First Merchants Corp [FRME] stock prices are up 15.79% to $43.41 at the moment. 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 15.05% over the last week, with a monthly amount glided 20.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Stephens downgraded its rating to Equal-Weight on August 07, 2024, and dropped its price target to $38. On February 21, 2023, downgrade downgraded it’s rating to Outperform but maintained its price target of $50 on the stock. Raymond James upgraded its rating to a Strong Buy. Hovde Group upgraded its rating to a Outperform but $47 remained the price target by the analyst firm on December 13, 2021. Janney upgraded its rating to Buy for this stock on July 29, 2021, but kept the price target unchanged to $48. In a note dated February 01, 2021, Raymond James upgraded an Outperform rating on this stock but restated the target price of $46.
The stock price of First Merchants Corp [FRME] has been fluctuating between $28.08 and $42.44 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. First Merchants Corp [NASDAQ: FRME] shares were valued at $43.41 at the most recent close of the market. An investor can expect a potential return of 5.97% based on the average FRME price forecast.
Analyzing the FRME fundamentals
The First Merchants Corp [NASDAQ:FRME] reported sales of 1.06B for trailing twelve months, representing a surge of 3.40%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.21%, Pretax Profit Margin comes in at 0.19%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.47.
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 41.10 points at the first support level, and at 38.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.62, and for the 2nd resistance point, it is at 45.82.
Ratios To Look Out For
It’s worth pointing out that First Merchants Corp [NASDAQ:FRME]’s Current Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 2.41, the price to book ratio is 1.11 and price to earnings (TTM) ratio is 14.38.
Transactions by insiders
Recent insider trading involved HARDWICK MARK K, Chief Executive Officer, that happened on Aug 09 ’24 when 11833.0 shares were sold. Officer, Mark K Hardwick completed a deal on Aug 09 ’24 to buy 11833.0 shares. Meanwhile, Director Fehring Patrick J. sold 23936.0 shares on May 30 ’24.
