Edison International’s (EIX) Stock: A Long-Term Performance Analysis

The stock of Edison International (EIX) has gone up by 2.45% for the week, with a 3.62% rise in the past month and a -3.37% drop in the past quarter. The volatility ratio for the week is 1.60%, and the volatility levels for the past 30 days are 1.60% for EIX. The simple moving average for the last 20 days is 0.92% for EIX’s stock, with a simple moving average of 2.81% for the last 200 days.

Is It Worth Investing in Edison International (NYSE: EIX) Right Now?

Edison International (NYSE: EIX) has a higher price-to-earnings ratio of 22.47x compared to its average ratio. EIX has 36-month beta value of 0.97. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 4 as “overweight,” 7 as “hold,” and 0 as “sell.”

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The public float for EIX is 384.09M, and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of EIX on April 04, 2024 was 2.31M shares.

EIX) stock’s latest price update

The stock price of Edison International (NYSE: EIX) has dropped by -0.33 compared to previous close of 70.13. Despite this, the company has seen a gain of 2.45% in its stock price over the last five trading days. Business Wire reported 2024-04-02 that –(BUSINESS WIRE)–Edison International (NYSE: EIX): WHAT: First Quarter 2024 Financial Results WHEN: 1:30-2:30 p.m. (PDT) NUMBERS: 1-888-673-9780 — for callers in the U.S. 1-312-470-0178 — for international callers PASSCODE: Edison WEBCAST: www.edisoninvestor.com REPLAY: In addition to the live conference call and webcast, a telephone replay will be available through May 13 at 6 p.m. (PDT) at the following numbers: 1-800-568-3942 — for callers in the U.S. 1-203-369-3812 — for international cal.

Analysts’ Opinion of EIX

Many brokerage firms have already submitted their reports for EIX stocks, with Guggenheim repeating the rating for EIX by listing it as a “Buy.” The predicted price for EIX in the upcoming period, according to Guggenheim is $84 based on the research report published on January 22, 2024 of the current year 2024.

Evercore ISI, on the other hand, stated in their research note that they expect to see EIX reach a price target of $68, previously predicting the price at $74. The rating they have provided for EIX stocks is “Outperform” according to the report published on October 23rd, 2023.

Barclays gave a rating of “Equal Weight” to EIX, setting the target price at $68 in the report published on August 23rd of the previous year.

EIX Trading at 3.26% 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 -6.70% of loss for the given period.

Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +4.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.33% upper at present.

During the last 5 trading sessions, EIX rose by +2.45%, which changed the moving average for the period of 200-days by +1.60% in comparison to the 20-day moving average, which settled at $69.40. In addition, Edison International saw -2.22% 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 EIX starting from Choi Caroline, who sale 11,222 shares at the price of $71.64 back on Sep 15 ’23. 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 ’23, 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:

  • 0.16 for the present operating margin
  • 0.41 for the gross margin

The net margin for Edison International stands at 0.09. The total capital return value is set at 0.04. Equity return is now at value 8.25, with 1.61 for asset returns.

Based on Edison International (EIX), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.28. The interest coverage ratio of the stock is 1.63.

Currently, EBITDA for the company is 5.7 billion with net debt to EBITDA at 6.14. When we switch over and look at the enterprise to sales, we see a ratio of 3.79. The receivables turnover for the company is 5.92for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.79.

Conclusion

To put it simply, Edison International (EIX) 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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