The price-to-earnings ratio for NiSource Inc (NYSE: NI) is above average at 21.56x. The 36-month beta value for NI is also noteworthy at 0.51. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for NI is 447.43M, and at present, short sellers hold a 1.49% of that float. The average trading volume of NI on October 29, 2024 was 3.55M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
NI) stock’s latest price update
NiSource Inc (NYSE: NI)’s stock price has soared by 0.92 in relation to previous closing price of 34.82. Nevertheless, the company has seen a gain of 0.60% in its stock price over the last five trading days. zacks.com reported 2024-10-28 that NI’s third-quarter results are expected to benefit from new natural gas rates, flat operation and maintenance expenses, and the completion of a new solar project.
NI’s Market Performance
NiSource Inc (NI) has seen a 0.60% rise in stock performance for the week, with a 2.21% gain in the past month and a 11.84% surge in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.22% for NI. The simple moving average for the last 20 days is 1.45% for NI’s stock, with a simple moving average of 19.13% for the last 200 days.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with BofA Securities repeating the rating for NI by listing it as a “Buy.” The predicted price for NI in the upcoming period, according to BofA Securities is $37 based on the research report published on September 12, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NI reach a price target of $33. The rating they have provided for NI stocks is “Outperform” according to the report published on July 11th, 2024.
Barclays gave a rating of “Overweight” to NI, setting the target price at $28 in the report published on January 22nd of the current year.
NI Trading at 3.57% from the 50-Day Moving Average
After a stumble in the market that brought NI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.96% of loss for the given period.
Volatility was left at 1.22%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares surge +1.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.16% upper at present.
During the last 5 trading sessions, NI rose by +0.60%, which changed the moving average for the period of 200-days by +32.60% in comparison to the 20-day moving average, which settled at $34.64. In addition, NiSource Inc saw 32.35% 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 NI starting from Anderson Shawn, who sale 6,730 shares at the price of $32.24 back on Aug 21 ’24. After this action, Anderson Shawn now owns 165,281 shares of NiSource Inc, valued at $216,975 using the latest closing price.
Jefferson William Jr., the EVP, Chief Op & Safety Officer of NiSource Inc, sale 4,364 shares at $32.07 during a trade that took place back on Aug 19 ’24, which means that Jefferson William Jr. is holding 33,129 shares at $139,953 based on the most recent closing price.
Stock Fundamentals for NI
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.53 for the gross margin
The net margin for NiSource Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 10.23, with 2.70 for asset returns.
Based on NiSource Inc (NI), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 2.69.
Currently, EBITDA for the company is 2.23 billion with net debt to EBITDA at 5.55. When we switch over and look at the enterprise to sales, we see a ratio of 5.55. The receivables turnover for the company is 8.23for 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 0.78.
Conclusion
In summary, NiSource Inc (NI) 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.
