Fidelity National Financial Inc (NYSE:FNF) shares, rose in value on Friday, December 13, with the stock price down by -0.07% to the previous day’s close as strong demand from buyers drove the stock to $59.96.
Actively observing the price movement in the last trading, the stock closed the session at $60.00, falling within a range of $59.69 and $60.4. The value of beta (5-year monthly) was 1.404 whereas the PE ratio was 21.78 over 12-month period. Referring to stock’s 52-week performance, its high was $64.83, and the low was $46.55. On the whole, FNF has fluctuated by -1.33% over the past month.
With the market capitalization of Fidelity National Financial Inc currently standing at about $16.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 3.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 13.38B, with a low estimate of 3.18B and a high estimate of 3.5B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FNF’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of FNF currently trading nearly -2.75% and -1.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.94, while the 7-day volatility ratio is showing 1.91% which for the 30-day chart, stands at 1.86%. Furthermore, Fidelity National Financial Inc (FNF)’s beta value is 1.39, and its average true range (ATR) is 1.19.
A comparison of Fidelity National Financial Inc (FNF) with its peers suggests the former has fared considerably weaker in the market. FNF showed an intraday change of -0.07% in last session, and over the past year, it grew by 24.92%%.
Data on historical trading for Fidelity National Financial Inc (NYSE:FNF) indicates that the trading volumes over the past 10 days have averaged 0.92 and over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 274.00 million shares outstanding.
Nearly 6.23% of Fidelity National Financial Inc’s shares belong to company insiders and institutional investors own 79.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.96 million shares as on 2023-02-15, resulting in a short ratio of 3.37. According to the data, the short interest in Fidelity National Financial Inc (FNF) stood at 176.00 of shares outstanding as of 2023-02-15; the number of short shares registered in 2022-12-30 reached 4.12 million. The stock has risen by 17.52% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FNF stock heading into the next quarter.
