FedEx Corporation, previously Federal Express Corporation and then FDX Corporation, is an American global conglomerate holding corporation located in Memphis, Tennessee, that focuses on transportation, e-commerce, and business services. The moniker “FedEx” is a syllable abbreviation of the former name of the company’s air division, Federal Express, which was used from 1973 until 2000. FedEx is best recognized today for its air delivery service, FedEx Express, which was the first major shipping company to provide overnight delivery as a hallmark service. FedEx has now launched FedEx Ground, FedEx Office (formerly known as Kinko’s), FedEx Supply Chain, FedEx Freight, and a variety of additional services through its different subsidiaries, typically in response to its major competitor, UPS.
FedEx Corp. is a holding corporation that provides a variety of transportation, e-commerce, and commercial services. FedEx Express, FedEx Ground, FedEx Freight, FedEx Services, and Corporate, Other, and Eliminations are its business segments. FedEx Express provides local and international shipping services for package and freight delivery. FedEx Ground specializes in small-package ground delivery services. FedEx Freight provides less-than-truckload freight services across all distances. Sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and various back-office tasks are all provided by the FedEx Services segment.
Prices
FedEx Corp. stock finished at $268.45, with a total market value of $6 billion.43 million (44M shares outstanding). FedEx Corp. trades on the New York Stock Exchange under the symbol FDX. FedEx Corp.’s stock price has risen 1.55% in the last 24 horp.’s FedEx Corp. stock price for positive. now positive.FedEx Corp.’s trailing twelve-month dividend rate is $ 4.17 per share, yielding 0.02%.
The gross margin is 60.30%, while the operating and profit margins are 5.45% and 4.41%, respectively. Operating cash flow was $8.85 billion in the previous year, while capital expenditures were -$6.17 billion, for a free cash flow of $2.67 billion.
The firm now has $6.86 billion in cash and $38.33 billion in debt, for a net cash position of -$31.48 billion, or -$125.31 per share. .FedEx generated $90.16 billion in sales and $3.97 billion in earnings in the previous year. Profit per share was $15.48. The most recent short interest is $4.79 million, representing 1.91% of all outstanding shares. In the previous 52 weeks, the stock price has risen by +17.13%. FedEx’s beta is 1.36, indicating that its price volatility has been higher than the market average.
Analysis
On the daily charts, FDX showed a comeback from the $160 lows around the demand zone and created a rising parallel channel, resulting in a bounce. Furthermore, the stock broke past its significant moving average, indicating the power of the purchasers.
According to the stock technicals, experts are maintaining buy ratings, which has given investors a good reaction, and demand is increasing day by day.
The RSI curve remained above the overbought level, generating a positive crossing that demonstrates buyer dominance on the charts and reflects bullishness from previous sessions.
The MACD indicator displayed a bullish crossing with green bars, indicating that the stock is likely to gain in the short term.
On the Daily Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for FedEx (FDX) is 5.55, indicating that FedEx is a Buy.
- FedEx (FDX) has a 20-day exponential moving average of 260.78 and a share price of $268.26, making it a Buy.
- FedEx (FDX) has a 50-day exponential moving average of 249.15 and a share price of $268.26, making it a Buy.
On the Weekly Chart:
- The Moving Averages Convergence Divergence (MACD) indicator for FedEx (FDX) is 16.75, indicating that FedEx is a sell.
- FedEx (FDX) has a 20-day exponential moving average of 239.08 and a share price of $268.26, making it a Buy.
- FedEx (FDX) has a 50-day exponential moving average of 221.42, and its share price is $268.26, making it a Buy.
Indicators:
- The Relative Strength Index (RSI) for FedEx (FDX) is 75.19, indicating a Sell signal.
- The Trend Strength Indicator (ADX) for FedEx (FDX) is 25.41, indicating a Neutral signal.
- The Commodity Channel Index (CCI) for FedEx (FDX) is 139.04, indicating a Sell signal.
- The Price Rate of Change (ROC) for FedEx (FDX) is 18.44, indicating a Buy recommendation.
Prediction
Our current FDX stock projection predicts that the value of FedEx shares will fall by -3.16% to $259.97 per share by August 14, 2023. The present attitude is Bullish, according to our technical indicators, but the Fear and Greed Index is 39 (Fear). Over the previous 30 days, FDX stock had 17/30 (57%) green days and 2.99% price volatility. According to our FedEx stock forecast, it’s presently a terrible time to purchase FDX stock because it’s trading 3.26% higher than we predicted.
FedEx Stock Forecast 2025
FedEx’s stock forecast for 2025 is now $327.51, assuming that FedEx shares will continue to increase at the same average annual rate as in the previous ten years. The FDX stock price would rise by 22.00% as a result.
FedEx Stock Forecast for 2030
If the FedEx stock continues to increase at its current 10-year average pace, it will be worth $538.47 in 2030. If this FedEx stock forecast for 2030 comes true, FDX stock will increase by 100.59% from its present price.
