Evergy Inc (NASDAQ: EVRG)’s stock price has increased by 0.63 compared to its previous closing price of 63.28. However, the company has seen a 4.29% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-07 that Evergy, Inc. (NASDAQ:EVRG ) Q3 2024 Earnings Conference Call November 7, 2022 9:00 AM ET Company Participants Peter Flynn – Director, IR David Campbell – Chairman & CEO Bryan Buckler – EVP & CFO Conference Call Participants Shahriar Pourreza – Guggenheim Partners Julien Dumoulin-Smith – Jefferies Durgesh Chopra – Evercore Michael Sullivan – Wolfe Travis Miller – Morningstar Ryan Levine – Citi Paul Patterson – Glenrock Associates Paul Fremont – Ladenburg Thalmann Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2024 Evergy, Inc. Earnings Conference Call.
Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?
Evergy Inc (NASDAQ: EVRG) has a higher price-to-earnings ratio of 17.20x compared to its average ratio, The 36-month beta value for EVRG is at 0.62. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
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The public float for EVRG is 225.98M, and currently, shorts hold a 3.70% of that float. The average trading volume for EVRG on November 13, 2024 was 1.81M shares.
EVRG’s Market Performance
EVRG stock saw an increase of 4.29% in the past week, with a monthly gain of 6.61% and a quarterly increase of 7.69%. The volatility ratio for the week is 2.08%, and the volatility levels for the last 30 days are 1.57% for Evergy Inc (EVRG). The simple moving average for the last 20 days is 4.06% for EVRG stock, with a simple moving average of 14.86% for the last 200 days.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Mizuho repeating the rating for EVRG by listing it as a “Outperform.” The predicted price for EVRG in the upcoming period, according to Mizuho is $67 based on the research report published on October 29, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $70. The rating they have provided for EVRG stocks is “Buy” according to the report published on September 20th, 2024.
Ladenburg Thalmann gave a rating of “Neutral” to EVRG, setting the target price at $51 in the report published on April 04th of the current year.
EVRG Trading at 4.49% from the 50-Day Moving Average
After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.10% of loss for the given period.
Volatility was left at 1.57%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares surge +5.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.67% upper at present.
During the last 5 trading sessions, EVRG rose by +4.29%, which changed the moving average for the period of 200-days by +25.85% in comparison to the 20-day moving average, which settled at $61.19. In addition, Evergy Inc saw 21.99% 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 EVRG starting from Caisley Charles A., who sale 9,236 shares at the price of $59.63 back on Sep 03 ’24. After this action, Caisley Charles A. now owns 33,425 shares of Evergy Inc, valued at $550,753 using the latest closing price.
Caisley Charles A., the Officer of Evergy Inc, proposed sale 9,236 shares at $59.58 during a trade that took place back on Sep 03 ’24, which means that Caisley Charles A. is holding shares at $550,269 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.44 for the gross margin
The net margin for Evergy Inc stands at 0.15. The total capital return value is set at -5.84. Equity return is now at value 8.63, with 2.72 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 2.59.
Currently, EBITDA for the company is 2.4 billion with net debt to EBITDA at 1.28. When we switch over and look at the enterprise to sales, we see a ratio of 3.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, Evergy Inc (EVRG) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
