Let’s start up with the current stock price of First Horizon Corporation (FHN), which is $16.60 to be very precise. The Stock rose vividly during the last session to $16.70 after opening rate of $16.53 while the lowest price it went was recorded $16.445 before closing at $16.58.Recently in News on September 30, 2021, First Horizon Announces Organizational Changes. First Horizon Corporation (NYSE: FHN or the “Company”) today announced that effective November 1, 2021, Anthony Restel will become President of Regional Banking and continue to serve as interim Chief Financial Officer until a successor is named, Tammy LoCascio will become Chief Operating Officer and Tanya Hart will become Chief Human Resources Officer. You can read further details here
First Horizon Corporation had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $19.45 on 06/02/21, with the lowest value was $12.55 for the same time period, recorded on 01/04/21.
First Horizon Corporation (FHN) full year performance was 52.29%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, First Horizon Corporation shares are logging -14.65% during the 52-week period from high price, and 69.73% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $9.78 and $19.45.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 3335608 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the First Horizon Corporation (FHN) recorded performance in the market was 30.09%, having the revenues showcasing 1.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 9.03B, as it employees total of 6697 workers.
The Analysts eye on First Horizon Corporation (FHN)
During the last month, 11 analysts gave the First Horizon Corporation a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 16.63, with a change in the price was noted -2.07. In a similar fashion, First Horizon Corporation posted a movement of -11.09% for the period of last 100 days, recording 4,703,173 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for FHN is recording 0.22 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.22.
Technical rundown of First Horizon Corporation (FHN)
Raw Stochastic average of First Horizon Corporation in the period of last 50 days is set at 83.18%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 83.18%. In the last 20 days, the company’s Stochastic %K was 84.04% and its Stochastic %D was recorded 81.65%.
Considering, the past performance of First Horizon Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 30.09%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -4.43%, alongside a boost of 52.29% for the period of the last 12 months. The shares increased approximately by 0.30% in the 7-day charts and went down by 6.41% in the period of the last 30 days. Common stock shares were driven by 1.47% during last recorded quarter.