Firstenergy Corp (NYSE: FE) Drops -2.63% Over A Month, But Analysts Still See Upside Potential

Firstenergy Corp (NYSE:FE) currently has a daily average trading volume of 4.91M but it saw 4836053 shares traded in last market. With a market cap of 22.81B USD, the company’s current market price of $39.56 came falling about -0.85 while comparing to the previous closing price of $39.90. In past 52 weeks, the stock remained buoying in the range of price level as high as $44.97 and as low as $36.81. In the recent trading on the day, stock has struck highest price mark of $39.41 while lowest mark touched by it was $40.025.

Taking a look at 20-day trading activity of Firstenergy Corp (FE) gives us an average price of $39.98, while its current price level is -12.03% below from 52-week high level whereas it is 7.47% 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 $39.89 while that of 200 days or SMA-200 reads an average of $41.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.93% during that period while stretching the period over a month that increases to 2.38%. 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 48.61 which implies that the stock is in neutral territory.

Scotiabank upgraded its recommendation for the stock as a “Sector Outperform” from “Sector Perform” on December 12, 2024 while assigning a price target of $50.

Over the week, FE’s stock price is moving 3.53% up while it is -2.63% when we observe its performance for the past one month. Year-to-date it is -0.55% down and over the past year, the stock is showing an upside performance of 4.24%.

Currently, Firstenergy Corp’s total number of outstanding shares is 576.61M. Company’s return on investment (ROI) stands at 2.78% and return on equity (ROE) at 8.54%. It has a price to earnings ratio (P/E ratio) of 23.32 while having a 14.00 of forward P/E ratio. Stock’s beta reads 0.40. Stock has a price to book (P/B) ratio of 1.83 while price to sale or P/S ratio amounts to 1.69. Its return on asset (ROA) is 1.94% on average.