The stock price of CenterPoint Energy Inc. (NYSE: CNP) has surged by 1.09 when compared to previous closing price of 28.55, but the company has seen a -0.28% decline in its stock price over the last five trading sessions.
Is It Worth Investing in CenterPoint Energy Inc. (NYSE: CNP) Right Now?
CenterPoint Energy Inc. (NYSE: CNP) has a higher price-to-earnings ratio of 22.72x compared to its average ratio, and the 36-month beta value for CNP is at 0.89. Analysts have varying views on the stock, with 11 analysts rating it as a “buy,” 0 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
25-cent Stock Takes $11T Commodities Sector Digital
One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.
All the details are in the FREE online report you can get here.
Sponsored
The average price suggested by analysts for CNP is $32.54, which is $3.56 above the current market price. The public float for CNP is 628.70M, and currently, shorts hold a 1.31% of that float. The average trading volume for CNP on May 24, 2023 was 3.91M shares.
CNP’s Market Performance
CNP stock saw a decrease of -0.28% in the past week, with a monthly decline of -6.33% and a quarterly a decrease of 0.03%. The volatility ratio for the week is 1.45%, and the volatility levels for the last 30 days are 1.88% for CenterPoint Energy Inc. (CNP). The simple moving average for the past 20 days is -3.37% for CNP’s stock, with a -3.32% simple moving average for the past 200 days.
CNP Trading at -2.76% 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 -13.85% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares sank -6.39% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.30% upper at present.
During the last 5 trading sessions, CNP fell by -0.28%, which changed the moving average for the period of 200-days by -8.29% in comparison to the 20-day moving average, which settled at $29.77. In addition, CenterPoint Energy Inc. saw -3.77% 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 sale 5,000 shares at the price of $30.51 back on May 08. After this action, Smitherman Barry T now owns 21,075 shares of CenterPoint Energy Inc., valued at $152,548 using the latest closing price.
Pound Ted, the Director of CenterPoint Energy Inc., sale 2,770 shares at $30.50 during a trade that took place back on May 05, which means that Pound Ted is holding 46,541 shares at $84,485 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. The total capital return value is set at 5.81, while invested capital returns managed to touch 4.24. Equity return is now at value 8.60, with 2.20 for asset returns.
Based on CenterPoint Energy Inc. (CNP), the company’s capital structure generated 173.80 points at debt to equity in total, while total debt to capital is 63.48. Total debt to assets is 44.45, with long-term debt to equity ratio resting at 160.51. Finally, the long-term debt to capital ratio is 54.01.
When we switch over and look at the enterprise to sales, we see a ratio of 3.73, with the company’s debt to enterprise value settled at 0.48. The receivables turnover for the company is 6.48 and the total asset turnover is 0.24. 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 had a bad performance lately. Opinion on the stock among analysts is mixed, 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.
