The price-to-earnings ratio for Black Hills Corporation (NYSE: BKH) is 15.09x, which is above its average ratio. Moreover, the 36-month beta value for BKH is 0.67. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for BKH is 69.34M and currently, short sellers hold a 3.11% of that float. On October 24, 2024, BKH’s average trading volume was 401.73K shares.
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BKH) stock’s latest price update
Black Hills Corporation (NYSE: BKH)’s stock price has soared by 0.33 in relation to previous closing price of 60.87. Nevertheless, the company has seen a loss of -1.56% in its stock price over the last five trading days. fool.com reported 2024-10-18 that The average utility is yielding 2.7%; this duo is yielding well north of that figure and each sells for less than $200 a share.
BKH’s Market Performance
BKH’s stock has fallen by -1.56% in the past week, with a monthly drop of -0.11% and a quarterly rise of 4.81%. The volatility ratio for the week is 1.45% while the volatility levels for the last 30 days are 1.38% for Black Hills Corporation. The simple moving average for the past 20 days is 0.98% for BKH’s stock, with a 9.94% simple moving average for the past 200 days.
Analysts’ Opinion of BKH
Many brokerage firms have already submitted their reports for BKH stocks, with Mizuho repeating the rating for BKH by listing it as a “Neutral.” The predicted price for BKH in the upcoming period, according to Mizuho is $53 based on the research report published on November 21, 2023 of the previous year 2023.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see BKH reach a price target of $68, previously predicting the price at $81. The rating they have provided for BKH stocks is “Sector Perform” according to the report published on February 10th, 2023.
Sidoti gave a rating of “Neutral” to BKH, setting the target price at $67 in the report published on February 09th of the previous year.
BKH Trading at 2.09% from the 50-Day Moving Average
After a stumble in the market that brought BKH to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.82% of loss for the given period.
Volatility was left at 1.38%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +0.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.95% upper at present.
During the last 5 trading sessions, BKH fell by -1.56%, which changed the moving average for the period of 200-days by +8.98% in comparison to the 20-day moving average, which settled at $60.48. In addition, Black Hills Corporation saw 13.20% 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 BKH starting from Roberts Rebecca B, who sale 3,094 shares at the price of $54.84 back on May 30 ’24. After this action, Roberts Rebecca B now owns 7,956 shares of Black Hills Corporation, valued at $169,687 using the latest closing price.
Stock Fundamentals for BKH
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.29 for the gross margin
The net margin for Black Hills Corporation stands at 0.13. The total capital return value is set at 0.06. Equity return is now at value 8.53, with 2.81 for asset returns.
Based on Black Hills Corporation (BKH), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.44. The interest coverage ratio of the stock is 2.79.
Currently, EBITDA for the company is 736.7 million with net debt to EBITDA at 5.46. When we switch over and look at the enterprise to sales, we see a ratio of 3.98. The receivables turnover for the company is 8.82for 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 1.06.
Conclusion
To wrap up, the performance of Black Hills Corporation (BKH) has been mixed in recent times. The stock has received a mixed of “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.
