Fortis Inc. [FTS] stock prices are down -0.27% to $44.76 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FTS shares have gain 3.78% over the last week, with a monthly amount drifted -0.31%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Previously, JP Morgan downgraded its rating to Underweight on December 12, 2023. On December 14, 2022, upgrade upgraded it’s rating to Equal Weight. Raymond James upgraded its rating to a Outperform. Edward Jones downgraded its rating to a Hold. UBS downgraded its rating to Sell for this stock on June 30, 2022. In a note dated June 01, 2022, Wells Fargo downgraded an Underweight rating on this stock.
The stock price of Fortis Inc. [FTS] has been fluctuating between $36.86 and $46.06 over the past year. Currently, Wall Street analysts expect the stock to reach $50.86 within the next 12 months. Fortis Inc. [NYSE: FTS] shares were valued at $44.76 at the most recent close of the market. An investor can expect a potential return of 13.63% based on the average FTS price forecast.
Analyzing the FTS fundamentals
The Fortis Inc. [NYSE:FTS] reported sales of 8.41B for trailing twelve months, representing a surge of 1.03%. Gross Profit Margin for this corporation currently stands at 0.49% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.07 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.38.
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 44.52 points at the first support level, and at 44.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.98, and for the 2nd resistance point, it is at 45.21.
Ratios To Look Out For
It’s worth pointing out that Fortis Inc. [NYSE:FTS]’s Current Ratio is 0.69. Also, the Quick Ratio is 0.58, while the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 2.64, the price to book ratio is 1.42 and price to earnings (TTM) ratio is 19.00.
