The price-to-earnings ratio for Evergy Inc (NASDAQ: EVRG) is above average at 18.86x, Company’s 36-month beta value is 0.59.Analysts have differing opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for EVRG is 226.28M, and currently, short sellers hold a 3.26% ratio of that floaft. The average trading volume of EVRG on September 10, 2024 was 1.63M shares.
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EVRG) stock’s latest price update
Evergy Inc (NASDAQ: EVRG)’s stock price has increased by 0.19 compared to its previous closing price of 60.44. However, the company has seen a 1.43% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-06 that Utility stocks like AWK, AWR, EVRG and OGE are safe bets during times of market volatility.
EVRG’s Market Performance
Evergy Inc (EVRG) has seen a 1.43% rise in stock performance for the week, with a 3.18% gain in the past month and a 14.15% surge in the past quarter. The volatility ratio for the week is 1.49%, and the volatility levels for the past 30 days are at 1.39% for EVRG. The simple moving average for the last 20 days is 2.55% for EVRG stock, with a simple moving average of 13.60% for the last 200 days.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Ladenburg Thalmann repeating the rating for EVRG by listing it as a “Neutral.” The predicted price for EVRG in the upcoming period, according to Ladenburg Thalmann is $51 based on the research report published on April 04, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $64. The rating they have provided for EVRG stocks is “Buy” according to the report published on March 26th, 2024.
BofA Securities gave a rating of “Buy” to EVRG, setting the target price at $57 in the report published on March 13th of the current year.
EVRG Trading at 6.02% from the 50-Day Moving Average
After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.96% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.49%, as shares surge +3.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.35% upper at present.
During the last 5 trading sessions, EVRG rose by +1.46%, which changed the moving average for the period of 200-days by +20.66% in comparison to the 20-day moving average, which settled at $59.15. In addition, Evergy Inc saw 16.01% 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 EVRG starting from Caisley Charles A., who sale 9,236 shares at the price of $59.63 back on Sep 03 ’24. After this action, Caisley Charles A. now owns 33,425 shares of Evergy Inc, valued at $550,753 using the latest closing price.
Caisley Charles A., the Officer of Evergy Inc, proposed sale 9,236 shares at $59.58 during a trade that took place back on Sep 03 ’24, which means that Caisley Charles A. is holding shares at $550,269 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.4 for the gross margin
The net margin for Evergy Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 7.69, with 2.38 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 0.59 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 1.45. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 4.96. The receivables turnover for the company is 7.44for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
Conclusion
In a nutshell, Evergy Inc (EVRG) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
