The stock of Equitable Holdings Inc (EQH) has seen a 0.17% increase in the past week, with a -0.29% drop in the past month, and a 11.06% flourish in the past quarter. The volatility ratio for the week is 1.62%, and the volatility levels for the past 30 days are at 1.79% for EQH. The simple moving average for the last 20 days is 1.90% for EQH stock, with a simple moving average of 22.23% for the last 200 days.
Is It Worth Investing in Equitable Holdings Inc (NYSE: EQH) Right Now?
The price-to-earnings ratio for Equitable Holdings Inc (NYSE: EQH) is above average at 12.81x. The 36-month beta value for EQH is also noteworthy at 1.42. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EQH is 323.71M, and at present, short sellers hold a 1.66% of that float. The average trading volume of EQH on July 03, 2024 was 2.67M shares.
EQH) stock’s latest price update
The stock price of Equitable Holdings Inc (NYSE: EQH) has surged by 1.35 when compared to previous closing price of 40.82, but the company has seen a 0.17% gain in its stock price over the last five trading sessions. 247wallst.com reported 2024-06-27 that 24/7 Wall St. Insights Jefferies is one of Wall Street’s fastest-growing firms.
Analysts’ Opinion of EQH
Many brokerage firms have already submitted their reports for EQH stocks, with UBS repeating the rating for EQH by listing it as a “Neutral.” The predicted price for EQH in the upcoming period, according to UBS is $43 based on the research report published on June 18, 2024 of the current year 2024.
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 3.86% 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 -1.38% of loss for the given period.
Volatility was left at 1.79%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +0.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.16% upper at present.
During the last 5 trading sessions, EQH rose by +0.17%, which changed the moving average for the period of 200-days by +42.02% in comparison to the 20-day moving average, which settled at $40.61. In addition, Equitable Holdings Inc saw 24.23% 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 0.82. 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 summary, Equitable Holdings Inc (EQH) has had a better 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.
