PG&E Corp. (NYSE: PCG) has experienced a rise in its stock price by 0.41 compared to its previous closing price of 19.55. However, the company has seen a fall of -0.41% in its stock price over the last five trading days. prnewswire.com reported 2024-10-10 that PG&E and The PG&E Corporation Foundation Grant Programs Support Climate Action Key Investments for Local Communities OAKLAND, Calif., Oct. 10, 2024 /PRNewswire/ — Whether it’s wildfires and unseasonable heat in the west or destructive hurricanes in the southeast, current climate impacts demand action.
Is It Worth Investing in PG&E Corp. (NYSE: PCG) Right Now?
PG&E Corp. (NYSE: PCG) has a price-to-earnings ratio of 16.66x that is above its average ratio. Additionally, the 36-month beta value for PCG is 1.04. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
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The public float for PCG is 2.09B and currently, short sellers hold a 1.68% ratio of that float. The average trading volume of PCG on October 14, 2024 was 13.39M shares.
PCG’s Market Performance
The stock of PG&E Corp. (PCG) has seen a -0.41% decrease in the past week, with a -0.20% drop in the past month, and a 11.09% gain in the past quarter. The volatility ratio for the week is 1.25%, and the volatility levels for the past 30 days are at 1.53% for PCG. The simple moving average for the last 20 days is -0.66% for PCG’s stock, with a simple moving average of 10.28% for the last 200 days.
Analysts’ Opinion of PCG
Many brokerage firms have already submitted their reports for PCG stocks, with BofA Securities repeating the rating for PCG by listing it as a “Buy.” The predicted price for PCG in the upcoming period, according to BofA Securities is $24 based on the research report published on September 12, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see PCG reach a price target of $22, previously predicting the price at $19. The rating they have provided for PCG stocks is “Overweight” according to the report published on June 10th, 2024.
Goldman gave a rating of “Buy” to PCG, setting the target price at $21 in the report published on April 10th of the current year.
PCG Trading at 1.77% from the 50-Day Moving Average
After a stumble in the market that brought PCG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.92% of loss for the given period.
Volatility was left at 1.53%, however, over the last 30 days, the volatility rate increased by 1.25%, as shares sank -0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.45% upper at present.
During the last 5 trading sessions, PCG fell by -0.41%, which changed the moving average for the period of 200-days by +9.85% in comparison to the 20-day moving average, which settled at $19.76. In addition, PG&E Corp. saw 8.87% 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 PCG starting from Williams Stephanie N, who sale 38,601 shares at the price of $18.32 back on Aug 15 ’24. After this action, Williams Stephanie N now owns 19,114 shares of PG&E Corp., valued at $707,170 using the latest closing price.
Williams Stephanie N, the Officer of PG&E Corp., proposed sale 38,601 shares at $18.32 during a trade that took place back on Aug 15 ’24, which means that Williams Stephanie N is holding shares at $707,148 based on the most recent closing price.
Stock Fundamentals for PCG
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.27 for the gross margin
The net margin for PG&E Corp. stands at 0.1. The total capital return value is set at 0.04. Equity return is now at value 10.13, with 2.01 for asset returns.
Based on PG&E Corp. (PCG), the company’s capital structure generated 0.7 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 2.29. The interest coverage ratio of the stock is 1.26.
Currently, EBITDA for the company is 8.62 billion with net debt to EBITDA at 6.76. When we switch over and look at the enterprise to sales, we see a ratio of 4.08. The receivables turnover for the company is 2.04for trailing twelve months and the total asset turnover is 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.90.
Conclusion
In conclusion, PG&E Corp. (PCG) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
