NextEra Energy Partners LP (NYSE: NEP)’s stock price has gone rise by 1.69 in comparison to its previous close of 25.41, however, the company has experienced a 2.34% increase in its stock price over the last five trading days. zacks.com reported 2024-09-17 that NextEra Energy Partners (NEP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Is It Worth Investing in NextEra Energy Partners LP (NYSE: NEP) Right Now?
The price-to-earnings ratio for NextEra Energy Partners LP (NYSE: NEP) is above average at 8.13x. The 36-month beta value for NEP is also noteworthy at 1.02. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NEP is 90.93M, and at present, short sellers hold a 5.15% of that float. The average trading volume of NEP on September 19, 2024 was 1.38M shares.
NEP’s Market Performance
NEP’s stock has seen a 2.34% increase for the week, with a 1.10% rise in the past month and a -7.91% fall in the past quarter. The volatility ratio for the week is 2.78%, and the volatility levels for the past 30 days are at 2.67% for NextEra Energy Partners LP. The simple moving average for the past 20 days is 2.87% for NEP’s stock, with a -8.65% simple moving average for the past 200 days.
Analysts’ Opinion of NEP
Many brokerage firms have already submitted their reports for NEP stocks, with Morgan Stanley repeating the rating for NEP by listing it as a “Underweight.” The predicted price for NEP in the upcoming period, according to Morgan Stanley is $20 based on the research report published on July 31, 2024 of the current year 2024.
NEP Trading at 0.49% from the 50-Day Moving Average
After a stumble in the market that brought NEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -49.37% of loss for the given period.
Volatility was left at 2.67%, however, over the last 30 days, the volatility rate increased by 2.78%, as shares surge +1.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.58% lower at present.
During the last 5 trading sessions, NEP rose by +2.34%, which changed the moving average for the period of 200-days by +9.77% in comparison to the 20-day moving average, which settled at $25.13. In addition, NextEra Energy Partners LP saw -15.03% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEP
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.23 for the gross margin
The net margin for NextEra Energy Partners LP stands at 0.25. The total capital return value is set at 0.0. Equity return is now at value -1.58, with -0.25 for asset returns.
Based on NextEra Energy Partners LP (NEP), the company’s capital structure generated 0.62 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 1.63. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 575.0 million with net debt to EBITDA at 7.9. When we switch over and look at the enterprise to sales, we see a ratio of 6.55. The receivables turnover for the company is 1.24for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.30.
Conclusion
In summary, NextEra Energy Partners LP (NEP) 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’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.
