The stock of TXNM Energy Inc (TXNM) has seen a 2.32% increase in the past week, with a 4.49% gain in the past month, and a 12.58% flourish in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are at 1.99% for TXNM. The simple moving average for the last 20 days is 3.69% for TXNM stock, with a simple moving average of 16.29% for the last 200 days.
Is It Worth Investing in TXNM Energy Inc (NYSE: TXNM) Right Now?
TXNM Energy Inc (NYSE: TXNM) has a price-to-earnings ratio that is above its average at 23.92x. The stock has a 36-month beta value of 0.38. Opinions on the stock are mixed, 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 at present, short sellers hold a 4.45% of that float. On November 15, 2024, the average trading volume of TXNM was 673.34K shares.
TXNM) stock’s latest price update
The stock price of TXNM Energy Inc (NYSE: TXNM) has plunged by -0.30 when compared to previous closing price of 45.95, but the company has seen a 2.32% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-11 that ALBUQUERQUE, N.M., Nov. 11, 2024 /PRNewswire/ — In a continued effort to enhance reliability and economic benefits to customers, Public Service Company of New Mexico (PNM), a wholly-owned subsidiary of TXNM Energy (NYSE: TXNM), has announced its plan to join the California Independent System Operator (CAISO) Extended Day-Ahead Market (EDAM).
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 5.43% 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 -0.63% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares surge +5.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.01% upper at present.
During the last 5 trading sessions, TXNM rose by +2.32%, which changed the moving average for the period of 200-days by +26.44% in comparison to the 20-day moving average, which settled at $44.18. In addition, TXNM Energy Inc saw 10.12% 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:
- 0.17 for the present operating margin
- 0.64 for the gross margin
The net margin for TXNM Energy Inc stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 7.49, with 1.69 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 2.18. The interest coverage ratio of the stock is 1.48.
Currently, EBITDA for the company is 627.71 million with net debt to EBITDA at 6.91. When we switch over and look at the enterprise to sales, we see a ratio of 5.08. The receivables turnover for the company is 6.8for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.36.
Conclusion
To sum up, TXNM Energy Inc (TXNM) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
