Fedex Corp (NYSE: FDX) is -14.34% lower on its value in year-to-date trading and has touched a low of $239.50 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 $243.51 in the last trading session, with the day’s loss setting it -2.53%.
Currently trading at $240.98, the stock is -5.68% and -8.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.56 million and changing -1.04% at the moment leaves the stock -12.75% off its SMA200. FDX registered -4.64% loss for a year compared to 6-month loss of -15.10%. The firm has a 50-day simple moving average (SMA 50) of $264.0566 and a 200-day simple moving average (SMA200) of $276.1865.
The stock witnessed a -7.76% gain in the last 1 month and extending the period to 3 months gives it a -13.79%, and is -3.53% 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 2.62% over the week and 2.51% over the month.
Fedex Corp (FDX) has around 430000 employees, a market worth around $58.04B and $87.39B in sales. Current P/E ratio is 15.36 and Fwd P/E is 10.92. Profit margin for the company is 4.44%. Distance from 52-week low is 0.62% and -23.22% from its 52-week high. The company has generated returns on investments over the last 12 months (6.41%).
The EPS is expected to grow by 6.78% this year
2263.0 institutions hold shares in Fedex Corp (FDX), with institutional investors hold 85.67% of the company’s shares. The shares outstanding are 240.85M, and float is at 220.37M with Short Float at 1.64%. Institutions hold 78.62% 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 5.4011 and valued at over $4.02 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 5.157 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).
