The stock price of Edison International (NYSE: EIX) has plunged by -1.45 when compared to previous closing price of 71.22, but the company has seen a -0.14% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-09-07 that Edison International’s (EIX) strategic investment plans to further improve infrastructure and favorable regulatory outcomes are likely to drive its performance.
Is It Worth Investing in Edison International (NYSE: EIX) Right Now?
Edison International (NYSE: EIX) has a higher price-to-earnings ratio of 28.45x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.82. Analysts have mixed views on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for Edison International (EIX) is $73.68, which is $3.7 above the current market price. The public float for EIX is 382.82M, and currently, short sellers hold a 1.93% ratio of that float. The average trading volume of EIX on September 20, 2023 was 1.40M shares.
EIX’s Market Performance
EIX’s stock has seen a -0.14% decrease for the week, with a 1.67% rise in the past month and a 2.06% gain in the past quarter. The volatility ratio for the week is 1.41%, and the volatility levels for the past 30 days are at 1.59% for Edison International The simple moving average for the last 20 days is 0.73% for EIX stock, with a simple moving average of 1.87% for the last 200 days.
Analysts’ Opinion of EIX
Many brokerage firms have already submitted their reports for EIX stocks, with Barclays repeating the rating for EIX by listing it as a “Equal Weight.” The predicted price for EIX in the upcoming period, according to Barclays is $68 based on the research report published on August 23, 2023 of the current year 2023.
EIX Trading at 0.01% from the 50-Day Moving Average
After a stumble in the market that brought EIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.31% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.41%, as shares surge +1.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.75% upper at present.
During the last 5 trading sessions, EIX fell by -0.14%, which changed the moving average for the period of 200-days by +5.30% in comparison to the 20-day moving average, which settled at $69.74. In addition, Edison International saw 10.33% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EIX starting from Choi Caroline, who sale 11,222 shares at the price of $71.64 back on Sep 15. After this action, Choi Caroline now owns 20,881 shares of Edison International, valued at $803,967 using the latest closing price.
Murphy J Andrew, the SENIOR VICE PRESIDENT of Edison International, sale 22,471 shares at $72.03 during a trade that took place back on Apr 05, which means that Murphy J Andrew is holding 12,989 shares at $1,618,645 based on the most recent closing price.
Stock Fundamentals for EIX
Current profitability levels for the company are sitting at:
- +16.52 for the present operating margin
- +20.67 for the gross margin
The net margin for Edison International stands at +4.16. The total capital return value is set at 5.81, while invested capital returns managed to touch 1.69. Equity return is now at value 7.20, with 1.20 for asset returns.
Based on Edison International (EIX), the company’s capital structure generated 211.87 points at debt to equity in total, while total debt to capital is 67.94. Total debt to assets is 42.41, with long-term debt to equity ratio resting at 204.95. Finally, the long-term debt to capital ratio is 57.39.
When we switch over and look at the enterprise to sales, we see a ratio of 3.46, with the company’s debt to enterprise value settled at 0.55. The receivables turnover for the company is 7.61 and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.68.
Conclusion
To put it simply, Edison International (EIX) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
