The stock of TXNM Energy Inc (TXNM) has gone down by -0.57% for the week, with a 0.55% rise in the past month and a 9.12% rise in the past quarter. The volatility ratio for the week is 1.63%, and the volatility levels for the past 30 days are 1.45% for TXNM. The simple moving average for the past 20 days is 0.69% for TXNM’s stock, with a 12.50% simple moving average for the past 200 days.
Is It Worth Investing in TXNM Energy Inc (NYSE: TXNM) Right Now?
The price-to-earnings ratio for TXNM Energy Inc (NYSE: TXNM) is above average at 48.53x, Company’s 36-month beta value is 0.36.Analysts have differing opinions on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for TXNM is 89.03M, and currently, short sellers hold a 4.03% ratio of that floaft. The average trading volume of TXNM on November 01, 2024 was 606.55K shares.
TXNM) stock’s latest price update
The stock price of TXNM Energy Inc (NYSE: TXNM) has surged by 0.85 when compared to previous closing price of 43.54, but the company has seen a -0.57% decline in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-01 that 2024 Ongoing Earnings Guidance Narrowed 2024 third quarter GAAP earnings of $1.45 per diluted share 2024 third quarter ongoing earnings of $1.43 per diluted share Narrowed 2024 ongoing earnings guidance range to $2.70 – $2.75 ALBUQUERQUE, N.M., Nov. 1, 2024 /PRNewswire/ — TXNM Energy (In millions, except EPS) Q3 2024 Q3 2023 YTD 2024 YTD 2023 GAAP net earnings attributable to TXNM Energy $131.2 $37.7 $226.4 $138.0 GAAP diluted EPS $1.45 $0.44 $2.50 $1.60 Ongoing net earnings $129.3 $132.9 $220.6 $228.0 Ongoing diluted EPS $1.43 $1.54 $2.44 $2.65 TXNM Energy (NYSE: TXNM) today released its 2024 third quarter results.
Analysts’ Opinion of TXNM
Many brokerage firms have already submitted their reports for TXNM stocks, with Scotiabank repeating the rating for TXNM by listing it as a “Sector Perform.” The predicted price for TXNM in the upcoming period, according to Scotiabank is $46 based on the research report published on October 10, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see TXNM reach a price target of $50. The rating they have provided for TXNM stocks is “Buy” according to the report published on October 02nd, 2024.
Evercore ISI gave a rating of “In-line” to TXNM, setting the target price at $38 in the report published on May 30th of the current year.
TXNM Trading at 2.57% from the 50-Day Moving Average
After a stumble in the market that brought TXNM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.55% of loss for the given period.
Volatility was left at 1.45%, however, over the last 30 days, the volatility rate increased by 1.63%, as shares surge +1.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.80% upper at present.
During the last 5 trading sessions, TXNM fell by -0.50%, which changed the moving average for the period of 200-days by +22.19% in comparison to the 20-day moving average, which settled at $43.61. In addition, TXNM Energy Inc saw 5.55% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for TXNM
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.58 for the gross margin
The net margin for TXNM Energy Inc stands at 0.05. The total capital return value is set at 0.02. Equity return is now at value 3.55, with 0.82 for asset returns.
Based on TXNM Energy Inc (TXNM), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 2.21. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is 687.25 million with net debt to EBITDA at 7.55. When we switch over and look at the enterprise to sales, we see a ratio of 5.03. The receivables turnover for the company is 5.98for trailing twelve months and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.47.
Conclusion
In a nutshell, TXNM Energy Inc (TXNM) has experienced a better performance in recent times. The stock has received mixed “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.
