The stock of Centerpoint Energy Inc. (CNP) has gone up by 4.88% for the week, with a 9.94% rise in the past month and a 0.66% rise in the past quarter. The volatility ratio for the week is 1.82%, and the volatility levels for the past 30 days are 1.96% for CNP. The simple moving average for the past 20 days is 6.94% for CNP’s stock, with a 6.96% simple moving average for the past 200 days.
Is It Worth Investing in Centerpoint Energy Inc. (NYSE: CNP) Right Now?
Centerpoint Energy Inc. (NYSE: CNP) has a price-to-earnings ratio that is above its average at 18.89x. The stock has a 36-month beta value of 0.91. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 2 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for CNP is 649.08M, and at present, short sellers hold a 1.85% of that float. On October 07, 2024, the average trading volume of CNP was 7.03M shares.
CNP) stock’s latest price update
Centerpoint Energy Inc. (NYSE: CNP)’s stock price has plunge by 0.73relation to previous closing price of 30.30. Nevertheless, the company has seen a 4.88% surge in its stock price over the last five trading sessions. zacks.com reported 2024-10-03 that Investors interested in Utility – Electric Power stocks are likely familiar with FirstEnergy (FE) and CenterPoint Energy (CNP). But which of these two companies is the best option for those looking for undervalued stocks?
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with BofA Securities repeating the rating for CNP by listing it as a “Neutral.” The predicted price for CNP in the upcoming period, according to BofA Securities is $29 based on the research report published on September 12, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see CNP reach a price target of $28, previously predicting the price at $32. The rating they have provided for CNP stocks is “Equal Weight” according to the report published on August 13th, 2024.
CNP Trading at 10.59% from the 50-Day Moving Average
After a stumble in the market that brought CNP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.31% of loss for the given period.
Volatility was left at 1.96%, however, over the last 30 days, the volatility rate increased by 1.82%, as shares surge +11.88% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.68% upper at present.
During the last 5 trading sessions, CNP rose by +4.88%, which changed the moving average for the period of 200-days by +5.94% in comparison to the 20-day moving average, which settled at $28.70. In addition, Centerpoint Energy Inc. saw 6.83% 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 CNP starting from Smitherman Barry T, who sale 5,670 shares at the price of $29.42 back on May 03 ’24. After this action, Smitherman Barry T now owns 21,203 shares of Centerpoint Energy Inc., valued at $166,811 using the latest closing price.
Foster Christopher A, the EVP and CFO of Centerpoint Energy Inc., purchase 5,000 shares at $28.10 during a trade that took place back on Nov 29 ’23, which means that Foster Christopher A is holding 147,693 shares at $140,496 based on the most recent closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.37 for the gross margin
The net margin for Centerpoint Energy Inc. stands at 0.12. The total capital return value is set at 0.05. Equity return is now at value 10.15, with 2.66 for asset returns.
Based on Centerpoint Energy Inc. (CNP), the company’s capital structure generated 0.66 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 1.9. The interest coverage ratio of the stock is 2.39.
Currently, EBITDA for the company is 3.2 billion with net debt to EBITDA at 5.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.61. The receivables turnover for the company is 7.42for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.20.
Conclusion
To sum up, Centerpoint Energy Inc. (CNP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
