The price-to-earnings ratio for Consolidated Edison, Inc. (NYSE: ED) is above average at 20.16x. The 36-month beta value for ED is also noteworthy at 0.34. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 5 rating it as “sell.”
The public float for ED is 345.47M, and at present, short sellers hold a 1.63% of that float. The average trading volume of ED on September 11, 2024 was 1.67M shares.
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ED) stock’s latest price update
Consolidated Edison, Inc. (NYSE: ED)’s stock price has plunge by -1.25relation to previous closing price of 104.97. Nevertheless, the company has seen a -0.71% plunge in its stock price over the last five trading sessions. 247wallst.com reported 2024-09-05 that 24/7 Wall St. Insights The S&P 500 is up a stunning 16.5% this year, after a massive 2023.
ED’s Market Performance
ED’s stock has fallen by -0.71% in the past week, with a monthly rise of 1.69% and a quarterly rise of 12.98%. The volatility ratio for the week is 1.37% while the volatility levels for the last 30 days are 1.32% for Consolidated Edison, Inc. The simple moving average for the last 20 days is 2.04% for ED stock, with a simple moving average of 11.74% for the last 200 days.
Analysts’ Opinion of ED
Many brokerage firms have already submitted their reports for ED stocks, with Barclays repeating the rating for ED by listing it as a “Underweight.” The predicted price for ED in the upcoming period, according to Barclays is $92 based on the research report published on July 22, 2024 of the current year 2024.
Ladenburg Thalmann gave a rating of “Neutral” to ED, setting the target price at $92.50 in the report published on January 03rd of the current year.
ED Trading at 6.23% from the 50-Day Moving Average
After a stumble in the market that brought ED to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.20% of loss for the given period.
Volatility was left at 1.32%, however, over the last 30 days, the volatility rate increased by 1.37%, as shares surge +1.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.45% upper at present.
During the last 5 trading sessions, ED fell by -0.94%, which changed the moving average for the period of 200-days by +14.25% in comparison to the 20-day moving average, which settled at $101.68. In addition, Consolidated Edison, Inc. saw 13.95% 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 ED starting from Miller Joseph, who purchase 1 shares at the price of $90.27 back on Jun 14 ’24. After this action, Miller Joseph now owns 1,184 shares of Consolidated Edison, Inc., valued at $96 using the latest closing price.
KILLIAN JOHN F, the Director of Consolidated Edison, Inc., sale 1,500 shares at $97.12 during a trade that took place back on May 22 ’24, which means that KILLIAN JOHN F is holding 38,496 shares at $145,680 based on the most recent closing price.
Stock Fundamentals for ED
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.56 for the gross margin
The net margin for Consolidated Edison, Inc. stands at 0.12. The total capital return value is set at 0.04. Equity return is now at value 8.42, with 2.71 for asset returns.
Based on Consolidated Edison, Inc. (ED), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 1.21. The interest coverage ratio of the stock is 2.27.
Currently, EBITDA for the company is 5.1 billion with net debt to EBITDA at 4.87. When we switch over and look at the enterprise to sales, we see a ratio of 4.1. The receivables turnover for the company is 4.12for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In summary, Consolidated Edison, Inc. (ED) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as 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.
