With 0.59 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.62 million shares. The 52-week range on FN shows that it touched its highest point at $281.79 and its lowest point at $159.69 during that stretch. It currently has a 1-year price target of $264.12. Beta for the stock currently stands at 0.99.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FN was down-trending over the past week, with a drop of -6.80%, but this was down by -11.96% over a month. Three-month performance dropped to -15.72% while six-month performance fell -21.62%. The stock lost -11.70% in the past year, while it has lost -13.43% so far this year. A look at the trailing 12-month EPS for FN yields 8.94 with Next year EPS estimates of 11.65. For the next quarter, that number is 2.60. This implies an EPS growth rate of 15.92% for this year and 13.16% for next year. EPS is expected to grow by 15.87% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.77%.
Float and Shares Shorts:
At present, 35.98 million FN shares are outstanding with a float of 35.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FN since 5 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $8.73088 being high and $8.69092 being low. For FN, this leads to a yearly average estimate of $8.7109. Based on analyst estimates, the high estimate for the next quarter is $2.8 and the low estimate is $2.6. The average estimate for the next quarter is thus $2.7.
Summary of Insider Activity:
Insiders traded FN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
