Eversource Energy (NYSE: ES)’s stock price has increased by 0.15 compared to its previous closing price of 66.13. However, the company has seen a 1.27% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-10-17 that HARTFORD, Conn. & BOSTON–(BUSINESS WIRE)–As a strong reinforcement of its position as an energy industry leader, Eversource (NYSE: ES) has been listed in TIME’s ranking of the World’s Best Companies in 2024 which was curated in collaboration with global research and data firm Statista. Ranked #396 overall out of 1,000 companies and the #1 U.S. utility, this recognition highlights the energy company’s exceptional performance in three key categories, including employee satisfaction, revenue gro.
Is It Worth Investing in Eversource Energy (NYSE: ES) Right Now?
ES has 36-month beta value of 0.62. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 5 as “overweight,” 7 as “hold,” and 1 as “sell.”
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The public float for ES is 356.43M, and currently, short sellers hold a 1.29% ratio of that float. The average trading volume of ES on October 23, 2024 was 2.16M shares.
ES’s Market Performance
ES stock saw a decrease of 1.27% in the past week, with a monthly decline of -0.45% and a quarterly a decrease of 5.08%. The volatility ratio for the week is 1.54%, and the volatility levels for the last 30 days are 1.73% for Eversource Energy (ES). The simple moving average for the last 20 days is 1.05% for ES stock, with a simple moving average of 8.86% for the last 200 days.
Analysts’ Opinion of ES
Many brokerage firms have already submitted their reports for ES stocks, with BofA Securities repeating the rating for ES by listing it as a “Neutral.” The predicted price for ES in the upcoming period, according to BofA Securities is $61 based on the research report published on June 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ES reach a price target of $73. The rating they have provided for ES stocks is “Buy” according to the report published on April 10th, 2024.
UBS gave a rating of “Buy” to ES, setting the target price at $67 in the report published on April 04th of the current year.
ES Trading at -0.32% from the 50-Day Moving Average
After a stumble in the market that brought ES to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.03% of loss for the given period.
Volatility was left at 1.73%, however, over the last 30 days, the volatility rate increased by 1.54%, as shares sank -0.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.10% upper at present.
During the last 5 trading sessions, ES rose by +1.27%, which changed the moving average for the period of 200-days by +6.70% in comparison to the 20-day moving average, which settled at $65.54. In addition, Eversource Energy saw 7.31% 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 ES starting from Carmody Christine M, who proposed sale 29,467 shares at the price of $65.99 back on Sep 26 ’24. After this action, Carmody Christine M now owns shares of Eversource Energy, valued at $1,944,418 using the latest closing price.
NOVA DANIEL J, the Trustee of Eversource Energy, purchase 125 shares at $58.93 during a trade that took place back on Feb 23 ’24, which means that NOVA DANIEL J is holding 100 shares at $7,366 based on the most recent closing price.
Stock Fundamentals for ES
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.35 for the gross margin
The net margin for Eversource Energy stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -0.60, with -0.16 for asset returns.
Based on Eversource Energy (ES), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 1.95. The interest coverage ratio of the stock is 2.6.
Currently, EBITDA for the company is 3.22 billion with net debt to EBITDA at 7.74. When we switch over and look at the enterprise to sales, we see a ratio of 4.63. The receivables turnover for the company is 6.8for 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 0.75.
Conclusion
To put it simply, Eversource Energy (ES) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
