First Horizon Corporation (NYSE:FHN) shares, rose in value, with the stock price down by -1.44% to the previous day’s close as strong demand from buyers drove the stock to $19.89.
Actively observing the price movement in the last trading, the stock closed the session at $20.18. The PE ratio was 13.88 over 12-month period. Referring to stock’s 52-week performance, its high was $22.44, and the low was $14.09. On the whole, FHN has fluctuated by 10.50% over the past month.
With the market capitalization of First Horizon Corporation currently standing at about $10.09 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.60, with its dividend yield at 3.02%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.35B, with a low estimate of 823.82M and a high estimate of 843.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 832.95M.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 1.34, with the price of FHN currently trading nearly 1.89% and 6.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.55, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.78%. Furthermore, First Horizon Corporation (FHN)’s beta value is 0.63, 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 -1.44% in last session, and over the past year, it grew by 26.69%%.
Data on historical trading for First Horizon Corporation (NYSE:FHN) indicates that the trading volumes over the past 3 months, they’ve averaged 6.20 million. According to company’s latest data on outstanding shares, there are 507.32 million shares outstanding.
Nearly 1.38% of First Horizon Corporation’s shares belong to company insiders and institutional investors own 86.41% of the company’s shares. The stock has fallen by -1.24% 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.
