Fulton Financial Corp (FULT) Down -12.54% From Its 52-Week High, But Growth Potential Is Changing Over Time

Fulton Financial Corp (NASDAQ:FULT) currently has a daily average trading volume of 1.40M but it saw 2589411 shares traded in last market. With a market cap of 3.58B USD, the company’s current market price of $19.67 came falling about -4.05 while comparing to the previous closing price of $20.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.49 and as low as $13.87. In the recent trading on the day, stock has struck highest price mark of $19.555 while lowest mark touched by it was $21.35.

Taking a look at 20-day trading activity of Fulton Financial Corp (FULT) gives us an average price of $21.16, while its current price level is -12.54% below from 52-week high level whereas it is 41.82% 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 $19.85 while that of 200 days or SMA-200 reads an average of $17.72. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.48% during that period while stretching the period over a month that decreases to 2.61%. 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 37.23 which implies that the stock is in neutral territory.

Janney upgraded its recommendation for the stock as a “Buy” from “Neutral” on April 29, 2024 while assigning a price target of $19.50. Stephens issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $14 and $16.

Over the week, FULT’s stock price is moving -7.00% down while it is -6.56% when we observe its performance for the past one month. Year-to-date it is 19.50% up and over the past year, the stock is showing an upside performance of 20.23%.

Currently, Fulton Financial Corp’s total number of outstanding shares is 181.96M. Company’s return on investment (ROI) stands at 5.68% and return on equity (ROE) at 9.86%. It has a price to earnings ratio (P/E ratio) of 12.40 while having a 11.30 of forward P/E ratio. Stock’s beta reads 0.80. Stock has a price to book (P/B) ratio of 1.19 while price to sale or P/S ratio amounts to 2.06. Its return on asset (ROA) is 0.95% on average.