The price-to-earnings ratio for Edison International (NYSE: EIX) is above average at 33.42x. The 36-month beta value for EIX is also noteworthy at 0.93. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for EIX is 385.73M, and at present, short sellers hold a 1.54% of that float. The average trading volume of EIX on October 30, 2024 was 1.93M shares.
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EIX) stock’s latest price update
Edison International (NYSE: EIX) has seen a decline in its stock price by -1.59 in relation to its previous close of 84.48. However, the company has experienced a -3.13% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-29 that Start Time: 16:30 January 1, 0000 5:28 PM ET Edison International (NYSE:EIX ) Q3 2024 Earnings Conference Call October 29, 2024, 16:30 AM ET Company Participants Pedro Pizarro – President and CEO Maria Rigatti – EVP and CFO Steve Powell – President and CEO, Southern California Edison Sam Ramraj – VP, IR Conference Call Participants Michael Lonegan – Evercore ISI Shar Pourreza – Guggenheim Partners Anthony Crowdell – Mizuho Steven Fleishman – Wolfe Research Ryan Levine – Citi Gregg Orrill – UBS Nicholas Campanella – Barclays Rich Sunderland – JPMorgan David Arcaro – Morgan Stanley Angie Storozynski – Seaport Operator Good afternoon, and welcome to the Edison International Third Quarter 2024 Financial Teleconference. My name is Sheila, and I will be your operator today.
EIX’s Market Performance
Edison International (EIX) has experienced a -3.13% fall in stock performance for the past week, with a -4.54% drop in the past month, and a 3.91% rise in the past quarter. The volatility ratio for the week is 1.58%, and the volatility levels for the past 30 days are at 1.54% for EIX. The simple moving average for the last 20 days is -2.20% for EIX stock, with a simple moving average of 10.32% for the last 200 days.
Analysts’ Opinion of EIX
Many brokerage firms have already submitted their reports for EIX stocks, with BofA Securities repeating the rating for EIX by listing it as a “Buy.” The predicted price for EIX in the upcoming period, according to BofA Securities is $95 based on the research report published on September 12, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see EIX reach a price target of $82, previously predicting the price at $83. The rating they have provided for EIX stocks is “Neutral” according to the report published on July 19th, 2024.
Goldman gave a rating of “Neutral” to EIX, setting the target price at $78 in the report published on April 10th of the current year.
EIX Trading at -2.71% from the 50-Day Moving Average
After a stumble in the market that brought EIX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.34% of loss for the given period.
Volatility was left at 1.54%, however, over the last 30 days, the volatility rate increased by 1.58%, as shares sank -5.23% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.89% lower at present.
During the last 5 trading sessions, EIX fell by -3.13%, which changed the moving average for the period of 200-days by +16.51% in comparison to the 20-day moving average, which settled at $85.01. In addition, Edison International saw 16.30% 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 EIX starting from Murphy J Andrew, who sale 23,896 shares at the price of $85.45 back on Aug 26 ’24. After this action, Murphy J Andrew now owns 19,850 shares of Edison International, valued at $2,041,856 using the latest closing price.
Murphy J Andrew, the PRESIDENT & CEO, EDISON ENERGY of Edison International, sale 1,362 shares at $85.00 during a trade that took place back on Aug 23 ’24, which means that Murphy J Andrew is holding 19,850 shares at $115,770 based on the most recent closing price.
Stock Fundamentals for EIX
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.38 for the gross margin
The net margin for Edison International stands at 0.07. The total capital return value is set at 0.03. Equity return is now at value 6.66, with 1.26 for asset returns.
Based on Edison International (EIX), the company’s capital structure generated 0.7 points at debt to capital in total, while cash flow to debt ratio is standing at 0.11. The debt to equity ratio resting at 2.36. The interest coverage ratio of the stock is 1.36.
Currently, EBITDA for the company is 5.7 billion with net debt to EBITDA at 6.75. When we switch over and look at the enterprise to sales, we see a ratio of 4.11. The receivables turnover for the company is 5.56for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.03.
Conclusion
In summary, Edison International (EIX) has had a mixed 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.
