Evergy Inc (NASDAQ: EVRG)’s stock price has increased by 1.02 compared to its previous closing price of 59.73. However, the company has seen a 0.80% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-14 that Utilities benefit from lower interest rates and an increased demand for electricity. Evergy, Inc., a regulated utility, has a strong balance sheet, a 4.33% dividend yield, and 4-6% expected growth for the next five years. The stock looks about 6-7% undervalued based on both a relative and an absolute valuation.
Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?
The price-to-earnings ratio for Evergy Inc (NASDAQ: EVRG) is above average at 18.79x. The 36-month beta value for EVRG is also noteworthy at 0.60. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EVRG is 226.28M, and at present, short sellers hold a 3.68% of that float. The average trading volume of EVRG on October 16, 2024 was 1.77M shares.
EVRG’s Market Performance
The stock of Evergy Inc (EVRG) has seen a 0.80% increase in the past week, with a -2.69% drop in the past month, and a 9.17% gain in the past quarter. The volatility ratio for the week is 1.21%, and the volatility levels for the past 30 days are at 1.19% for EVRG. The simple moving average for the last 20 days is -0.81% for EVRG stock, with a simple moving average of 10.66% for the last 200 days.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Jefferies repeating the rating for EVRG by listing it as a “Buy.” The predicted price for EVRG in the upcoming period, according to Jefferies is $70 based on the research report published on September 20, 2024 of the current year 2024.
Ladenburg Thalmann, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $51. The rating they have provided for EVRG stocks is “Neutral” according to the report published on April 04th, 2024.
Citigroup gave a rating of “Buy” to EVRG, setting the target price at $64 in the report published on March 26th of the current year.
EVRG Trading at 0.60% from the 50-Day Moving Average
After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.57% of loss for the given period.
Volatility was left at 1.19%, however, over the last 30 days, the volatility rate increased by 1.21%, as shares sank -2.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.11% upper at present.
During the last 5 trading sessions, EVRG rose by +0.80%, which changed the moving average for the period of 200-days by +15.51% in comparison to the 20-day moving average, which settled at $60.84. In addition, Evergy 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 EVRG starting from Caisley Charles A., who sale 9,236 shares at the price of $59.63 back on Sep 03 ’24. After this action, Caisley Charles A. now owns 33,425 shares of Evergy Inc, valued at $550,753 using the latest closing price.
Caisley Charles A., the Officer of Evergy Inc, proposed sale 9,236 shares at $59.58 during a trade that took place back on Sep 03 ’24, which means that Caisley Charles A. is holding shares at $550,269 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- 0.23 for the present operating margin
- 0.4 for the gross margin
The net margin for Evergy Inc stands at 0.13. The total capital return value is set at 0.05. Equity return is now at value 7.69, with 2.38 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 0.59 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 1.45. The interest coverage ratio of the stock is 2.36.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 4.95. The receivables turnover for the company is 7.44for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.59.
Conclusion
In summary, Evergy Inc (EVRG) has had a better 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.
