First Merchants Corp. [FRME] stock is trading at $33.99, down -0.23%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FRME shares have gain 3.44% over the last week, with a monthly amount drifted -0.93%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Merchants Corp. [NASDAQ: FRME] stock has seen the most recent analyst activity on February 21, 2023, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $50 for it. Previously, Raymond James upgraded its rating to Strong Buy on July 07, 2022. On December 13, 2021, upgrade upgraded it’s rating to Outperform but maintained its price target of $47 on the stock. Janney upgraded its rating to a Buy but stick to its price target of $48 on July 29, 2021. Raymond James upgraded its rating to a Outperform but $46 remained the price target by the analyst firm on February 01, 2021. Stephens upgraded its rating to Overweight for this stock on November 12, 2020, but kept the price target unchanged to $35. In a note dated June 17, 2020, Raymond James downgraded an Mkt Perform rating on this stock.
First Merchants Corp. [FRME] stock has fluctuated between $24.52 and $38.16 over the past year. First Merchants Corp. [NASDAQ: FRME] shares were valued at $33.99 at the most recent close of the market.
Analyzing the FRME fundamentals
First Merchants Corp. [NASDAQ:FRME] reported sales of 996.32M for the trailing twelve months, which represents a growth of 21.82%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.44%, Pretax Profit Margin comes in at 0.34%, and Net Profit Margin reading is 0.3%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.46.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.71 points at the first support level, and at 33.43 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.30, and for the 2nd resistance point, it is at 34.61.
Ratios To Look Out For
For context, First Merchants Corp.’s Current Ratio is 0.07. Considering the valuation of this stock, the price to sales ratio is 2.02, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 9.11.
Transactions by insiders
Recent insider trading involved Stewart Michael J, President, that happened on Mar 29 ’24 when 36.0 shares were purchased. Chief Information Officer, FLUHLER STEPHAN completed a deal on Feb 28 ’24 to sell 3193.0 shares. Meanwhile, Director Fehring Patrick J. sold 9904.0 shares on Feb 13 ’24.
