First Horizon Corporation (NYSE:FHN) currently has a daily average trading volume of 6.15M but it saw 3114849 shares traded in last market. With a market cap of 10.08B USD, the company’s current market price of $19.60 came falling about -0.86 while comparing to the previous closing price of $19.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $22.44 and as low as $13.72. In the recent trading on the day, stock has struck highest price mark of $19.48 while lowest mark touched by it was $20.055.
Taking a look at 20-day trading activity of First Horizon Corporation (FHN) gives us an average price of $19.40, while its current price level is -12.66% below from 52-week high level whereas it is 42.91% 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 $20.70 while that of 200 days or SMA-200 reads an average of $18.10. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.34% during that period while stretching the period over a month that increases to 3.19%. 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 47.75 which implies that the stock is in neutral territory.
Wedbush downgraded its recommendation for the stock as a “Neutral” from “Outperform” on September 24, 2024 while assigning a price target range of $20-$17. Raymond James issued its recommendations for the stock as it downgraded the price target for the stock is $18.
Over the week, FHN’s stock price is moving 1.92% up while it is -5.18% when we observe its performance for the past one month. Year-to-date it is -2.68% down and over the past year, the stock is showing an upside performance of 30.93%.
The company is expected to be releasing its next quarterly report on 2025-Jan-15, for which analysts forecasted an EPS of 0.4 while estimate for next year EPS is 1.7. In next quarter, company is expected to be making quarterly sales of $839.24M as analysts are expecting the sales for current fiscal year at $3.38B and seeing the company making $3.55B in sales next year. Moreover, analysts are in estimates of $824.87M for current-quarter revenue.
Currently, First Horizon Corporation’s total number of outstanding shares is 524.28M with 1.03% of that held by the insiders while 87.74% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.13% and return on equity (ROE) at 8.70%. It has a price to earnings ratio (P/E ratio) of 14.45 while having a 10.28 of forward P/E ratio. Stock’s beta reads 0.61. Stock has a price to book (P/B) ratio of 1.22 while price to sale or P/S ratio amounts to 2.02. Its return on asset (ROA) is 0.95% on average.
