The stock price of TXNM Energy Inc. (NYSE: TXNM) has surged by 1.76 when compared to previous closing price of 40.87, but the company has seen a -0.12% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-11 that ALBUQUERQUE, N.M., Sept. 11, 2024 /PRNewswire/ — The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock.
Is It Worth Investing in TXNM Energy Inc. (NYSE: TXNM) Right Now?
The price-to-earnings ratio for TXNM Energy Inc. (NYSE: TXNM) is above average at 45.97x. The 36-month beta value for TXNM is also noteworthy at 0.36. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for TXNM is 89.03M, and at present, short sellers hold a 2.70% of that float. The average trading volume of TXNM on September 13, 2024 was 638.68K shares.
TXNM’s Market Performance
TXNM stock saw an increase of -0.12% in the past week, with a monthly gain of 2.09% and a quarterly increase of 10.49%. The volatility ratio for the week is 1.58%, and the volatility levels for the last 30 days are 1.55% for TXNM Energy Inc. (TXNM). The simple moving average for the last 20 days is 1.58% for TXNM stock, with a simple moving average of 7.86% for the last 200 days.
Analysts’ Opinion of TXNM
Many brokerage firms have already submitted their reports for TXNM stocks, with Evercore ISI repeating the rating for TXNM by listing it as a “In-line.” The predicted price for TXNM in the upcoming period, according to Evercore ISI is $38 based on the research report published on May 30, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TXNM reach a price target of $40. The rating they have provided for TXNM stocks is “Overweight” according to the report published on February 08th, 2024.
Wells Fargo gave a rating of “Overweight” to TXNM, setting the target price at $44 in the report published on January 03rd of the current year.
TXNM Trading at 3.74% from the 50-Day Moving Average
After a stumble in the market that brought TXNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -7.78% of loss for the given period.
Volatility was left at 1.55%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares surge +2.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.89% upper at present.
During the last 5 trading sessions, TXNM fell by -0.12%, which changed the moving average for the period of 200-days by -0.98% in comparison to the 20-day moving average, which settled at $41.00. In addition, TXNM Energy Inc. saw -0.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TXNM
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.58 for the gross margin
The net margin for TXNM Energy Inc. stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 3.55, with 0.82 for asset returns.
Based on TXNM Energy Inc. (TXNM), the company’s capital structure generated 0.69 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 2.21. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 687.25 million with net debt to EBITDA at 7.55. When we switch over and look at the enterprise to sales, we see a ratio of 4.93. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In summary, TXNM Energy Inc. (TXNM) has had a mixed 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.
