FedEx Corporation (NYSE:FDX) shares traded higher over the last trading session, gaining 4.91% on 05/03/21. The shares fell to a low of $294.20 before closing at $304.55. Intraday shares traded counted 4.54 million, which was -101.87% lower than its 30-day average trading volume of 2.25M. FDX’s previous close was $290.31 while the outstanding shares total 265.00M. The firm has a beta of 1.27, a 12-month trailing P/E ratio of 26.97, and a growth ratio of 0.92. The stock’s Relative Strength Index (RSI) is 67.35, with weekly volatility at 2.52% and ATR at 7.05. The FDX stock’s 52-week price range has touched low of $103.40 and a $305.66 high.
Investors have identified the Integrated Freight & Logistics company FedEx Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $82.41 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
FedEx Corporation (FDX) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For FDX, the company has in raw cash 8.86 billion on their books with 646.0 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 21.71 billion total, with 13.57 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 19.82 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on FDX sounds very interesting.
Is the stock of FDX attractive?
In related news, President/CEO FedEx Express, Colleran Donald F sold 17,150 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 300.52, for a total value of 5,153,880. As the sale deal closes, the EVP – Chief Sales Officer, Brannon Jill now sold 1,101 shares of the company’s stock, valued at 333,603. Also, EVP GENL COUNSEL/SECTY, Allen Mark R sold 15,445 shares of the company’s stock in a deal that was recorded on May 03. The shares were price at an average price of 301.70 per share, with a total market value of 4,659,813. Following this completion of acquisition, the Chairman/CEO, SMITH FREDERICK W now holds 102,000 shares of the company’s stock, valued at 29,582,236. In the last 6 months, insiders have changed their ownership in shares of company stock by 5.50%.
20 out of 30 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on FedEx Corporation. 0 analysts has assigned a Sell rating on the FDX stock. The 12-month mean consensus price target for the company’s shares has been set at $328.90.