Hubbell Inc. (NYSE: HUBB)’s stock price has gone decline by -6.40 in comparison to its previous close of 407.19, however, the company has experienced a -4.24% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-30 that The headline numbers for Hubbell (HUBB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Hubbell Inc. (NYSE: HUBB) Right Now?
The price-to-earnings ratio for Hubbell Inc. (NYSE: HUBB) is above average at 27.14x. The 36-month beta value for HUBB is also noteworthy at 0.94. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for HUBB is 53.47M, and at present, short sellers hold a 2.31% of that float. The average trading volume of HUBB on April 30, 2024 was 422.82K shares.
HUBB’s Market Performance
HUBB stock saw a decrease of -4.24% in the past week, with a monthly decline of -8.56% and a quarterly a decrease of 10.70%. The volatility ratio for the week is 2.51%, and the volatility levels for the last 30 days are 2.52% for Hubbell Inc. (HUBB). The simple moving average for the past 20 days is -5.70% for HUBB’s stock, with a 13.87% simple moving average for the past 200 days.
Analysts’ Opinion of HUBB
Many brokerage firms have already submitted their reports for HUBB stocks, with Deutsche Bank repeating the rating for HUBB by listing it as a “Hold.” The predicted price for HUBB in the upcoming period, according to Deutsche Bank is $427 based on the research report published on March 11, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see HUBB reach a price target of $338. The rating they have provided for HUBB stocks is “Outperform” according to the report published on December 08th, 2023.
Barclays gave a rating of “Equal Weight” to HUBB, setting the target price at $325 in the report published on December 04th of the previous year.
HUBB Trading at -3.69% from the 50-Day Moving Average
After a stumble in the market that brought HUBB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.28% of loss for the given period.
Volatility was left at 2.52%, however, over the last 30 days, the volatility rate increased by 2.51%, as shares sank -7.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.06% upper at present.
During the last 5 trading sessions, HUBB fell by -3.46%, which changed the moving average for the period of 200-days by +16.43% in comparison to the 20-day moving average, which settled at $402.61. In addition, Hubbell Inc. saw 15.87% 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 HUBB starting from Mikes Mark Eugene, who sale 397 shares at the price of $363.45 back on Feb 12 ’24. After this action, Mikes Mark Eugene now owns 4,899 shares of Hubbell Inc., valued at $144,290 using the latest closing price.
Mikes Mark Eugene, the President Electrical Solutions of Hubbell Inc., sale 1,837 shares at $358.16 during a trade that took place back on Feb 09 ’24, which means that Mikes Mark Eugene is holding 5,296 shares at $657,946 based on the most recent closing price.
Stock Fundamentals for HUBB
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.34 for the gross margin
The net margin for Hubbell Inc. stands at 0.13. The total capital return value is set at 0.18. Equity return is now at value 28.94, with 12.31 for asset returns.
Based on Hubbell Inc. (HUBB), the company’s capital structure generated 0.42 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.72. The interest coverage ratio of the stock is -21.14.
Currently, EBITDA for the company is 1.04 billion with net debt to EBITDA at 1.7. When we switch over and look at the enterprise to sales, we see a ratio of 4.02. The receivables turnover for the company is 6.34for trailing twelve months and the total asset turnover is 0.8. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In summary, Hubbell Inc. (HUBB) has had a mixed 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.
