The price-to-earnings ratio for Idacorp, Inc (NYSE: IDA) is 20.17x, which is above its average ratio. Moreover, the 36-month beta value for IDA is 0.60. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for IDA is 53.02M and currently, short sellers hold a 1.38% of that float. On November 01, 2024, IDA’s average trading volume was 282.78K shares.
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IDA) stock’s latest price update
The stock price of Idacorp, Inc (NYSE: IDA) has surged by 4.25 when compared to previous closing price of 103.48, but the company has seen a 4.08% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 5.2% and a median increase of 4.2%. There are sixteen increases for next week, up from six last week.
IDA’s Market Performance
Idacorp, Inc (IDA) has seen a 4.08% rise in stock performance for the week, with a 6.02% gain in the past month and a 7.14% surge in the past quarter. The volatility ratio for the week is 2.01%, and the volatility levels for the past 30 days are at 1.37% for IDA. The simple moving average for the last 20 days is 4.55% for IDA stock, with a simple moving average of 12.34% for the last 200 days.
Analysts’ Opinion of IDA
Jefferies, on the other hand, stated in their research note that they expect to see IDA reach a price target of $110. The rating they have provided for IDA stocks is “Hold” according to the report published on September 20th, 2024.
BofA Securities gave a rating of “Neutral” to IDA, setting the target price at $110 in the report published on September 12th of the current year.
IDA Trading at 4.77% from the 50-Day Moving Average
After a stumble in the market that brought IDA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.49% of gains for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 2.01%, as shares surge +6.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.19% upper at present.
During the last 5 trading sessions, IDA rose by +4.73%, which changed the moving average for the period of 200-days by +17.83% in comparison to the 20-day moving average, which settled at $103.22. In addition, Idacorp, Inc saw 9.72% 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 IDA starting from Hanchey James Bo D, who sale 1,500 shares at the price of $95.09 back on May 23 ’24. After this action, Hanchey James Bo D now owns 1,650 shares of Idacorp, Inc, valued at $142,632 using the latest closing price.
Stock Fundamentals for IDA
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.27 for the gross margin
The net margin for Idacorp, Inc stands at 0.15. The total capital return value is set at 1.13. Equity return is now at value 9.06, with 3.32 for asset returns.
Based on Idacorp, Inc (IDA), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.96. The interest coverage ratio of the stock is 2.96.
Currently, EBITDA for the company is 553.95 million with net debt to EBITDA at 6.77. When we switch over and look at the enterprise to sales, we see a ratio of 4.84. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
To wrap up, the performance of Idacorp, Inc (IDA) has been better 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.
