved over the past 5 days, with a $1.13 gain in that time frame. In the last twenty days, the average volume was 709,725, while in the previous 50 days, it was 733,668.
Since last month, FHI stock rose 17.25%. Shares of the company fell to $31.53 on 10/24/22, the lowest level in the past month. A 52-week high of $39.82 was reached on 01/10/22 after having rallying from a 52-week low of $27.88. Since the beginning of this year, FHI’s stock price has dropped by -0.32% or -$0.12, and marked a new high 4 times. However, the stock has declined by -5.93% since its 52-week high.
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FHI stock investors should be aware that Federated Hermes Inc. (FHI) stock had its last reported insider trading activity 7 days ago on Nov 17. Novak Richard A, the Principal Accounting Officer of the company, disposed of 1,149 shares for $36.76 on Nov 17. It resulted in a $42,237 divestment by the insider. Germain Peter J sold 2,377 shares at an average price of $36.63 on Nov 17. The insider now owns 181,337 shares following the transaction. On Nov 17, Vice President FISHER JOHN B sold 7,593 shares at $36.54 apiece. The transaction was valued at $277,432.
Right now, Federated Hermes Inc. (FHI) has a P/E ratio of about 13.57. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 2.34, the price-to-book (PB) ratio of 3.25, and the price-to-cash flow ratio of 48.25 may also be considered.
The latest dividend of $0.27 per share was paid out, remained unchanged from last year’s $0.27. On Friday January 29 2021, a $1.00 dividend decrease was announced.
In the three months ended September 29, Federated Hermes Inc.’s quick ratio stood at 2.60, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.41, and the total debt-to-equity ratio was 0.41. On the profitability front, the trailing twelve-month gross margin is 95.80% percent. In the year ended September 29, operating margins totaled 25.60%. Based on annual data, FHI earned $366.27 million in gross profit and brought in $1.3 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 19.60%. Return on equity (ROE) for the past 12 months was 22.10%.
In Federated Hermes Inc.’s quarter-end financial report for September 29, it reported total debt of $397.51 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FHI’s revenue rose 14.88% to $346.7 million during the quarter, while net income inched up to $383.74 million. While analysts expected Federated Hermes Inc. to report $0.71 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 9.90%. During the quarter, the company generated $103.55 million in EBITDA. The value of shareholders’ equity is $89.0 million.
This quick technical analysis looks at Federated Hermes Inc.’s (FHI) price momentum. With a historical volatility rate of 23.93%, the RSI 9-day stood at 67.52% on 23 November.
With respect to its five-day moving average, the current Federated Hermes Inc. price is up by +3.11% percent or $1.13. At present, FHI shares trade +16.95% above its 20-day simple moving average and +16.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.93% above its SMA50 and +11.39% above its SMA200.
Stochastic coefficient K was 85.01% and Stochastic coefficient D was 88.20%, while ATR was 0.99. Given the Stochastic reading of 82.01% for the 14-day period, the RSI (14) reading has been calculated as 65.57%. As of today, the MACD Oscillator reading stands at 0.84, while the 14-day reading stands at 1.21.
Keefe Bruyette upgraded its rating on Federated Hermes Inc. (NYSE: FHI) to an Outperform in a note to investors on June 29, 2022. The analysts firm previously had a Mkt perform rating on the stock.Federated Hermes Inc. (FHI) has been rated Overweight by analysts. According to 1 brokerage firm, FHI is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Federated Hermes Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $37.00, the current consensus forecast for the stock is $30.00 – $41.00. Based on these forecasts, analysts predict Federated Hermes Inc. (FHI) will achieve an average price target of $36.14.