Evergy Inc (EVRG) Shares Rise Despite Market Challenges

Evergy Inc (NASDAQ: EVRG)’s stock price has soared by 49.77 in relation to previous closing price of 55.17. Nevertheless, the company has seen a gain of 0.20% in its stock price over the last five trading days. Seeking Alpha reported 2024-02-02 that Vanguard’s High Dividend Yield ETF had a modest gain of 0.75% to start 2024, while the SPDR S&P 500 ETF Trust gained 1.59%. The top 10 stocks on the watchlist for February 2024 offer a 3.55% dividend yield, more than double the S&P 500.

Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?

The price-to-earnings ratio for Evergy Inc (NASDAQ: EVRG) is above average at 16.83x. The 36-month beta value for EVRG is also noteworthy at 0.56.

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The public float for EVRG is 226.45M, and at present, short sellers hold a 3.25% of that float. The average trading volume of EVRG on February 13, 2024 was 1.19 shares.

EVRG’s Market Performance

EVRG’s stock has seen a 0.20% increase for the week, with a -6.71% drop in the past month and a 0.89% gain in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are at 1.92% for Evergy Inc The simple moving average for the last 20 days is 2.01% for EVRG’s stock, with a simple moving average of Feb 29 BMO for the last 200 days.

Analysts’ Opinion of EVRG

Many brokerage firms have already submitted their reports for EVRG stocks, with Guggenheim repeating the rating for EVRG by listing it as a “Neutral.” The predicted price for EVRG in the upcoming period, according to Guggenheim is $52 based on the research report published on January 22, 2024 of the current year 2024.

EVRG Trading at -12.56% from the 50-Day Moving Average

After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.15% of loss for the given period.

Volatility was left at 1.92%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares sank -7.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.72% lower at present.

During the last 5 trading sessions, EVRG rose by +0.20%, which changed the moving average for the period of 200-days by -19.76% in comparison to the 20-day moving average, which settled at $50.29. In addition, Evergy Inc saw -4.66% 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 EVRG starting from Landrieu Mary L., who sale 1,170 shares at the price of $59.62 back on Jun 14. After this action, Landrieu Mary L. now owns 4,210 shares of Evergy Inc, valued at $69,755 using the latest closing price.

Elwell Lesley Lissette, the SVP & CHIEF HRO & CHIEF DO of Evergy Inc, sale 1,328 shares at $57.67 during a trade that took place back on May 25, which means that Elwell Lesley Lissette is holding 27 shares at $76,585 based on the most recent closing price.

Stock Fundamentals for EVRG

Equity return is now at value 7.03, with 2.27 for asset returns.

Conclusion

In summary, Evergy Inc (EVRG) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.

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