Equitable Holdings Inc (NYSE: EQH)’s stock price has soared by 0.01 in relation to previous closing price of 40.03. Nevertheless, the company has seen a loss of -1.30% in its stock price over the last five trading days. businesswire.com reported 2024-06-17 that NEW YORK–(BUSINESS WIRE)–Equitable Holdings Announces Pricing Terms of Cash Tender Offer for Certain of its Debt Securities.
Is It Worth Investing in Equitable Holdings Inc (NYSE: EQH) Right Now?
Equitable Holdings Inc (NYSE: EQH) has a higher price-to-earnings ratio of 12.40x compared to its average ratio, The 36-month beta value for EQH is at 1.42. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for EQH is 323.43M, and currently, shorts hold a 1.32% of that float. The average trading volume for EQH on June 18, 2024 was 2.57M shares.
EQH’s Market Performance
The stock of Equitable Holdings Inc (EQH) has seen a -1.30% decrease in the past week, with a -1.71% drop in the past month, and a 11.51% gain in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.87% for EQH. The simple moving average for the past 20 days is -1.36% for EQH’s stock, with a 20.24% simple moving average for the past 200 days.
Analysts’ Opinion of EQH
JP Morgan, on the other hand, stated in their research note that they expect to see EQH reach a price target of $36, previously predicting the price at $35. The rating they have provided for EQH stocks is “Neutral” according to the report published on January 03rd, 2024.
Jefferies gave a rating of “Buy” to EQH, setting the target price at $37 in the report published on December 11th of the previous year.
EQH Trading at 2.48% from the 50-Day Moving Average
After a stumble in the market that brought EQH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.86% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -1.11% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.63% upper at present.
During the last 5 trading sessions, EQH fell by -1.50%, which changed the moving average for the period of 200-days by +38.72% in comparison to the 20-day moving average, which settled at $40.56. In addition, Equitable Holdings Inc saw 20.22% 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 EQH starting from HURD JEFFREY J, who sale 9,969 shares at the price of $39.62 back on Jun 14 ’24. After this action, HURD JEFFREY J now owns 121,521 shares of Equitable Holdings Inc, valued at $394,992 using the latest closing price.
HURD JEFFREY J, the Chief Operating Officer of Equitable Holdings Inc, sale 9,969 shares at $40.42 during a trade that took place back on May 15 ’24, which means that HURD JEFFREY J is holding 131,093 shares at $402,945 based on the most recent closing price.
Stock Fundamentals for EQH
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.56 for the gross margin
The net margin for Equitable Holdings Inc stands at 0.12. The total capital return value is set at 0.0. Equity return is now at value 42.83, with 0.47 for asset returns.
Based on Equitable Holdings Inc (EQH), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 2.73. The interest coverage ratio of the stock is 5.27.
Currently, EBITDA for the company is 1.73 billion with net debt to EBITDA at -3.62. When we switch over and look at the enterprise to sales, we see a ratio of 0.78. The receivables turnover for the company is 0.85for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.70.
Conclusion
In conclusion, Equitable Holdings Inc (EQH) has had a mixed 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.
