Firstenergy Corp (NYSE:FE) shares, rose in value, with the stock price down by -2.16% to the previous day’s close as strong demand from buyers drove the stock to $41.19.
Actively observing the price movement in the last trading, the stock closed the session at $42.10. The PE ratio was 21.91 over 12-month period. Referring to stock’s 52-week performance, its high was $44.97, and the low was $37.58. On the whole, FE has fluctuated by -3.58% over the past month.
With the market capitalization of Firstenergy Corp currently standing at about $23.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.72, with its dividend yield at 4.18%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FE’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 Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 6.64, with the price of FE currently trading nearly -2.78% and -0.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.03, while the 7-day volatility ratio is showing 1.10% which for the 30-day chart, stands at 1.10%. Furthermore, Firstenergy Corp (FE)’s beta value is 0.38, and its average true range (ATR) is 0.74.
A comparison of Firstenergy Corp (FE) with its peers suggests the former has fared considerably weaker in the market. FE showed an intraday change of -2.16% in last session, and over the past year, it grew by 5.24%%.
Data on historical trading for Firstenergy Corp (NYSE:FE) indicates that the trading volumes over the past 3 months, they’ve averaged 5.57 million. According to company’s latest data on outstanding shares, there are 577.16 million shares outstanding.
Nearly 0.30% of Firstenergy Corp’s shares belong to company insiders and institutional investors own 89.53% of the company’s shares. The stock has risen by 3.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FE stock heading into the next quarter.
