Fortis Inc (NYSE:FTS) shares, rose in value on Friday, June 20, with the stock price down by -0.59% to the previous day’s close as strong demand from buyers drove the stock to $47.05.
Actively observing the price movement in the last trading, the stock closed the session at $47.33. The PE ratio was 19.83 over 12-month period. Referring to stock’s 52-week performance, its high was $50.06, and the low was $38.15. On the whole, FTS has fluctuated by -1.55% over the past month.
With the market capitalization of Fortis Inc currently standing at about $23.60 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-May-07. The company’s Forward Dividend Ratio is 1.74, with its dividend yield at 3.71%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FTS’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 PEG ratio is about 3.73, with the price of FTS currently trading nearly -1.80% and -1.73% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.16, while the 7-day volatility ratio is showing 0.37% which for the 30-day chart, stands at 0.81%. Furthermore, Fortis Inc (FTS)’s beta value is 0.46, and its average true range (ATR) is 0.65.
A comparison of Fortis Inc (FTS) with its peers suggests the former has fared considerably weaker in the market. FTS showed an intraday change of -0.59% in last session, and over the past year, it grew by 21.33%%.
Data on historical trading for Fortis Inc (NYSE:FTS) indicates that the trading volumes over the past 3 months, they’ve averaged 592.93K. According to company’s latest data on outstanding shares, there are 501.60 million shares outstanding.
Nearly 0.12% of Fortis Inc’s shares belong to company insiders and institutional investors own 56.50% of the company’s shares. The stock has risen by 13.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FTS stock heading into the next quarter.
