NRG Energy Inc. (NYSE: NRG) has seen a rise in its stock price by 0.60 in relation to its previous close of 69.97. However, the company has experienced a -3.51% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that This article focuses on selecting high-growth dividend stocks that have rapidly grown their dividends in the recent past, rather than simply sport a high current yield. We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks. The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
Is It Worth Investing in NRG Energy Inc. (NYSE: NRG) Right Now?
Additionally, the 36-month beta value for NRG is 1.10. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for NRG is 209.87M and currently, short sellers hold a 4.80% ratio of that float. The average trading volume of NRG on April 23, 2024 was 3.83M shares.
NRG’s Market Performance
The stock of NRG Energy Inc. (NRG) has seen a -3.51% decrease in the past week, with a 5.00% rise in the past month, and a 33.59% gain in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 3.50% for NRG. The simple moving average for the last 20 days is -0.82% for NRG stock, with a simple moving average of 45.70% for the last 200 days.
Analysts’ Opinion of NRG
Many brokerage firms have already submitted their reports for NRG stocks, with Wells Fargo repeating the rating for NRG by listing it as a “Overweight.” The predicted price for NRG in the upcoming period, according to Wells Fargo is $65 based on the research report published on January 23, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see NRG reach a price target of $46, previously predicting the price at $33. The rating they have provided for NRG stocks is “Neutral” according to the report published on November 06th, 2023.
Guggenheim gave a rating of “Buy” to NRG, setting the target price at $50 in the report published on November 01st of the previous year.
NRG Trading at 11.97% from the 50-Day Moving Average
After a stumble in the market that brought NRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.04% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +4.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.46% upper at present.
During the last 5 trading sessions, NRG fell by -3.51%, which changed the moving average for the period of 200-days by +86.22% in comparison to the 20-day moving average, which settled at $71.13. In addition, NRG Energy Inc. saw 36.15% 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 NRG starting from Killinger Elizabeth R, who sale 40,000 shares at the price of $63.64 back on Mar 15 ’24. After this action, Killinger Elizabeth R now owns 107,123 shares of NRG Energy Inc., valued at $2,545,600 using the latest closing price.
Patel Rasesh M., the Exec VP, Smart Home of NRG Energy Inc., sale 49,092 shares at $62.59 during a trade that took place back on Mar 14 ’24, which means that Patel Rasesh M. is holding 356,962 shares at $3,072,668 based on the most recent closing price.
Stock Fundamentals for NRG
Current profitability levels for the company are sitting at:
- -0.0 for the present operating margin
- 0.1 for the gross margin
The net margin for NRG Energy Inc. stands at -0.01. The total capital return value is set at -0.0. Equity return is now at value -6.00, with -0.73 for asset returns.
Based on NRG Energy Inc. (NRG), the company’s capital structure generated 0.79 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 3.78. The interest coverage ratio of the stock is -0.1.
Currently, EBITDA for the company is 325.0 million with net debt to EBITDA at 7.78. When we switch over and look at the enterprise to sales, we see a ratio of 0.89. The receivables turnover for the company is 8.11for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.02.
Conclusion
In conclusion, NRG Energy Inc. (NRG) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
