The stock of FirstEnergy Corp. (NYSE:FE) increased by $0.08 on Tuesday to finish at $36.46, up 0.22 percent. The last five days have seen an average of 2,041,320 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$5.48. The average number of shares traded over the last 20 days was 3,283,015, while the average volume over the last 50 days totaled 2,860,904.
FE stock dropped -7.44% since last month. On 08/21/23, the company’s shares reached a one-month low of $35.58. The stock touched a high of $43.31 on 01/17/23, after rallying from a low of $35.58 in 52 weeks. The price of FE stock has declined by -13.07% or -$5.48 this year, reaching a new high 7 times. Still, the stock price is down -15.82% from the 52-week high.
Valuation Metrics
FirstEnergy Corp. (FE) has a trailing price-to-earnings (P/E) ratio of 45.75. Beta for the stock is 0.46. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.61, the price-to-book (PB) ratio of 1.99.
Company paid $0.39 per share in dividends, remained unchanged from $0.39 last year. A $0.01 dividend increase was reported on Friday November 8 2019.
Financial Health
For the three months ended June 29, FirstEnergy Corp.’s quick ratio was 0.50, while its current ratio was 0.60, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.16, and the total debt to equity ratio is 2.28. As far as profitability goes, gross margin for the trailing twelve months is 67.40% percent. FirstEnergy Corp.’s EBITDA margin for the year ended June 29 was 23.44%, whereas its operating margin stood at 15.60% for the same period. Based on annual data, it had gross profit of $1.91 billion and revenue of $12.46 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. FE’s return on assets (ROA) during the last 12 months has been 1.00%. There was a 2.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 4.40%.
Earnings Surprise
According to FirstEnergy Corp.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.01 billion, while revenues rose by 6.25% to $3.23 billion. It was predicted that FirstEnergy Corp.’s quarterly earnings would be $0.47, but it ended up being $0.45, beating the consensus by 4.40%. EBITDA was $851.0 million for the quarter. At the end of FirstEnergy Corp.’s most recent quarter ended June 29, its liabilities totaled 36.09 billion, while its total debt was $24.01 billion. Equity owned by shareholders amounts to $573.36 million.
Technical Picture
Here’s a quick look at FirstEnergy Corp.’s (FE) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 46.95%, suggesting the stock is Neutral, with a 11.51% historical volatility rate.
The stochastic %K and %D were 56.83% and 48.75% respectively, while the average true range (ATR) was 0.55. Based on the 14-day stochastic reading of 63.31%, the RSI (14) reading is 43.18%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at 0.10.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering FirstEnergy Corp. (NYSE: FE). The stock was rated as an Equal weight by the brokerage firm. Analysts have assigned FirstEnergy Corp. (FE) an Overweight rating. FE is a stock that is recommended for selling by 0 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is FE’s price target for the next 12 months?
The current consensus forecast for the stock is between $36.00 and $45.00, with a median target price of $42.50. In analyzing these forecasts, the average price target given by analysts for FirstEnergy Corp. (FE) is $41.79.
