First Horizon Corporation (NYSE:FHN) saw a downside of -0.16% to close Tuesday at $24.59 after subtracting -$0.04 on the day. The 5-day average trading volume is 3,492,900 shares of the company’s common stock. It has gained $24.69 in the past week and touched a new high 3 times within the past 5 days. An average of 3,410,425 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,540,710.
FHN’s 1-month performance is 0.16% or $0.11 on its low of $24.36 reached on 01/03/23. The company’s shares have touched a 52-week low of $16.51 and high of $24.92, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, FHN has achieved 0.37% or $0.09 and has reached a new high 7 times. However, the current price is down -1.32% from the 52-week high price.
FHN stock investors last saw insider trading activity on Nov 30.POPWELL DAVID T (President-Specialty Banking) most recently sold 139,637 shares at $24.75 per share on Nov 30. This transaction cost the insider $3,455,839. SEVP, Chief Operating Officer, LoCascio Tammy, sold 36,228 shares at a price of $24.34 on Nov 09. Then, on Jun 09, Executive Chairman of Board BYRD DARYL G sold 201,934 shares at a price of $22.64 per share. This transaction amounted to $4,572,445.
FHN stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.59 while the price-to-book (PB) in the most recent quarter is 1.89, with the price to cash flow ratio at 6.25.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.23, while the total debt to equity was 0.23. The firm’s gross profit as reported stood at $1.99 billion against revenue of $2.16 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FHN to announce $0.43 per share in earnings in its latest quarter, but it posted $0.44, representing a 2.30% surprise. Shareholders hold equity totaling $536.8 million.
Let’s look briefly at First Horizon Corporation (FHN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 52.14% to suggest the stock is trending Neutral, with historical volatility in this time period at 4.70%.
The stock’s 5-day moving average is $24.61, reflecting a +0.33% or $0.08 change from its current price. FHN is currently trading +0.49% above its 20-day SMA, +7.52% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.19% and SMA200 by+4.64%.
Stochastic %K and %D was 60.16% and 60.05% and the average true range (ATR) pointed at 0.12. The RSI (14) points at 53.38%, while the 14-day stochastic is at 48.72% with the period’s ATR at 0.12. The stock’s 9-day MACD Oscillator is pointing at 0.01 and 0.05 on the 14-day charts.
In the most recent analyst report for First Horizon Corporation (NYSE: FHN), Wedbush launched coverage with an Outperform rating.