The stock of PG&E Corp. (PCG) has seen a 3.17% increase in the past week, with a 6.04% gain in the past month, and a 5.53% flourish in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.95% for PCG. The simple moving average for the last 20 days is 4.31% for PCG stock, with a simple moving average of 4.03% for the last 200 days.
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 15.61x compared to its average ratio, The 36-month beta value for PCG is at 1.19. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for PCG is 2.01B, and currently, shorts hold a 1.76% of that float. The average trading volume for PCG on May 06, 2024 was 15.15M shares.
PCG) stock’s latest price update
PG&E Corp. (NYSE: PCG)’s stock price has increased by 0.23 compared to its previous closing price of 17.53. However, the company has seen a 3.17% increase in its stock price over the last five trading sessions. Reuters reported 2024-04-30 that PG&E said on Tuesday it had entered into exclusive negotiations to sell a minority interest in Pacific Generation to KKR & Co’s unit, as the utility firm seeks funding to improve its energy grid.
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 5.59% 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 -4.09% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +4.52% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.53% upper at present.
During the last 5 trading sessions, PCG rose by +3.17%, which changed the moving average for the period of 200-days by -0.96% in comparison to the 20-day moving average, which settled at $16.88. In addition, PG&E Corp. saw -2.55% 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 Poppe Patricia K, who sale 59,000 shares at the price of $17.08 back on Apr 30 ’24. After this action, Poppe Patricia K now owns 1,515,777 shares of PG&E Corp., valued at $1,007,720 using the latest closing price.
Campbell Cheryl F., the Director of PG&E Corp., sale 10,000 shares at $16.90 during a trade that took place back on Sep 12 ’23, which means that Campbell Cheryl F. is holding 54,153 shares at $169,000 based on the most recent 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 1.12.
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 3.95. 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
In conclusion, PG&E Corp. (PCG) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
