Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. First Horizon Corporation’s current trading price is -8.15% away from its 52-week high, while its distance from the 52-week low is 54.05%. The stock’s price range during this period has varied between $12.95 and $21.72. The company, active in the Financial sector, saw a trading volume of around 4.77 million for the day, considerably lower average daily volume of 6.75 million observed over the last three months.
First Horizon Corporation had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $21.72 on 11/25/24, while the lowest price during the same period was $12.95 on 01/17/24.
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How Financial Performance Impacts Market Capitalization
First Horizon Corporation (FHN) has experienced a quarterly rise of 26.59% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 10.58B and boasts a workforce of 7249 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 17.32, with a change in price of +2.82. Similarly, First Horizon Corporation recorded 5,939,815 in trading volume during the last 100 days, posting a change of +16.46%.
How FHN’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FHN stands at 0.42. Similarly, the long-term debt-to-equity ratio is also 0.13.
FHN Stock Stochastic Average
As of today, the raw stochastic average of First Horizon Corporation over the last 50 days is at 72.17%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 10.15%. Further, the company’s Stochastic %K and %D values for the last 20 days were 18.16% and 24.99%, respectively.
FHN Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 40.89%. However, over the past six months, we’ve seen a weaker performance of 38.06%. The price of FHN leaped by -2.01% over the last 30 days. And in the last five days, it has fallen by -1.09%.
