The price-to-earnings ratio for Evergy Inc (NASDAQ: EVRG) is above average at 15.60x. The 36-month beta value for EVRG is also noteworthy at 0.58. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EVRG is 225.97M, and at present, short sellers hold a 3.36% of that float. The average trading volume of EVRG on April 17, 2024 was 2.63M shares.
EVRG) stock’s latest price update
The stock price of Evergy Inc (NASDAQ: EVRG) has dropped by -1.65 compared to previous close of 50.39. Despite this, the company has seen a fall of -6.44% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-15 that Evergy is currently trading for an attractive valuation with forward EV/EBITDA of 9.6x versus the sector median of 10.36x. I expect load growth to be faster than 2%-3% given data center demand past 2025 as it takes some time to build data centers. I rate Evergy a ‘Buy’ and I would own it in a diversified portfolio.
EVRG’s Market Performance
EVRG’s stock has fallen by -6.44% in the past week, with a monthly drop of -3.95% and a quarterly drop of -6.24%. The volatility ratio for the week is 1.93% while the volatility levels for the last 30 days are 1.57% for Evergy Inc The simple moving average for the last 20 days is -4.86% for EVRG’s stock, with a simple moving average of -6.08% for the last 200 days.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Ladenburg Thalmann repeating the rating for EVRG by listing it as a “Neutral.” The predicted price for EVRG in the upcoming period, according to Ladenburg Thalmann is $51 based on the research report published on April 04, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $64. The rating they have provided for EVRG stocks is “Buy” according to the report published on March 26th, 2024.
BofA Securities gave a rating of “Buy” to EVRG, setting the target price at $57 in the report published on March 13th of the current year.
EVRG Trading at -2.73% 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 -22.37% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 1.93%, as shares sank -4.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.25% lower at present.
During the last 5 trading sessions, EVRG fell by -6.44%, which changed the moving average for the period of 200-days by -13.90% in comparison to the 20-day moving average, which settled at $51.98. In addition, Evergy Inc saw -5.06% 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 ’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 4.47. 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 summary, Evergy Inc (EVRG) has had a bad 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.
