The stock price of PG&E Corp. (NYSE: PCG) has plunged by -0.67 when compared to previous closing price of 17.83, but the company has seen a -3.59% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-06-14 that PG&E Foundation Funding Will Provide $5,000 Grants to 154 Restaurants, Commercial Caterers OAKLAND, Calif., June 14, 2024 /PRNewswire/ — For the fourth consecutive year, The PG&E Corporation Foundation (PG&E Foundation) is providing grants to support independent restaurant owners and their staffs through the California Restaurant Foundation’s (CRF) Restaurants Care Resilience Fund.
Is It Worth Investing in PG&E Corp. (NYSE: PCG) Right Now?
The price-to-earnings ratio for PG&E Corp. (NYSE: PCG) is above average at 15.74x. The 36-month beta value for PCG is also noteworthy at 1.09. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PCG is 2.01B, and at present, short sellers hold a 1.74% of that float. The average trading volume of PCG on June 21, 2024 was 12.64M shares.
PCG’s Market Performance
The stock of PG&E Corp. (PCG) has seen a -3.59% decrease in the past week, with a -6.40% drop in the past month, and a 7.79% gain in the past quarter. The volatility ratio for the week is 1.44%, and the volatility levels for the past 30 days are at 1.45% for PCG. The simple moving average for the past 20 days is -2.87% for PCG’s stock, with a 3.85% simple moving average for the past 200 days.
Analysts’ Opinion of PCG
Many brokerage firms have already submitted their reports for PCG stocks, with JP Morgan repeating the rating for PCG by listing it as a “Overweight.” The predicted price for PCG in the upcoming period, according to JP Morgan is $22 based on the research report published on June 10, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see PCG reach a price target of $21. The rating they have provided for PCG stocks is “Buy” according to the report published on April 10th, 2024.
Evercore ISI gave a rating of “In-line” to PCG, setting the target price at $16 in the report published on October 23rd of the previous year.
PCG Trading at -0.09% 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 -6.54% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.44%, as shares sank -5.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.04% upper at present.
During the last 5 trading sessions, PCG fell by -3.48%, which changed the moving average for the period of 200-days by +9.04% in comparison to the 20-day moving average, which settled at $18.18. In addition, PG&E Corp. saw -1.77% 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 3.96. 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 summary, PG&E Corp. (PCG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
