Fedex Corp (NYSE: FDX) is -2.23% lower on its value in year-to-date trading and has touched a low of $234.45 and a high of $313.84 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 FDX stock was last observed hovering at around $278.65 in the last trading session, with the day’s loss setting it -3.59%.
Currently trading at $275.06, the stock is -0.18% and -2.45% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing -1.29% at the moment leaves the stock -0.71% off its SMA200. FDX registered 9.35% gain for a year compared to 6-month loss of -8.08%. The firm has a 50-day simple moving average (SMA 50) of $281.9814 and a 200-day simple moving average (SMA200) of $277.02.
The stock witnessed a -1.29% gain in the last 1 month and extending the period to 3 months gives it a 1.08%, and is 1.71% up 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 1.66% over the week and 1.78% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $66.25B and $87.39B in sales. Current P/E ratio is 17.53 and Fwd P/E is 12.29. Profit margin for the company is 4.44%. Distance from 52-week low is 17.32% and -12.36% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
with sales reaching $21.96B over the same period.The EPS is expected to grow by 7.51% this year, but quarterly earnings will post 0.21% year-over-year. Quarterly sales are estimated to grow 1.02% in year-over-year returns.
2177.0 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 86.03% of the company’s shares. The shares outstanding are 240.85M, and float is at 220.32M with Short Float at 1.62%. Institutions hold 78.96% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 19.85 million shares valued at $5.95 billion. The investor’s holdings represent 8.0383 of the FDX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 14.86 million shares valued at $4.45 billion to account for 6.0147 of the shares outstanding. The other top investors are DODGE & COX which holds 13.39 million shares representing 5.4229 and valued at over $4.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 5.1779 of the shares totaling 12.79 million with a market value of $3.83 billion.
Fedex Corp (FDX) Insider Activity
The most recent transaction is an insider sale by SCHWAB SUSAN C, the company’s Director. SEC filings show that SCHWAB SUSAN C sold 3,980 shares of the company’s common stock on Jan 14 ’25 at a price of $276.45 per share for a total of $1.1 million. Following the sale, the insider now owns 8904.0 shares.
Still, SEC filings show that on Jan 07 ’25, Smith Richard W (COO INTL – CEO Airline FEC) disposed off 2,576 shares at an average price of $276.93 for $0.71 million. The insider now directly holds 111,886 shares of Fedex Corp (FDX).
