The stock of PNM Resources Inc (PNM) has seen a -0.61% decrease in the past week, with a -2.86% drop in the past month, and a 0.00% decrease in the past quarter. The volatility ratio for the week is 1.92%, and the volatility levels for the past 30 days are at 1.58% for PNM. The simple moving average for the last 20 days is -2.44% for PNM’s stock, with a simple moving average of -12.72% for the last 200 days.
Is It Worth Investing in PNM Resources Inc (NYSE: PNM) Right Now?
The price-to-earnings ratio for PNM Resources Inc (NYSE: PNM) is above average at 35.39x, Company’s 36-month beta value is 0.37.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 3 as “sell.”
The public float for PNM is 89.09M, and currently, short sellers hold a 1.94% ratio of that floaft. The average trading volume of PNM on April 19, 2024 was 1.10M shares.
PNM) stock’s latest price update
PNM Resources Inc (NYSE: PNM)’s stock price has gone decline by -0.30 in comparison to its previous close of 36.12, however, the company has experienced a -0.61% decrease in its stock price over the last five trading days. Seeking Alpha reported 2024-04-07 that PNM Resources has medium term EPS growth potential given its expected growth in its regulated rate base. Given PNM Resources has fairly high leverage, the company doesn’t have as much financial flexibility while maintaining investment grade credit rating if it needs to spend more. I rate PNM Resources a ‘Buy’ and I would own it in a diversified portfolio.
Analysts’ Opinion of PNM
Many brokerage firms have already submitted their reports for PNM stocks, with Barclays repeating the rating for PNM by listing it as a “Overweight.” The predicted price for PNM in the upcoming period, according to Barclays is $40 based on the research report published on February 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see PNM reach a price target of $44, previously predicting the price at $41. The rating they have provided for PNM stocks is “Overweight” according to the report published on January 03rd, 2024.
Mizuho gave a rating of “Neutral” to PNM, setting the target price at $41 in the report published on January 03rd of the current year.
PNM Trading at -2.98% from the 50-Day Moving Average
After a stumble in the market that brought PNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -26.63% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares sank -2.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.38% lower at present.
During the last 5 trading sessions, PNM fell by -0.41%, which changed the moving average for the period of 200-days by -21.02% in comparison to the 20-day moving average, which settled at $36.86. In addition, PNM Resources Inc saw -13.44% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for PNM
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.5 for the gross margin
The net margin for PNM Resources Inc stands at 0.05. The total capital return value is set at 0.04. Equity return is now at value 3.87, with 0.87 for asset returns.
Based on PNM Resources Inc (PNM), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.1. The interest coverage ratio of the stock is 1.69.
Currently, EBITDA for the company is 622.77 million with net debt to EBITDA at 7.82. When we switch over and look at the enterprise to sales, we see a ratio of 4.24. The receivables turnover for the company is 7.09for 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 0.39.
Conclusion
In a nutshell, PNM Resources Inc (PNM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
