Setting Up For A Move Higher: F.N.B. Corporation (FNB), Gentex Corporation (GNTX) – The RNS Daily

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F.N.B. Corporation (NYSE:FNB) average daily volatility for this week is 1.97% which is less than the 2.18% recorded over the past month. Its shares dropped by -21.33% or -$3.18 from its last recorded high of $14.91 which it attained on December 03 to close at $11.73 per share. Over the past 52 weeks, the shares of F.N.B. Corporation has been trading as low as $9.35 before witnessing a massive surge by 25.45% or $2.38. This price movement has led to the FNB stock receiving more attention and has become one to watch out for. It jumped by 0.34% on Wednesday and this got the market excited. The stock’s beta now stands at 1.16 and when compared to its 200-day moving average and its 50-day moving average, FNB price stands -6.6% below and 6.36% above respectively.

F.N.B. Corporation (FNB) sank -0.68% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -15.49% and is now up by 19.21% since start of this year. A look at its monthly performance shows that the stock has recorded a 11.08% gain over the past 30 days. Its equity price dipped by -2.98% over the past three months which led to its overall six-month decrease to stand at -9.91%.

Experts from research firms are bullish about the near-term performance of F.N.B. Corporation with most of them predicting a $13.2 price target on a short-term (12 months) basis. The average price target by the analysts will see a 12.53% rise in the stock and would lead to FNB’s market cap to surge to $4.28B. The stock has been rated an average 0, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 12 analysts that track F.N.B. Corporation (NYSE:FNB) and find out that 4 of them rated it as a Hold. 8 of the 8 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at FNB technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 63.25 point. Its trading volume has lost -1676701 shares compared to readings over the past three months as it recently exchanged 1193299 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2870000 shares, and this is 0.42 times the normal volume.

The price of Gentex Corporation (NASDAQ:GNTX) currently stands at $20.77 after it went up by $0.01 or 0.05% and has found a strong support at $20.68 a share. If the GNTX price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $20.59 mark would also be bad for the stock as it means that the stock would plunge by 0.87% from its current position. However, if the stock price is able to trade above the resistance point around $20.89, then it could likely surge higher to try and break the upward resistance which stands at $21 a share. Its average daily volatility over the past one month stands at 2.29%. The stock has plunged by 0.31% from its 52-weeks high of $20.705 which it reached on Jun. 13, 2018. In general, it is 14.3% above its 52-weeks lowest point which stands at $17.8 and this setback was observed on Oct. 19, 2018.

Analysts have predicted a price target for Gentex Corporation (GNTX) for 1 year and it stands at an average $21.22/share. This means that it would likely increase by 2.17% from its current position. The current price of the stock has been moving between $20.705 and $20.91. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $11. On the other hand, one analyst is super bullish about the price, setting a target as high as $29.

The GNTX stock Stochastic Oscillator (%D) is at 6.07%, which means that it is currently oversold and its prices could jump very soon. The shares P/S ratio stands at 3 which compares to the 1.31 recorded by the industry or the 136.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 11.81, which is higher than the 11.5 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 21.3% over the past five years.

Analysts view Gentex Corporation (NASDAQ:GNTX) as a Hold, with 2.8 consensus rating. Reuters surveyed 10 analysts that follow GNTX and found that 4 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 2 analysts advised investors to desist from buying Gentex Corporation (GNTX) shares or sell it if they already own it.

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