The Edison International (NYSE:EIX) is going up by 0.10% in today’s trading session, a rise equivalent to 0.07% of the stock’s price from yesterday’s market close. A news came out on 08/02/19 stating that Southern California Edison Raises Cash to Finance Its Share of a New Wildfire Fund by BARRONS. The lowest point that the shares touched during the trading session was $72.62, while the peak of the day was recorded at a share price of $74.09. EIX finished the previous session at $73.07 according to the data provided by Barchart, while the trading volume was observed to be $1,528,274.
In the 100 days of trading, EIX managed to top a 64.93% Moving average. Additionally, Edison International shares have achieved a 52-week range between 45.50 and 75.39 alongside 100 days raw stochastic set at 86.14%.
The number of shares outstanding, according to the fundamentals of the company, is set at 361.65M, equal to the value of $26.43B in market capitalization. Financial analysts indicate that EIX shares should be still ranked as a “Outperform”. In the last 30 days, Edison International shares went down by -3.16%, adding 75.39 to growth in value, on top of a +5.83% boost since 07/12/19.
Edison International (NYSE:EIX) Analyst’s Estimates
Edison International (EIX) could record at least $1.61 per share in quarterly earnings in the upcoming report on 10/29/2019, a number that would actually represent a decrease of -2.30% YOY.
According to the average analyst rating, Edison International would be rated as 2.13. Out of 15 different analysts monitoring EIX stock, 4 analysts rate the stock as a BUY, 6 suggest to give the rating of HOLD, 5 indicate that EIX is an OUTPERFORM, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERPERFORM.
On Jun-04-19, the stock earned a Upgrade rating due to a new analyst call from UBS, while analysts from Wolfe Research believe that the stock is set at Outperform from Peer Perform, as concluded on May-06-19. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Neutral as confirmed through a call on Mar-01-19.
Regardless of the rating, Wells Fargo did increase their price to $65 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Jan-15-19, giving the stock a Underperform from the Neutral rating.
EIX Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +20.41% has been attained, while the operating margin has been recorded at +17.29%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.84%. Beta value of the stock is recorded at 0.13. Additionally, Edison International is recording price volatility of 2.03% for the period of the last seven days and 2.30% in the last 30 days.
Edison International (NYSE:EIX) Technical Outlook
For the period of the last 50 days, Edison International had its Raw Stochastic average set at 85.81% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 62.81%. Stochastic %K for Edison International, with the last 20 days included, was set at 70.26%, having Stochastic %D topping 80.09%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Edison International stocks with recording 8.38% in metrics.
Edison International Insider Watch:
As far as the position of shares issued by Edison International (NYSE:EIX) for the period concluded at the market close of 08/12/19, 277 institutional investors increased their positions in EIX shares by 19,074,866, 278 decreased positions by 24,272,994 and 114 institutional investors decided to hold positions at 229,309,992. These numbers put the complete list of institutional holdings set at 272,657,852 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 77 institutional investments with 4,981,636 new shares in addition to having 65 institutional investors selling their positions in 2,014,532 shares.