The stock of CenterPoint Energy Inc. (CNP) has gone up by 5.20% for the week, with a 0.17% rise in the past month and a -5.11% drop in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are 2.27% for CNP. The simple moving average for the last 20 days is 3.22% for CNP stock, with a simple moving average of -1.90% for the last 200 days.
Is It Worth Investing in CenterPoint Energy Inc. (NYSE: CNP) Right Now?
CenterPoint Energy Inc. (NYSE: CNP) has a price-to-earnings ratio of 18.37x that is above its average ratio. Additionally, the 36-month beta value for CNP is 0.88. There are mixed opinions on the stock, with 12 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for CNP is $32.00, which is $2.59 above the current price. The public float for CNP is 628.70M and currently, short sellers hold a 1.51% ratio of that float. The average trading volume of CNP on March 17, 2023 was 3.64M shares.
CNP) stock’s latest price update
CenterPoint Energy Inc. (NYSE: CNP)’s stock price has increased by 0.83 compared to its previous closing price of 29.09. Nevertheless, the company has seen a 5.20% surge in its stock price over the last five trading sessions.
Analysts’ Opinion of CNP
The stock of CenterPoint Energy Inc. (CNP) has gone up by 5.20% for the week, with a 0.17% rise in the past month and a -5.11% drop in the past quarter. The volatility ratio for the week is 2.84%, and the volatility levels for the past 30 days are 2.27% for CNP. The simple moving average for the last 20 days is 3.22% for CNP stock, with a simple moving average of -1.90% for the last 200 days.
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with Guggenheim repeating the rating for CNP by listing it as a “Neutral.” The predicted price for CNP in the upcoming period, according to Guggenheim is $32 based on the research report published on January 23rd of the current year 2023.
Credit Suisse gave a rating of “Outperform” to CNP, setting the target price at $34 in the report published on April 26th of the previous year.
CNP Trading at -0.01% from the 50-Day Moving Average
After a stumble in the market that brought CNP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.45% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.84%, as shares surge +0.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.78% lower at present.
During the last 5 trading sessions, CNP rose by +5.20%, which changed the moving average for the period of 200-days by -9.53% in comparison to the 20-day moving average, which settled at $28.42. In addition, CenterPoint Energy Inc. saw -2.20% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CNP starting from Smitherman Barry T, who purchase 8,005 shares at the price of $28.38 back on Nov 07. After this action, Smitherman Barry T now owns 20,534 shares of CenterPoint Energy Inc., valued at $227,167 using the latest closing price.
Smitherman Barry T, the Director of CenterPoint Energy Inc., sale 16,347 shares at $31.23 during a trade that took place back on May 05, which means that Smitherman Barry T is holding 12,529 shares at $510,576 based on the most recent closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- +16.80 for the present operating margin
- +22.63 for the gross margin
The net margin for CenterPoint Energy Inc. stands at +11.34. Equity return is now at value 10.90, with 2.70 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.92.
Conclusion
In conclusion, CenterPoint Energy Inc. (CNP) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
