Edison International (NYSE: EIX) has a higher price-to-earnings ratio of 23.77x compared to its average ratio, The 36-month beta value for EIX is at 0.93. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 4 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for EIX is 386.70M, and currently, shorts hold a 1.54% of that float. The average trading volume for EIX on November 05, 2024 was 1.93M 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
EIX) stock’s latest price update
The stock price of Edison International (NYSE: EIX) has dropped by -0.16 compared to previous close of 81.13. Despite this, the company has seen a fall of -4.12% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-31 that I’m a heavy investor in the Utility space, with utilities across both NA and Europe in my current valuation-oriented portfolio. Edison International is a company where I have received coverage and analysis requests, which I am happy to handle. I believe the company to be a qualitative business. However, Edison International is also overvalued, which is why I do not consider it to be a good “Buy” at this time.
EIX’s Market Performance
Edison International (EIX) has seen a -4.12% fall in stock performance for the week, with a -6.01% decline in the past month and a -0.65% plunge in the past quarter. The volatility ratio for the week is 2.13%, and the volatility levels for the past 30 days are at 1.70% for EIX. The simple moving average for the past 20 days is -3.74% for EIX’s stock, with a 7.11% simple moving average for the past 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 -5.01% 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 -8.75% of loss for the given period.
Volatility was left at 1.70%, however, over the last 30 days, the volatility rate increased by 2.13%, as shares sank -4.32% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.44% lower at present.
During the last 5 trading sessions, EIX fell by -4.12%, which changed the moving average for the period of 200-days by +18.61% in comparison to the 20-day moving average, which settled at $84.15. In addition, Edison International saw 13.30% 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 Umanoff Adam S, who sale 25,619 shares at the price of $83.05 back on Oct 31 ’24. After this action, Umanoff Adam S now owns 0 shares of Edison International, valued at $2,127,540 using the latest closing price.
Murphy J Andrew, the PRESIDENT & CEO, EDISON ENERGY of Edison International, sale 23,896 shares at $85.45 during a trade that took place back on Aug 26 ’24, which means that Murphy J Andrew is holding 19,850 shares at $2,041,856 based on the most recent closing price.
Stock Fundamentals for EIX
Current profitability levels for the company are sitting at:
- 0.17 for the present operating margin
- 0.38 for the gross margin
The net margin for Edison International stands at 0.09. The total capital return value is set at 0.04. Equity return is now at value 8.90, with 1.69 for asset returns.
Based on Edison International (EIX), the company’s capital structure generated 0.69 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 2.26. The interest coverage ratio of the stock is 1.6.
Currently, EBITDA for the company is 5.7 billion with net debt to EBITDA at 5.79. When we switch over and look at the enterprise to sales, we see a ratio of 3.84. The receivables turnover for the company is 4.35for 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 0.88.
Conclusion
In conclusion, Edison International (EIX) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
