First Horizon Corporation (NYSE:FHN) shares, rose in value on Wednesday, January 22, with the stock price down by -1.96% to the previous day’s close as strong demand from buyers drove the stock to $20.99.
Actively observing the price movement in the last trading, the stock closed the session at $21.41, falling within a range of $20.99 and $21.455. The value of beta (5-year monthly) was 0.882 whereas the PE ratio was 15.52 over 12-month period. Referring to stock’s 52-week performance, its high was $21.82, and the low was $13.45. On the whole, FHN has fluctuated by 9.84% over the past month.
With the market capitalization of First Horizon Corporation currently standing at about $11.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 2.86%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.38B, with a low estimate of 793.66M and a high estimate of 837.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 821.9M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FHN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 PEG ratio is about 1.85, with the price of FHN currently trading nearly 2.11% and 2.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.25, while the 7-day volatility ratio is showing 2.93% which for the 30-day chart, stands at 2.58%. Furthermore, First Horizon Corporation (FHN)’s beta value is 0.94, and its average true range (ATR) is 0.56.
A comparison of First Horizon Corporation (FHN) with its peers suggests the former has fared considerably weaker in the market. FHN showed an intraday change of -1.96% in last session, and over the past year, it grew by 49.08%%.
Data on historical trading for First Horizon Corporation (NYSE:FHN) indicates that the trading volumes over the past 10 days have averaged 6.43 and over the past 3 months, they’ve averaged 6.13 million. According to company’s latest data on outstanding shares, there are 524.00 million shares outstanding.
Nearly 1.28% of First Horizon Corporation’s shares belong to company insiders and institutional investors own 82.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.71 million shares as on 2024-12-31, resulting in a short ratio of 1.94. According to the data, the short interest in First Horizon Corporation (FHN) stood at 285.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 10.28 million. The stock has risen by 4.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FHN stock heading into the next quarter.
