In the past week, NEP stock has gone down by -3.48%, with a monthly decline of -35.91% and a quarterly plunge of -36.32%. The volatility ratio for the week is 3.73%, and the volatility levels for the last 30 days are 4.82% for NextEra Energy Partners LP The simple moving average for the past 20 days is -12.14% for NEP’s stock, with a -40.28% simple moving average for the past 200 days.
Is It Worth Investing in NextEra Energy Partners LP (NYSE: NEP) Right Now?
The price-to-earnings ratio for NextEra Energy Partners LP (NYSE: NEP) is 7.37x, which is above its average ratio. Moreover, the 36-month beta value for NEP is 1.04. Analysts have varying opinions on the stock, with 3 analysts rating it as a “buy,” 4 as “overweight,” 13 as “hold,” and 2 as “sell.”
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The public float for NEP is 90.93M and currently, short sellers hold a 5.77% of that float. On November 21, 2024, NEP’s average trading volume was 1.79M shares.
NEP) stock’s latest price update
NextEra Energy Partners LP (NYSE: NEP)’s stock price has increased by 1.32 compared to its previous closing price of 15.87. However, the company has seen a -3.48% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-11-20 that NextEra Energy Partners (NEP) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Analysts’ Opinion of NEP
Many brokerage firms have already submitted their reports for NEP stocks, with Guggenheim repeating the rating for NEP by listing it as a “Neutral.” The predicted price for NEP in the upcoming period, according to Guggenheim is $22 based on the research report published on October 28, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see NEP reach a price target of $22, previously predicting the price at $25. The rating they have provided for NEP stocks is “Neutral” according to the report published on October 24th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to NEP, setting the target price at $15 in the report published on October 01st of the current year.
NEP Trading at -29.77% from the 50-Day Moving Average
After a stumble in the market that brought NEP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.25% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 3.73%, as shares sank -23.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -36.32% lower at present.
During the last 5 trading sessions, NEP fell by -3.48%, which changed the moving average for the period of 200-days by -42.90% in comparison to the 20-day moving average, which settled at $18.30. In addition, NextEra Energy Partners LP saw -47.12% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NEP
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.19 for the gross margin
The net margin for NextEra Energy Partners LP stands at 0.18. The total capital return value is set at 0.0. Equity return is now at value -4.29, with -0.68 for asset returns.
Based on NextEra Energy Partners LP (NEP), the company’s capital structure generated 0.28 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 0.38. The interest coverage ratio of the stock is 0.06.
Currently, EBITDA for the company is 650.0 million with net debt to EBITDA at 8.9. When we switch over and look at the enterprise to sales, we see a ratio of 5.54. The receivables turnover for the company is 3.66for trailing twelve months and the total asset turnover is 0.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.02.
Conclusion
To wrap up, the performance of NextEra Energy Partners LP (NEP) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
