Entergy Corp. (ETR) Shares Plummet Below 1-Year High

Entergy Corp. (NYSE: ETR)’s stock price has decreased by -0.83 compared to its previous closing price of 105.27. However, the company has seen a 2.00% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-27 that Investors interested in stocks from the Utility – Electric Power sector have probably already heard of Entergy (ETR) and PSEG (PEG). But which of these two stocks is more attractive to value investors?

Is It Worth Investing in Entergy Corp. (NYSE: ETR) Right Now?

The price-to-earnings ratio for Entergy Corp. (NYSE: ETR) is 9.41x, which is above its average ratio. Moreover, the 36-month beta value for ETR is 0.70. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 3 as “overweight,” 13 as “hold,” and 0 as “sell.”

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The public float for ETR is 212.59M and currently, short sellers hold a 1.04% of that float. On April 04, 2024, ETR’s average trading volume was 1.34M shares.

ETR’s Market Performance

The stock of Entergy Corp. (ETR) has seen a 2.00% increase in the past week, with a 2.33% rise in the past month, and a 1.71% gain in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.31% for ETR. The simple moving average for the last 20 days is 1.07% for ETR stock, with a simple moving average of 5.58% for the last 200 days.

Analysts’ Opinion of ETR

Many brokerage firms have already submitted their reports for ETR stocks, with BofA Securities repeating the rating for ETR by listing it as a “Buy.” The predicted price for ETR in the upcoming period, according to BofA Securities is $110 based on the research report published on November 21, 2023 of the previous year 2023.

RBC Capital Mkts, on the other hand, stated in their research note that they expect to see ETR reach a price target of $117. The rating they have provided for ETR stocks is “Sector Perform” according to the report published on November 08th, 2023.

UBS gave a rating of “Buy” to ETR, setting the target price at $118 in the report published on November 06th of the previous year.

ETR Trading at 3.17% from the 50-Day Moving Average

After a stumble in the market that brought ETR 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 1.31%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.16% upper at present.

During the last 5 trading sessions, ETR rose by +2.00%, which changed the moving average for the period of 200-days by +2.16% in comparison to the 20-day moving average, which settled at $103.41. In addition, Entergy Corp. saw 3.17% 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 ETR starting from Brown Marcus V, who sale 8,500 shares at the price of $102.84 back on Mar 15 ’24. After this action, Brown Marcus V now owns 9,911 shares of Entergy Corp., valued at $874,140 using the latest closing price.

RODRIGUEZ DEANNA D., the “Officer” Under Sec. 16 Rules of Entergy Corp., sale 1,500 shares at $101.23 during a trade that took place back on Mar 14 ’24, which means that RODRIGUEZ DEANNA D. is holding 3,442 shares at $151,845 based on the most recent closing price.

Stock Fundamentals for ETR

Current profitability levels for the company are sitting at:

  • 0.22 for the present operating margin
  • 0.44 for the gross margin

The net margin for Entergy Corp. stands at 0.19. The total capital return value is set at 0.05. Equity return is now at value 16.86, with 3.99 for asset returns.

Based on Entergy Corp. (ETR), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.79. The interest coverage ratio of the stock is 2.57.

Currently, EBITDA for the company is 4.87 billion with net debt to EBITDA at 5.43. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. The receivables turnover for the company is 8.72for 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 0.52.

Conclusion

To wrap up, the performance of Entergy Corp. (ETR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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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