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Firstenergy Corp. (NYSE:FE) 0.94% Up Over A Week, Can The Stock Hit Well Above $0.45?

In recent trading session, Firstenergy Corp. (NYSE:FE) saw 2.72 million shares changing hands at last check today with its beta currently measuring 0.47. Company’s recent per share price level of $37.13 trading at $1.34 or 3.76% at last check today assigns it a market valuation of $21.31B. That most recent trading price of FE’s stock is at a discount of -13.09% from its 52-week high price of $41.99 and is indicating a premium of 13.33% from its 52-week low price of $32.18. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 3.29 million shares which gives us an average trading volume of 3.79 million if we extend that period to 3-months.

Firstenergy Corp. (NYSE:FE) trade information

Upright in the green today for gaining 3.76%, in the last five days FE remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $37.13 price level, adding 1.09% to its value on the day. Firstenergy Corp.’s shares saw a change of 1.30% in year-to-date performance and have moved 0.94% in past 5-day. Firstenergy Corp. (NYSE:FE) showed a performance of -4.14% in past 30-days. Number of shares sold short was 11.85 million shares which calculate 3.04 days to cover the short interests.

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Firstenergy Corp. (FE) estimates and forecasts

Statistics highlight that Firstenergy Corp. is scoring comparatively lower than the scores of other players of the relevant industry. The company added 2.30% of value to its shares in past 6 months, showing an annual growth rate of 4.69% while that of industry is 5.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 13.30% in the current quarter and calculating 12.80% increase in the next quarter. This year revenue growth is estimated to rise 4.40% from the last financial year’s standing.

2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $3.26 billion for the same. And 2 analysts are in estimates of company making revenue of $3.03 billion in the next quarter that will end on Jun 2024. Company posted $3.23 billion and $3.01 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 0.90% while estimating it to be 0.90% for the next quarter.

FE Dividends

Firstenergy Corp. is more likely to be releasing its next quarterly report on February 09 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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