PG&E Corp. (NYSE: PCG) has a higher price-to-earnings ratio of 15.40x compared to its average ratio, The 36-month beta value for PCG is at 1.00. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for PCG is 2.01B, and currently, shorts hold a 1.82% of that float. The average trading volume for PCG on August 09, 2024 was 12.86M shares.
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PCG) stock’s latest price update
The stock price of PG&E Corp. (NYSE: PCG) has jumped by 0.14 compared to previous close of 18.12. Despite this, the company has seen a fall of -1.44% in its stock price over the last five trading days. prnewswire.com reported 2024-08-09 that A Free Call to 811 Will Help Keep You Safe and Avoid Expensive Repairs OAKLAND, Calif., Aug. 9, 2024 /PRNewswire/ — Sunday, Aug. 11, is recognized as National 811 Day, to raise awareness of the importance of making a free call to 811 before any digging project, large or small.
PCG’s Market Performance
PG&E Corp. (PCG) has seen a -1.44% fall in stock performance for the week, with a 1.03% gain in the past month and a 1.37% surge in the past quarter. The volatility ratio for the week is 2.21%, and the volatility levels for the past 30 days are at 1.61% for PCG. The simple moving average for the past 20 days is 0.39% for PCG’s stock, with a 4.94% 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 1.18% 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 -4.25% of loss for the given period.
Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 2.21%, as shares surge +0.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.25% upper at present.
During the last 5 trading sessions, PCG fell by -1.44%, which changed the moving average for the period of 200-days by +15.28% in comparison to the 20-day moving average, which settled at $18.08. In addition, PG&E Corp. saw 0.64% 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 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:
- 0.16 for the present operating margin
- 0.27 for the gross margin
The net margin for PG&E Corp. stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 10.13, with 2.01 for asset returns.
Based on PG&E Corp. (PCG), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 2.29. The interest coverage ratio of the stock is 2.61.
Currently, EBITDA for the company is 8.62 billion with net debt to EBITDA at 6.76. When we switch over and look at the enterprise to sales, we see a ratio of 3.95. The receivables turnover for the company is 2.04for 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 0.90.
Conclusion
In conclusion, PG&E Corp. (PCG) has had a better 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.
