Edison International (NYSE: EIX)’s stock price has decreased by -0.30 compared to its previous closing price of 84.74. However, the company has seen a -3.71% decrease 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.
Is It Worth Investing in Edison International (NYSE: EIX) Right Now?
Edison International (NYSE: EIX) has a price-to-earnings ratio that is above its average at 24.79x. The stock has a 36-month beta value of 0.92. Opinions on the stock are mixed, with 11 analysts rating it as a “buy,” 2 as “overweight,” 6 as “hold,” and 2 as “sell.”
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The public float for EIX is 386.70M, and at present, short sellers hold a 1.56% of that float. On December 04, 2024, the average trading volume of EIX was 2.13M shares.
EIX’s Market Performance
The stock of Edison International (EIX) has seen a -3.71% decrease in the past week, with a 4.30% rise in the past month, and a -3.60% fall in the past quarter. The volatility ratio for the week is 1.67%, and the volatility levels for the past 30 days are at 1.67% for EIX. The simple moving average for the past 20 days is -0.37% for EIX’s stock, with a 8.94% 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 -0.35% 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 -4.83% of loss for the given period.
Volatility was left at 1.67%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +3.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.75% lower at present.
During the last 5 trading sessions, EIX fell by -3.76%, which changed the moving average for the period of 200-days by +26.90% in comparison to the 20-day moving average, which settled at $84.79. In addition, Edison International saw 18.18% 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 Bowman Erica S, who sale 0 shares at the price of $87.88 back on Nov 22 ’24. After this action, Bowman Erica S now owns 1,287 shares of Edison International, valued at $42 using the latest closing price.
Taylor Peter J., the Director of Edison International, sale 1,250 shares at $83.28 during a trade that took place back on Nov 15 ’24, which means that Taylor Peter J. is holding 32,372 shares at $104,100 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 5.85 billion with net debt to EBITDA at 5.33. When we switch over and look at the enterprise to sales, we see a ratio of 3.99. 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
To sum up, Edison International (EIX) has seen a mixed 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.
