Centerpoint Energy Inc. (NYSE: CNP)’s stock price has decreased by -0.31 compared to its previous closing price of 25.87. However, the company has seen a -2.57% decrease in its stock price over the last five trading sessions. accesswire.com reported 2024-08-18 that LOS ANGELES, CA / ACCESSWIRE / August 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of CenterPoint Energy, Inc. (“CenterPoint” or “the Company”) (NYSE:CNP) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.
Is It Worth Investing in Centerpoint Energy Inc. (NYSE: CNP) Right Now?
Centerpoint Energy Inc. (NYSE: CNP) has a higher price-to-earnings ratio of 15.96x compared to its average ratio. CNP has 36-month beta value of 0.92. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for CNP is 648.61M, and currently, short sellers hold a 1.88% ratio of that float. The average trading volume of CNP on August 19, 2024 was 6.40M shares.
CNP’s Market Performance
CNP’s stock has seen a -2.57% decrease for the week, with a -10.51% drop in the past month and a -13.86% fall in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.44% for Centerpoint Energy Inc. The simple moving average for the past 20 days is -5.94% for CNP’s stock, with a -9.67% simple moving average for the past 200 days.
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with Wells Fargo repeating the rating for CNP by listing it as a “Equal Weight.” The predicted price for CNP in the upcoming period, according to Wells Fargo is $28 based on the research report published on August 13, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to CNP, setting the target price at $29 in the report published on August 02nd of the current year.
CNP Trading at -11.49% 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 -18.30% of loss for the given period.
Volatility was left at 2.44%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares sank -10.98% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.25% lower at present.
During the last 5 trading sessions, CNP fell by -2.57%, which changed the moving average for the period of 200-days by -4.09% in comparison to the 20-day moving average, which settled at $27.26. In addition, Centerpoint Energy Inc. saw -9.73% 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 4.25. 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 put it simply, Centerpoint Energy Inc. (CNP) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
