The stock of NiSource Inc (NI) has gone up by 4.32% for the week, with a 1.76% rise in the past month and a -0.99% drop in the past quarter. The volatility ratio for the week is 1.80%, and the volatility levels for the past 30 days are 2.01% for NI. The simple moving average for the past 20 days is 3.10% for NI’s stock, with a -3.39% simple moving average for the past 200 days.
Is It Worth Investing in NiSource Inc (NYSE: NI) Right Now?
NiSource Inc (NYSE: NI) has a higher price-to-earnings ratio of 17.46x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.50. Analysts have mixed views on the stock, with 11 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The average price point forecasted by analysts for NiSource Inc (NI) is $28.22, which is $2.14 above the current market price. The public float for NI is 411.85M, and currently, short sellers hold a 3.71% ratio of that float. The average trading volume of NI on November 20, 2023 was 5.58M shares.
NI) stock’s latest price update
The stock of NiSource Inc (NYSE: NI) has increased by 1.20 when compared to last closing price of 25.77. Despite this, the company has experienced a 4.32% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2023-11-14 that Consumer sentiment is declining and markets are volatile. Hence, investing in defensive stocks like CenterPoint Energy, Inc. (CNP), NiSource Inc. (NI), Consolidated Edison, Inc. (ED) PepsiCo, Inc. (PEP), and The Procter & Gamble Company (PG) will be a wise idea.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with Ladenburg Thalmann repeating the rating for NI by listing it as a “Buy.” The predicted price for NI in the upcoming period, according to Ladenburg Thalmann is $25 based on the research report published on October 06, 2023 of the current year 2023.
NI Trading at 1.52% 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 -9.91% of loss for the given period.
Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +3.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.30% lower at present.
During the last 5 trading sessions, NI rose by +4.32%, which changed the moving average for the period of 200-days by -6.09% in comparison to the 20-day moving average, which settled at $25.34. In addition, NiSource Inc saw -4.89% 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 NI starting from Yates Lloyd M, who purchase 40,000 shares at the price of $26.44 back on Aug 23. After this action, Yates Lloyd M now owns 131,242 shares of NiSource Inc, valued at $1,057,600 using the latest closing price.
Brown Donald Eugene, the EVP & Chief Innovation Officer of NiSource Inc, sale 14,000 shares at $26.64 during a trade that took place back on Aug 08, which means that Brown Donald Eugene is holding 187,278 shares at $372,960 based on the most recent closing price.
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. The total capital return value is set at 6.39, while invested capital returns managed to touch 4.83. Equity return is now at value 10.01, with 2.70 for asset returns.
Based on NiSource Inc (NI), the company’s capital structure generated 149.86 points at debt to equity in total, while total debt to capital is 59.98. Total debt to assets is 40.90, with long-term debt to equity ratio resting at 158.49. Finally, the long-term debt to capital ratio is 50.48.
When we switch over and look at the enterprise to sales, we see a ratio of 3.81, with the company’s debt to enterprise value settled at 0.45. The receivables turnover for the company is 5.58 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
To put it simply, NiSource Inc (NI) has had a mixed performance in recent times. Analysts have a bullish 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.