PG&E Corp. (NYSE: PCG)’s stock price has plunge by -0.23relation to previous closing price of 17.07. Nevertheless, the company has seen a 1.07% surge in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that PG&E’s (PCG) first-quarter total revenues of $5.86 billion are down 5.6% from the year-ago period???s level. Operating revenues have also missed the Zacks Consensus Estimate by 11.6%.
Is It Worth Investing in PG&E Corp. (NYSE: PCG) Right Now?
PG&E Corp. (NYSE: PCG) has a higher price-to-earnings ratio of 15.13x compared to its average ratio. PCG has 36-month beta value of 1.26. Analysts have mixed views 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 1.76% ratio of that float. The average trading volume of PCG on April 29, 2024 was 15.54M shares.
PCG’s Market Performance
The stock of PG&E Corp. (PCG) has seen a 1.07% increase in the past week, with a 1.73% rise in the past month, and a 0.24% gain in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 1.84% for PCG. The simple moving average for the last 20 days is 2.03% for PCG stock, with a simple moving average of 0.74% for the last 200 days.
Analysts’ Opinion of PCG
Many brokerage firms have already submitted their reports for PCG stocks, with Goldman repeating the rating for PCG by listing it as a “Buy.” The predicted price for PCG in the upcoming period, according to Goldman is $21 based on the research report published on April 10, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see PCG reach a price target of $16. The rating they have provided for PCG stocks is “In-line” according to the report published on October 23rd, 2023.
Barclays gave a rating of “Overweight” to PCG, setting the target price at $19 in the report published on August 23rd of the previous year.
PCG Trading at 2.80% 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 -7.04% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.16% upper at present.
During the last 5 trading sessions, PCG rose by +1.07%, which changed the moving average for the period of 200-days by -6.33% in comparison to the 20-day moving average, which settled at $16.70. In addition, PG&E Corp. saw -5.55% 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:
- 0.14 for the present operating margin
- 0.31 for the gross margin
The net margin for PG&E Corp. stands at 0.1. The total capital return value is set at 0.03. Equity return is now at value 9.86, with 1.96 for asset returns.
Based on PG&E Corp. (PCG), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 2.24. The interest coverage ratio of the stock is 2.16.
Currently, EBITDA for the company is 8.62 billion with net debt to EBITDA at 7.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.9. The receivables turnover for the company is 2.11for 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 0.99.
Conclusion
To put it simply, PG&E Corp. (PCG) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
