The stock of Eversource Energy (ES) has seen a -1.00% decrease in the past week, with a -4.58% drop in the past month, and a -4.64% decrease in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.99% for ES. The simple moving average for the past 20 days is -3.02% for ES’s stock, with a -3.17% 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 0.60. 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.”
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The public float for ES is 351.23M, and at present, short sellers hold a 1.62% of that float. The average trading volume of ES on July 03, 2024 was 1.99M shares.
ES) stock’s latest price update
Eversource Energy (NYSE: ES)’s stock price has decreased by -0.07 compared to its previous closing price of 56.56. However, the company has seen a -1.00% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-07-01 that UPS, T. Rowe Price, and Eversource Energy each have dividend yields exceeding 4%, suggesting undervaluation. Despite near-term challenges, all three companies retain competitive advantages and long-term growth potential. UPS benefits from distribution scale, T. Rowe Price has a retirement fund franchise that performs well, and Eversource is a regulated monopoly, making them attractive buys.
Analysts’ Opinion of ES
Many brokerage firms have already submitted their reports for ES stocks, with BofA Securities repeating the rating for ES by listing it as a “Neutral.” The predicted price for ES in the upcoming period, according to BofA Securities is $61 based on the research report published on June 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ES reach a price target of $73. The rating they have provided for ES stocks is “Buy” according to the report published on April 10th, 2024.
UBS gave a rating of “Buy” to ES, setting the target price at $67 in the report published on April 04th of the current year.
ES Trading at -4.79% 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 -24.45% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.31% lower at present.
During the last 5 trading sessions, ES fell by -1.00%, which changed the moving average for the period of 200-days by -12.29% in comparison to the 20-day moving average, which settled at $58.12. In addition, Eversource Energy saw -8.43% 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 Conner Penelope M, who sale 2,700 shares at the price of $58.75 back on May 31 ’24. After this action, Conner Penelope M now owns 10,272 shares of Eversource Energy, valued at $158,633 using the latest closing price.
BUTLER GREGORY B, the Executive VP & General Counsel of Eversource Energy, sale 10,000 shares at $56.20 during a trade that took place back on May 29 ’24, which means that BUTLER GREGORY B is holding 63,808 shares at $562,010 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 2.74.
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 4.19. 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 bad 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.
