Centerpoint Energy Inc. (NYSE: CNP) has a higher price-to-earnings ratio of 21.90x compared to its average ratio. compared to its average ratio and a 36-month beta value of 0.89. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”

The average price point forecasted by analysts for Centerpoint Energy Inc. (CNP) is $30.33, which is $2.74 above the current market price. The public float for CNP is 629.49M, and currently, short sellers hold a 1.90% ratio of that float. The average trading volume of CNP on November 21, 2023 was 4.67M shares.

CNP) stock’s latest price update

The stock price of Centerpoint Energy Inc. (NYSE: CNP) has plunged by -0.76 when compared to previous closing price of 27.80, but the company has seen a 3.22% 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.

CNP’s Market Performance

CNP’s stock has risen by 3.22% in the past week, with a monthly rise of 1.66% and a quarterly drop of -2.37%. The volatility ratio for the week is 1.39% while the volatility levels for the last 30 days are 1.81% for Centerpoint Energy Inc. The simple moving average for the past 20 days is 1.38% for CNP’s stock, with a -4.05% simple moving average for the past 200 days.

Analysts’ Opinion of CNP

Many brokerage firms have already submitted their reports for CNP stocks, with KeyBanc Capital Markets repeating the rating for CNP by listing it as a “Overweight.” The predicted price for CNP in the upcoming period, according to KeyBanc Capital Markets is $29 based on the research report published on October 05, 2023 of the current year 2023.

CNP Trading at 0.31% 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 -12.47% of loss for the given period.

Volatility was left at 1.81%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +2.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.54% lower at present.

During the last 5 trading sessions, CNP rose by +3.22%, which changed the moving average for the period of 200-days by -5.51% in comparison to the 20-day moving average, which settled at $27.25. In addition, Centerpoint Energy Inc. saw -8.00% 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 LESAR DAVID J, who purchase 37,000 shares at the price of $27.12 back on Nov 13. After this action, LESAR DAVID J now owns 37,000 shares of Centerpoint Energy Inc., valued at $1,003,440 using the latest closing price.

Wells Jason P., the President & COO of Centerpoint Energy Inc., purchase 10,000 shares at $26.91 during a trade that took place back on Nov 09, which means that Wells Jason P. is holding 55,560 shares at $269,050 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 8.78, with 2.27 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

To put it simply, Centerpoint Energy Inc. (CNP) has had a mixed 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’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.