Duke Energy Corporation (NYSE: DUK)’s stock price has increased by 0.38 compared to its previous closing price of 96.83. Despite this, the company has experienced a 3.16% gain in its stock price over the last five trading sessions. MarketWatch.com reported on 02/08/23 that Biden claims green-job surge in State of the Union — is his boast justified?
Is It Worth Investing in Duke Energy Corporation (NYSE: DUK) Right Now?
The price-to-earnings ratio for Duke Energy Corporation (NYSE: DUK) is above average at 19.87x, while the 36-month beta value is 0.42.Analysts have differing opinions on the stock, with 5 analysts rating it as a “buy,” 1 as “overweight,” 11 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Duke Energy Corporation (DUK) is $106.07, which is $10.92 above the current market price. The public float for DUK is 769.27M, and currently, short sellers hold a 1.04% ratio of that floaft. The average trading volume of DUK on March 17, 2023 was 2.91M shares.
DUK’s Market Performance
DUK stock saw a decrease of 3.16% in the past week, with a monthly decline of -2.28% and a quarterly a decrease of -5.72%. The volatility ratio for the week is 2.79%, and the volatility levels for the last 30 days are 2.17% for Duke Energy Corporation (DUK). The simple moving average for the last 20 days is 1.55% for DUK stock, with a simple moving average of -4.46% for the last 200 days.
Analysts’ Opinion of DUK
Many brokerage firms have already submitted their reports for DUK stocks, with Seaport Research Partners repeating the rating for DUK by listing it as a “Sell.” The predicted price for DUK in the upcoming period, according to Seaport Research Partners is $91 based on the research report published on November 21st of the previous year 2022.
Credit Suisse, on the other hand, stated in their research note that they expect to see DUK reach a price target of $114, previously predicting the price at $112. The rating they have provided for DUK stocks is “Neutral” according to the report published on August 05th, 2022.
UBS gave a rating of “Neutral” to DUK, setting the target price at $112 in the report published on June 30th of the previous year.
DUK Trading at -2.45% from the 50-Day Moving Average
After a stumble in the market that brought DUK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -16.44% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.79%, as shares sank -2.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.27% lower at present.
During the last 5 trading sessions, DUK rose by +3.16%, which changed the moving average for the period of 200-days by -15.03% in comparison to the 20-day moving average, which settled at $95.62. In addition, Duke Energy Corporation saw -5.62% 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 DUK starting from Renjel Louis E., who sale 1,900 shares at the price of $99.90 back on Feb 13. After this action, Renjel Louis E. now owns 9,967 shares of Duke Energy Corporation, valued at $189,812 using the latest closing price.
YOUNG STEVEN K, the EVP & CCO of Duke Energy Corporation, sale 415 shares at $100.84 during a trade that took place back on Dec 01, which means that YOUNG STEVEN K is holding 111,997 shares at $41,849 based on the most recent closing price.
Stock Fundamentals for DUK
Current profitability levels for the company are sitting at:
- +22.33 for the present operating margin
- +27.43 for the gross margin
The net margin for Duke Energy Corporation stands at +13.46. Equity return is now at value 5.10, with 1.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
In a nutshell, Duke Energy Corporation (DUK) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
