The stock of Eversource Energy (NYSE: ES) has decreased by -1.31 when compared to last closing price of 71.80. Despite this, the company has experienced a -3.75% fall in its stock price over the last five trading sessions.
Is It Worth Investing in Eversource Energy (NYSE: ES) Right Now?
Eversource Energy (NYSE: ES) has a price-to-earnings ratio of 17.00x that is above its average ratio. Additionally, the 36-month beta value for ES is 0.49.
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The average price predicted by analysts for ES is $88.31, which is $17.52 above the current price. The public float for ES is 347.02M and currently, short sellers hold a 1.20% ratio of that float. The average trading volume of ES on May 26, 2023 was 1.87M shares.
ES’s Market Performance
ES stock saw a decrease of -3.75% in the past week, with a monthly decline of -8.58% and a quarterly a decrease of -8.43%. The volatility ratio for the week is 1.62%, and the volatility levels for the last 30 days are 1.78% for Eversource Energy (ES). The simple moving average for the past 20 days is -6.37% for ES’s stock, with a -12.33% simple moving average for the past 200 days.
ES Trading at -7.94% from the 50-Day Moving Average
After a stumble in the market that brought ES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.94% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares sank -9.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.76% lower at present.
During the last 5 trading sessions, ES fell by -3.75%, which changed the moving average for the period of 200-days by -22.67% in comparison to the 20-day moving average, which settled at $75.32. In addition, Eversource Energy saw -15.48% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at ES starting from FORRY LINDA DORCENA, who sale 1,554 shares at the price of $75.03 back on Mar 03. After this action, FORRY LINDA DORCENA now owns 8,252 shares of Eversource Energy, valued at $116,594 using the latest closing price.
Williams Frederica M, the Trustee of Eversource Energy, sale 1,943 shares at $78.83 during a trade that took place back on Feb 16, which means that Williams Frederica M is holding 20,763 shares at $153,167 based on the most recent closing price.
Stock Fundamentals for ES
Equity return is now at value 9.40, with 2.80 for asset returns.
In conclusion, Eversource Energy (ES) has seen bad 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.