The stock of Evergy Inc (EVRG) has seen a 3.09% increase in the past week, with a 7.92% gain in the past month, and a 1.55% flourish in the past quarter. The volatility ratio for the week is 1.64%, and the volatility levels for the past 30 days are at 1.71% for EVRG. The simple moving average for the last 20 days is 2.75% for EVRG’s stock, with a simple moving average of -0.16% for the last 200 days.
Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?
Evergy Inc (NASDAQ: EVRG) has a higher price-to-earnings ratio of 16.69x compared to its average ratio, The 36-month beta value for EVRG is at 0.57. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for EVRG is 225.97M, and currently, shorts hold a 3.31% of that float. The average trading volume for EVRG on April 03, 2024 was 2.75M shares.
EVRG) stock’s latest price update
Evergy Inc (NASDAQ: EVRG)’s stock price has soared by 0.51 in relation to previous closing price of 52.74. Nevertheless, the company has seen a gain of 3.09% in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-25 that Evergy’s (EVRG) planned investments and strategic acquisitions are set to help it expand its existing operations. Adding more renewable assets is likely to boost its performance.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Citigroup repeating the rating for EVRG by listing it as a “Buy.” The predicted price for EVRG in the upcoming period, according to Citigroup is $64 based on the research report published on March 26, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $57, previously predicting the price at $51. The rating they have provided for EVRG stocks is “Buy” according to the report published on March 13th, 2024.
Guggenheim gave a rating of “Neutral” to EVRG, setting the target price at $52 in the report published on January 22nd of the current year.
EVRG Trading at 4.76% 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 -17.08% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares surge +6.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.10% upper at present.
During the last 5 trading sessions, EVRG rose by +3.09%, which changed the moving average for the period of 200-days by -10.03% in comparison to the 20-day moving average, which settled at $51.74. In addition, Evergy Inc saw 1.55% 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 EVRG starting from Landrieu Mary L., who sale 1,170 shares at the price of $59.62 back on Jun 14 ’23. 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 ’23, which means that Elwell Lesley Lissette is holding 27 shares at $76,585 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.45 for the gross margin
The net margin for Evergy Inc stands at 0.13. The total capital return value is set at 0.04. Equity return is now at value 7.64, with 2.37 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is 2.44.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 5.52. When we switch over and look at the enterprise to sales, we see a ratio of 4.62. The receivables turnover for the company is 9.02for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.51.
Conclusion
In conclusion, Evergy Inc (EVRG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
