PG&E Corp. (NYSE: PCG)’s stock price has plunge by 1.45relation to previous closing price of 16.57. Nevertheless, the company has seen a 0.30% surge in its stock price over the last five trading sessions. TechXplore reported 2024-03-28 that PG&E is pushing forward with quests to help bolster Silicon Valley’s economy and innovation future, including major South Bay and East Bay electricity projects, utility officials have said.
Is It Worth Investing in PG&E Corp. (NYSE: PCG) Right Now?
The price-to-earnings ratio for PG&E Corp. (NYSE: PCG) is 16.01x, which is above its average ratio. Moreover, the 36-month beta value for PCG is 1.28. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for PCG is 2.01B and currently, short sellers hold a 1.39% of that float. On April 08, 2024, PCG’s average trading volume was 16.41M shares.
PCG’s Market Performance
PCG stock saw an increase of 0.30% in the past week, with a monthly gain of 1.94% and a quarterly increase of -5.08%. The volatility ratio for the week is 1.74%, and the volatility levels for the last 30 days are 1.51% for PG&E Corp. (PCG). The simple moving average for the past 20 days is 2.25% for PCG’s stock, with a -0.79% simple moving average for the past 200 days.
Analysts’ Opinion of PCG
Many brokerage firms have already submitted their reports for PCG stocks, with Evercore ISI repeating the rating for PCG by listing it as a “In-line.” The predicted price for PCG in the upcoming period, according to Evercore ISI is $16 based on the research report published on October 23, 2023 of the previous year 2023.
Barclays, on the other hand, stated in their research note that they expect to see PCG reach a price target of $19. The rating they have provided for PCG stocks is “Overweight” according to the report published on August 23rd, 2023.
UBS gave a rating of “Buy” to PCG, setting the target price at $21 in the report published on August 07th of the previous year.
PCG Trading at 1.63% from the 50-Day Moving Average
After a stumble in the market that brought PCG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.24% of loss for the given period.
Volatility was left at 1.51%, however, over the last 30 days, the volatility rate increased by 1.74%, as shares surge +1.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.69% upper at present.
During the last 5 trading sessions, PCG rose by +0.30%, which changed the moving average for the period of 200-days by -0.36% in comparison to the 20-day moving average, which settled at $16.45. In addition, PG&E Corp. saw -6.77% 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 PCG starting from Campbell Cheryl F., who sale 10,000 shares at the price of $16.90 back on Sep 12 ’23. After this action, Campbell Cheryl F. now owns 54,153 shares of PG&E Corp., valued at $169,000 using the latest closing price.
Stock Fundamentals for PCG
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.34 for the gross margin
The net margin for PG&E Corp. stands at 0.09. The total capital return value is set at 0.02. Equity return is now at value 9.43, with 1.70 for asset returns.
Based on PG&E Corp. (PCG), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 2.31. The interest coverage ratio of the stock is 0.94.
Currently, EBITDA for the company is 8.62 billion with net debt to EBITDA at 7.41. When we switch over and look at the enterprise to sales, we see a ratio of 3.81. The receivables turnover for the company is 2.34for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.83.
Conclusion
To wrap up, the performance of PG&E Corp. (PCG) has been mixed in recent times. The stock has received a bullish 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.
