As of Friday close, FedEx Corporation’s (NYSE:FDX) stock was down -$0.76, moving down -0.29 percent to $261.09. The average number of shares traded per day over the past five days has been 3,584,460 shares. 2 times new highs have been achieved over the past 5 days, with a $7.01 gain in that time frame. In the last twenty days, the average volume was 1,947,745, while in the previous 50 days, it was 1,815,176.
Since last month, FDX stock rose 0.25%. Shares of the company fell to $246.05 on 09/19/23, the lowest level in the past month. A 52-week high of $270.95 was reached on 07/31/23 after having rallying from a 52-week low of $141.92. Since the beginning of this year, FDX’s stock price has risen by 50.74% or $87.89, and marked a new high 29 times. However, the stock has declined by -3.64% since its 52-week high.
FDX stock investors should be aware that FedEx Corporation (FDX) stock had its last reported insider trading activity 65 days ago on Jul 20. Lenz Michael C., the EVP CHIEF FINANCIAL OFF of the company, disposed of 5,745 shares for $261.88 on Jul 20. It resulted in a $1,504,474 divestment by the insider. CARTER ROBERT B sold 19,270 shares at an average price of $246.00 on Jun 28. The insider now owns 58,875 shares following the transaction. On Jun 27, CVP PRIN ACCT OFFICER Johnson Jennifer L sold 10,801 shares at $238.61 apiece. The transaction was valued at $2,577,187.
Valuation Metrics
Right now, FedEx Corporation (FDX) has a P/E ratio of about 16.82. The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 2.51, and the price-to-cash flow ratio of 24.84 may also be considered.
The latest dividend of $1.26 per share was paid out, remained unchanged from last year’s $1.26. On Wednesday April 5 2023, a $0.11 dividend increase was announced.
Financial Health
In the three months ended August 30, FedEx Corporation’s quick ratio stood at 1.30, while its current ratio was 1.40, 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 August 30 was 0.78, and the total debt-to-equity ratio was 0.79. On the profitability front, the trailing twelve-month gross margin is 69.30% percent. In the year ended August 30, operating margins totaled 5.40%. Based on annual data, FDX earned $62.46 billion in gross profit and brought in $90.16 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 7.50%. Return on equity (ROE) for the past 12 months was 15.90%.
In FedEx Corporation’s quarter-end financial report for August 30, it reported total debt of $20.14 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. FDX’s revenue fell -7.2% to $21.93 billion during the quarter, while net income inched up to $21.68 billion. While analysts expected FedEx Corporation to report $3.73 quarterly earnings, the actual figure was $4.55 per share, beating the consensus estimate by 22.00%. During the quarter, the company generated $2.56 billion in EBITDA. The liabilities of FedEx Corporation were 61.04 billion at the end of its most recent quarter ended August 30, and its total debt was $38.22 billion. The value of shareholders’ equity is $251.42 million.
Technical Picture
This quick technical analysis looks at FedEx Corporation’s (FDX) price momentum. With a historical volatility rate of 28.60%, the RSI 9-day stood at 60.41% on 22 September.
With respect to its five-day moving average, the current FedEx Corporation price is up by +2.76% percent or $7.01. At present, FDX shares trade +0.89% above its 20-day simple moving average and +13.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.02% above its SMA50 and +47.84% above its SMA200.
Stochastic coefficient K was 54.06% and Stochastic coefficient D was 36.06%, while ATR was 6.02. Given the Stochastic reading of 67.35% for the 14-day period, the RSI (14) reading has been calculated as 56.00%. As of today, the MACD Oscillator reading stands at 3.65, while the 14-day reading stands at 3.12.
Analyst Ratings
Evercore ISI reiterated its an Outperform rating on FedEx Corporation (NYSE: FDX) in a note to investors. The analysts firm has however raised their price target to $276, representing a possible 5.06% increase in the stock price. FedEx Corporation (FDX) has been rated Overweight by analysts. According to 0 brokerage firms, FDX is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate FedEx Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $289.50, the current consensus forecast for the stock is $205.00 – $330.00. Based on these forecasts, analysts predict FedEx Corporation (FDX) will achieve an average price target of $284.38.
