Is Fidelity Covington Trust stock a buy?
What Is The Conclusion?
Right now our advanced algorithms say:
Do the analyst corps agree?
Interesting Questions and Easy Answers!
Yes, Fidelity Covington Trust pays dividends. Last time was Tuesday 24th of September 2024 where the investors holding the stock on Friday 20th of September 2024 were paid $0.007 per share. Over the last 2 times between 2022 and 2024, Fidelity Covington Trust has paid $0.19741 with an average of $0.1 per share.
Sorry, we do not have any analyst data for this ticker
We cannot find data for Fidelity Covington Trust 10 years ago, but if you had invested on Thursday 4th of February 2021 when the price was $20.46, you would have made a profit of $4.60 per share or 22.48%
No, the average daily trading liquidity for Fidelity Covington Trust is $29 401 thousand. Trading in stocks with this little trading liquidity is very dangerous, and you can get into a situation where it will be hard to trade your stocks. In addition, these types of stocks usually have very high volatility.
Fidelity Covington Trust has no real debt, which is good in periods of high inflation. The company is still not profitable, and high inflation will make it harder to become profitable as costs increase and consumer spending decreases.
We have calculated the inflation risk for Fidelity Covington Trust to be medium [0.6 of 1]
US inflation for August 2024 was 0.19%. Over the last 12 months, the US inflation is 2.59%. The 10-year treasury yield that indicates the future interest level is currently 4.41 and is up 0.05 over the last 30 days.