Centerpoint Energy Inc. (NYSE: CNP) has a price-to-earnings ratio that is above its average at 16.05x. The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”
The public float for CNP is 639.31M, and at present, short sellers hold a 2.38% of that float. On August 06, 2024, the average trading volume of CNP was 5.79M shares.
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CNP) stock’s latest price update
Centerpoint Energy Inc. (NYSE: CNP) has experienced a decline in its stock price by -4.21 compared to its previous closing price of 27.07. However, the company has seen a fall of -11.17% in its stock price over the last five trading days. globenewswire.com reported 2024-08-03 that NEW YORK, Aug. 03, 2024 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of CenterPoint Energy, Inc. (“CenterPoint” or the “Company”) (NYSE: CNP). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
CNP’s Market Performance
Centerpoint Energy Inc. (CNP) has experienced a -11.17% fall in stock performance for the past week, with a -14.96% drop in the past month, and a -11.95% drop in the past quarter. The volatility ratio for the week is 3.70%, and the volatility levels for the past 30 days are at 2.69% for CNP. The simple moving average for the last 20 days is -10.34% for CNP’s stock, with a simple moving average of -9.38% for the last 200 days.
Analysts’ Opinion of CNP
JP Morgan, on the other hand, stated in their research note that they expect to see CNP reach a price target of $29, previously predicting the price at $32. The rating they have provided for CNP stocks is “Neutral” according to the report published on August 02nd, 2024.
BMO Capital Markets gave a rating of “Market Perform” to CNP, setting the target price at $28 in the report published on August 02nd of the current year.
CNP Trading at -13.14% from the 50-Day Moving Average
After a stumble in the market that brought CNP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.85% of loss for the given period.
Volatility was left at 2.69%, however, over the last 30 days, the volatility rate increased by 3.70%, as shares sank -14.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.74% lower at present.
During the last 5 trading sessions, CNP fell by -11.17%, which changed the moving average for the period of 200-days by -7.19% in comparison to the 20-day moving average, which settled at $28.70. In addition, Centerpoint Energy Inc. saw -9.24% 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 CNP starting from Smitherman Barry T, who sale 5,670 shares at the price of $29.42 back on May 03 ’24. After this action, Smitherman Barry T now owns 21,203 shares of Centerpoint Energy Inc., valued at $166,811 using the latest closing price.
Foster Christopher A, the EVP and CFO of Centerpoint Energy Inc., purchase 5,000 shares at $28.10 during a trade that took place back on Nov 29 ’23, which means that Foster Christopher A is holding 147,693 shares at $140,496 based on the most recent closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.37 for the gross margin
The net margin for Centerpoint Energy Inc. stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 10.15, with 2.66 for asset returns.
Based on Centerpoint Energy Inc. (CNP), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.9. The interest coverage ratio of the stock is 5.11.
Currently, EBITDA for the company is 3.2 billion with net debt to EBITDA at 5.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.23. The receivables turnover for the company is 7.42for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
To sum up, Centerpoint Energy Inc. (CNP) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
