FirstEnergy Corp. (NYSE:FE) finished Thursday with an addition of $0.11 to close at $36.30, an upside of 0.30 percent. An average of 4,245,760 shares of common stock have been traded in the last five days. There was a fall of -$0.87 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 3,157,395 shares traded, while the 50-day average volume stands at 3,216,008.
FE stock has decreased by -7.98% in the last month. The company shares reached their 1-month lowest point of $35.73 on 08/08/23. With the stock rallying to its 52-week high on 01/17/23, shares of the company touched a low of $35.60 and a high of $43.31 in 52 weeks. It has reached a new high 7 times so far this year and lost -13.45% or -$5.64 in price. In spite of this, the price is down -16.19% from the 52-week high.
Valuation Metrics
FirstEnergy Corp. (FE) has a trailing price-to-earnings (P/E) ratio of 45.55. The stock’s beta is 0.45. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.65, the price-to-book (PB) ratio at 1.98.
The company has a payout ratio of 195.10%. The company’s most recent quarterly dividend payment was $0.39 a share, without any change from last year. Its latest increase dividend $0.01 reported on Friday November 8 2019.
Financial Health
The quick ratio of FirstEnergy Corp. for the three months ended June 29 was 0.50, and the current ratio was 0.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.16 and a total debt to equity ratio of 2.28 for the quarter ending June 29. FirstEnergy Corp.’s EBITDA margin for the year ending June 29 is 23.44%, while its operating margin for the same period stands at 15.60%. Its gross profit as reported stood at $1.91 billion compared to revenue of $12.46 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, FirstEnergy Corp.’s return on assets was 1.00%.
Earnings Surprise
For the three-month period that ended June 29, FirstEnergy Corp. had $22.66 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $235.0 million in the quarter, while revenues were grew 20.43%. The analyst consensus anticipated FirstEnergy Corp.’s latest quarter earnings to come in at $0.45 per share, but it turned out to be $0.47, a 4.40% surprise. For the quarter, EBITDA amounted to $851.0 million. Shareholders own equity worth $573.36 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at FirstEnergy Corp. (FE) price momentum. RSI 9-day as of the close on 10 August was 25.13%, suggesting the stock is oversold, with historical volatility in this time frame at 20.55%.
As of today, FE’s price is $36.28 -2.34% or -$0.87 from its 5-day moving average. FE is currently trading -8.91% lower than its 20-day SMA and -8.75% lower than its 100-day SMA. However, the stock’s current price level is -1.89% below the SMA50 and -0.30% below the SMA200.
The stochastic %K and %D were 12.65% and 10.00%, respectively, and the average true range (ATR) was 0.74. With the 14-day stochastic at 12.15% and the average true range at 0.72, the RSI (14) stands at 30.25%. The stock has reached -0.96 on the 9-day MACD Oscillator while the 14-day reading was at -1.83.
Analyst Ratings
UBS downgraded FirstEnergy Corp. (NYSE: FE) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for FirstEnergy Corp. (FE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell FE, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is FE’s price target for the next 12 months?
Analysts predict a range of price targets between $36.00 and $46.00, with a median target of $43.00. Taking a look at these predictions, the average price target given by analysts for FirstEnergy Corp. (FE) stock is $42.38.
