The price-to-earnings ratio for Edison International (NYSE: EIX) is above average at 24.28x. The 36-month beta value for EIX is also noteworthy at 0.92. 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 386.70M, and at present, short sellers hold a 1.47% of that float. The average trading volume of EIX on November 13, 2024 was 1.97M shares.
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EIX) stock’s latest price update
Edison International (NYSE: EIX) has seen a decline in its stock price by -0.99 in relation to its previous close of 83.58. However, the company has experienced a 0.95% gain in its stock price over the last five trading sessions. 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 0.95% rise in stock performance for the week, with a -2.12% decline in the past month and a -0.47% plunge in the past quarter. The volatility ratio for the week is 1.79%, and the volatility levels for the past 30 days are at 1.82% for EIX. The simple moving average for the past 20 days is -0.98% for EIX’s stock, with a 8.76% simple moving average for the past 200 days.
Analysts’ Opinion of EIX
Many brokerage firms have already submitted their reports for EIX stocks, with Jefferies repeating the rating for EIX by listing it as a “Buy.” The predicted price for EIX in the upcoming period, according to Jefferies is $93 based on the research report published on November 07, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see EIX reach a price target of $95. The rating they have provided for EIX stocks is “Buy” according to the report published on September 12th, 2024.
UBS gave a rating of “Neutral” to EIX, setting the target price at $82 in the report published on July 19th of the current year.
EIX Trading at -2.45% 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 -6.78% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.79%, as shares sank -2.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.24% lower at present.
During the last 5 trading sessions, EIX rose by +0.95%, which changed the moving average for the period of 200-days by +22.23% in comparison to the 20-day moving average, which settled at $83.57. In addition, Edison International saw 15.75% 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 Trent Keith, who sale 1 shares at the price of $81.67 back on Nov 07 ’24. After this action, Trent Keith now owns 16,168 shares of Edison International, valued at $78 using the latest closing price.
Rigatti Maria C., the EXEC. VP AND CFO of Edison International, sale 1 shares at $80.51 during a trade that took place back on Nov 04 ’24, which means that Rigatti Maria C. is holding 57,322 shares at $75 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 3.88. 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 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.
