The stock price of NiSource Inc (NYSE: NI) has surged by 1.53 when compared to previous closing price of 36.02, but the company has seen a 1.67% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-13 that NiSource (NI) could be a solid choice for shorter-term investors looking to capitalize on the recent price trend in fundamentally sound stocks. It is one of the many stocks that passed through our shorter-term trading strategy-based screen.
Is It Worth Investing in NiSource Inc (NYSE: NI) Right Now?
The price-to-earnings ratio for NiSource Inc (NYSE: NI) is above average at 22.22x. The 36-month beta value for NI is also noteworthy at 0.52. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NI is 465.65M, and at present, short sellers hold a 1.41% of that float. The average trading volume of NI on November 18, 2024 was 3.57M shares.
NI’s Market Performance
The stock of NiSource Inc (NI) has seen a 1.67% increase in the past week, with a 4.61% rise in the past month, and a 13.82% gain in the past quarter. The volatility ratio for the week is 1.47%, and the volatility levels for the past 30 days are at 1.67% for NI. The simple moving average for the past 20 days is 3.52% for NI’s stock, with a 21.23% simple moving average for the past 200 days.
Analysts’ Opinion of NI
Many brokerage firms have already submitted their reports for NI stocks, with BofA Securities repeating the rating for NI by listing it as a “Buy.” The predicted price for NI in the upcoming period, according to BofA Securities is $37 based on the research report published on September 12, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see NI reach a price target of $33. The rating they have provided for NI stocks is “Outperform” according to the report published on July 11th, 2024.
Barclays gave a rating of “Overweight” to NI, setting the target price at $28 in the report published on January 22nd of the current year.
NI Trading at 5.47% from the 50-Day Moving Average
After a stumble in the market that brought NI to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.29% of gains for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +4.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.15% upper at present.
During the last 5 trading sessions, NI rose by +1.67%, which changed the moving average for the period of 200-days by +38.79% in comparison to the 20-day moving average, which settled at $35.33. In addition, NiSource Inc saw 37.74% 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 NI starting from Anderson Shawn, who sale 6,730 shares at the price of $32.24 back on Aug 21 ’24. After this action, Anderson Shawn now owns 165,281 shares of NiSource Inc, valued at $216,975 using the latest closing price.
Jefferson William Jr., the EVP, Chief Op & Safety Officer of NiSource Inc, sale 4,364 shares at $32.07 during a trade that took place back on Aug 19 ’24, which means that Jefferson William Jr. is holding 33,129 shares at $139,953 based on the most recent closing price.
Stock Fundamentals for NI
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.53 for the gross margin
The net margin for NiSource Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 9.93, with 2.63 for asset returns.
Based on NiSource Inc (NI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.12. The debt to equity ratio resting at 1.63. The interest coverage ratio of the stock is 2.64.
Currently, EBITDA for the company is 2.21 billion with net debt to EBITDA at 5.47. When we switch over and look at the enterprise to sales, we see a ratio of 5.77. The receivables turnover for the company is 8.9for 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 0.46.
Conclusion
In summary, NiSource Inc (NI) has had a better 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.
