NiSource Inc. (NYSE: NI) has a higher price-to-earnings ratio of 16.49x compared to its average ratio, and the 36-month beta value for NI is at 0.46. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The average price suggested by analysts for NI is $30.70, which is $3.33 above the current market price. The public float for NI is 404.59M, and currently, shorts hold a 1.55% of that float. The average trading volume for NI on March 17, 2023 was 3.74M shares.
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NI) stock’s latest price update
NiSource Inc. (NYSE: NI)’s stock price has decreased by -1.38 compared to its previous closing price of 27.96. Nevertheless, the company has seen a 3.24% surge in its stock price over the last five trading sessions.
NI’s Market Performance
NiSource Inc. (NI) has seen a 3.24% rise in stock performance for the week, with a 2.13% gain in the past month and a -0.88% plunge in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 2.41% for NI. The simple moving average for the last 20 days is 0.53% for NI stock, with a simple moving average of -1.24% for the last 200 days.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with Credit Suisse repeating the rating for NI by listing it as a “Outperform.” The predicted price for NI in the upcoming period, according to Credit Suisse is $27 based on the research report published on November 09th of the previous year 2022.
Credit Suisse gave a rating of “Neutral” to NI, setting the target price at $32 in the report published on April 26th of the previous year.
NI Trading at 0.66% from the 50-Day Moving Average
After a stumble in the market that brought NI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -15.38% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares surge +2.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.63% lower at present.
During the last 5 trading sessions, NI rose by +3.35%, which changed the moving average for the period of 200-days by -12.23% in comparison to the 20-day moving average, which settled at $27.47. In addition, NiSource Inc. saw 0.57% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NI
Current profitability levels for the company are sitting at:
- +19.85 for the present operating margin
- +49.90 for the gross margin
The net margin for NiSource Inc. stands at +13.74. Equity return is now at value 13.00, with 3.00 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
In conclusion, NiSource Inc. (NI) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.