FirstEnergy Corp. (NYSE: FE) is -9.63% lower on its value in year-to-date trading and has touched a low of $35.32 and a high of $43.69 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FE stock was last observed hovering at around $37.89 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $44.50 for the next 12 months. It is also 21.04% off the consensus price target high of $48.00 offered by 14 analysts, but current levels are 2.82% higher than the price target low of $39.00 for the same period.
Currently trading at $37.90, the stock is -3.24% and -4.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.1 million and changing 0.03% at the moment leaves the stock -4.93% off its SMA200. FE registered -10.55% loss for a year compared to 6-month gain of -1.51%. The firm has a 50-day simple moving average (SMA 50) of $3.56 and a 200-day simple moving average (SMA200) of $11.75.
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The stock witnessed a -7.22% loss in the last 1 month and extending the period to 3 months gives it a -4.99%, and is -0.63% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.48% over the week and 1.96% over the month.
FirstEnergy Corp. (FE) has around 12335 employees, a market worth around $21.84B and $12.70B in sales. Current P/E ratio is 53.01 and Fwd P/E is 14.25. Profit margin for the company is 3.20%. Distance from 52-week low is 7.30% and -13.26% from its 52-week high. The company has generated returns on investments over the last 12 months (2.50%).
FirstEnergy Corp. (FE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for FirstEnergy Corp. (FE) is a “Overweight”. 14 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
FirstEnergy Corp. is expected to release its quarterly report on 07/20/2023.The EPS is expected to shrink by -68.70% this year.
FirstEnergy Corp. (FE) Top Institutional Holders
The shares outstanding are 572.00M, and float is at 571.40M with Short Float at 0.94%.
FirstEnergy Corp. (FE) Insider Activity
A total of 19 insider transactions have happened at FirstEnergy Corp. (FE) in the last six months, with sales accounting for 9 and purchases happening 10 times.
FirstEnergy Corp. (FE): Who are the competitors?
The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading 4.13% up over the past 12 months and The Southern Company (SO) that is -3.08% lower over the same period. Dominion Energy Inc. (D) is -36.65% down on the 1-year trading charts.