Fedex Corp (NYSE:FDX) currently has a daily average trading volume of 1.71M but it saw 1314364 shares traded in last market. With a market cap of 69.89B USD, the company’s current market price of $285.31 came falling about -2.57 while comparing to the previous closing price of $292.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $313.84 and as low as $224.69. In the recent trading on the day, stock has struck highest price mark of $283.75 while lowest mark touched by it was $293.95.
Taking a look at 20-day trading activity of Fedex Corp (FDX) gives us an average price of $289.30, while its current price level is -9.09% below from 52-week high level whereas it is 26.98% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $294.57 while that of 200 days or SMA-200 reads an average of $265.87. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.88% during that period while stretching the period over a month that decreases to 1.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.62 which implies that the stock is in neutral territory.
JP Morgan upgraded its recommendation for the stock as a “Overweight” from “Neutral” on June 26, 2024 while assigning a price target range of $296-$359. TD Cowen issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $320 and $335.
Over the week, FDX’s stock price is moving -3.65% down while it is -0.15% when we observe its performance for the past one month. Year-to-date it is 12.78% up and over the past year, the stock is showing an upside performance of 11.18%.
Currently, Fedex Corp’s total number of outstanding shares is 244.30M. Company’s return on investment (ROI) stands at 6.89% and return on equity (ROE) at 16.12%. It has a price to earnings ratio (P/E ratio) of 16.55 while having a 11.69 of forward P/E ratio. Stock’s beta reads 1.18. Stock has a price to book (P/B) ratio of 2.53 while price to sale or P/S ratio amounts to 0.80. Its return on asset (ROA) is 4.97% on average.
