In the past week, ES stock has gone up by 0.91%, with a monthly gain of 2.86% and a quarterly surge of 13.83%. The volatility ratio for the week is 3.23%, and the volatility levels for the last 30 days are 2.43% for Eversource Energy. The simple moving average for the past 20 days is 2.44% for ES’s stock, with a 2.35% simple moving average for the past 200 days.
Is It Worth Investing in Eversource Energy (NYSE: ES) Right Now?
The 36-month beta value for ES is also noteworthy at 0.62. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 5 rating it as “overweight,” 7 rating it as “hold,” and 1 rating it as “sell.”
The public float for ES is 351.22M, and at present, short sellers hold a 1.49% of that float. The average trading volume of ES on May 08, 2024 was 2.64M shares.
ES) stock’s latest price update
Eversource Energy (NYSE: ES)’s stock price has gone rise by 2.45 in comparison to its previous close of 59.71, however, the company has experienced a 0.91% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-01 that Eversource Energy (ES) came out with quarterly earnings of $1.49 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.41 per share a year ago.
Analysts’ Opinion of ES
Many brokerage firms have already submitted their reports for ES stocks, with Goldman repeating the rating for ES by listing it as a “Buy.” The predicted price for ES in the upcoming period, according to Goldman is $73 based on the research report published on April 10, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see ES reach a price target of $67, previously predicting the price at $62. The rating they have provided for ES stocks is “Buy” according to the report published on April 04th, 2024.
Mizuho gave a rating of “Buy” to ES, setting the target price at $62 in the report published on February 15th of the current year.
ES Trading at 3.39% from the 50-Day Moving Average
After a stumble in the market that brought ES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.50% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 3.23%, as shares surge +2.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.12% upper at present.
During the last 5 trading sessions, ES rose by +0.91%, which changed the moving average for the period of 200-days by -17.68% in comparison to the 20-day moving average, which settled at $59.77. In addition, Eversource Energy saw -0.89% 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 ES starting from FORRY LINDA DORCENA, who sale 822 shares at the price of $58.12 back on Mar 01 ’24. After this action, FORRY LINDA DORCENA now owns 10,485 shares of Eversource Energy, valued at $47,775 using the latest closing price.
Williams Frederica M, the Trustee of Eversource Energy, sale 2,714 shares at $57.60 during a trade that took place back on Feb 26 ’24, which means that Williams Frederica M is holding 21,621 shares at $156,337 based on the most recent closing price.
Stock Fundamentals for ES
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.34 for the gross margin
The net margin for Eversource Energy stands at -0.04. The total capital return value is set at 0.05. Equity return is now at value -2.72, with -0.74 for asset returns.
Based on Eversource Energy (ES), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.94. The interest coverage ratio of the stock is 0.01.
Currently, EBITDA for the company is 3.22 billion with net debt to EBITDA at 7.88. When we switch over and look at the enterprise to sales, we see a ratio of 4.32. The receivables turnover for the company is 6.4for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.77.
Conclusion
In summary, Eversource Energy (ES) 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.
