The price-to-earnings ratio for Consolidated Edison, Inc. (NYSE: ED) is above average at 20.45x, Company’s 36-month beta value is 0.35.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 7 as “hold,” and 5 as “sell.”
The public float for ED is 345.47M, and currently, short sellers hold a 1.88% ratio of that floaft. The average trading volume of ED on October 02, 2024 was 1.66M shares.
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ED) stock’s latest price update
Consolidated Edison, Inc. (NYSE: ED)’s stock price has gone rise by 0.98 in comparison to its previous close of 104.13, however, the company has experienced a 2.27% increase in its stock price over the last five trading days. prnewswire.com reported 2024-09-30 that NEW YORK , Sept. 30, 2024 /PRNewswire/ — Consolidated Edison, Inc. (NYSE: ED) will make a clean energy presentation from 9 a.m.
ED’s Market Performance
Consolidated Edison, Inc. (ED) has seen a 2.27% rise in stock performance for the week, with a 3.53% gain in the past month and a 18.19% surge in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are at 1.45% for ED. The simple moving average for the past 20 days is 1.31% for ED’s stock, with a 12.30% simple moving average for the past 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 3.90% 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 -0.79% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +1.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.11% upper at present.
During the last 5 trading sessions, ED rose by +2.27%, which changed the moving average for the period of 200-days by +11.85% in comparison to the 20-day moving average, which settled at $103.88. In addition, Consolidated Edison, Inc. saw 15.59% 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 $105.07 back on Sep 16 ’24. After this action, Miller Joseph now owns 1,203 shares of Consolidated Edison, Inc., valued at $97 using the latest closing price.
Miller Joseph, the VP & Controller of Consolidated Edison, Inc., purchase 1 shares at $90.27 during a trade that took place back on Jun 14 ’24, which means that Miller Joseph is holding 1,184 shares at $96 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 4.15. 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 a nutshell, Consolidated Edison, Inc. (ED) 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.
