S&P Global Inc (NYSE: SPGI)’s stock price has soared by 0.40 in relation to previous closing price of 518.19. Nevertheless, the company has seen a loss of -0.33% in its stock price over the last five trading days. prnewswire.com reported 2024-12-04 that NEW YORK, Dec. 4, 2024 /PRNewswire/ — S&P Global (NYSE: SPGI) today published the latest edition of its proprietary Look Forward research series, providing a comprehensive analysis of the complexity of artificial intelligence (AI) and its transformative impact on the labor market, energy sector and society. “AI is undeniably accelerating progress and driving transformative change across various sectors,” said Swamy Kocherlakota, EVP and Chief Digital Solutions Officer at S&P Global.
Is It Worth Investing in S&P Global Inc (NYSE: SPGI) Right Now?
S&P Global Inc (NYSE: SPGI) has a higher price-to-earnings ratio of 45.90x compared to its average ratio, The 36-month beta value for SPGI is at 1.19. Analysts have varying views on the stock, with 13 analysts rating it as a “buy,” 7 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SPGI is 309.82M, and currently, shorts hold a 1.26% of that float. The average trading volume for SPGI on December 05, 2024 was 1.15M shares.
SPGI’s Market Performance
SPGI stock saw an increase of -0.33% in the past week, with a monthly gain of 7.10% and a quarterly increase of 0.63%. The volatility ratio for the week is 1.33%, and the volatility levels for the last 30 days are 1.68% for S&P Global Inc (SPGI). The simple moving average for the last 20 days is 1.93% for SPGI’s stock, with a simple moving average of 11.15% for the last 200 days.
Analysts’ Opinion of SPGI
Many brokerage firms have already submitted their reports for SPGI stocks, with Evercore ISI repeating the rating for SPGI by listing it as a “Outperform.” The predicted price for SPGI in the upcoming period, according to Evercore ISI is $599 based on the research report published on October 02, 2024 of the current year 2024.
Wells Fargo gave a rating of “Overweight” to SPGI, setting the target price at $575 in the report published on August 13th of the current year.
SPGI Trading at 2.17% from the 50-Day Moving Average
After a stumble in the market that brought SPGI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.44% of loss for the given period.
Volatility was left at 1.68%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares surge +6.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.41% upper at present.
During the last 5 trading sessions, SPGI fell by -0.33%, which changed the moving average for the period of 200-days by +22.12% in comparison to the 20-day moving average, which settled at $510.41. In addition, S&P Global Inc saw 18.10% 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 SPGI starting from Saha Saugata, who sale 500 shares at the price of $523.00 back on Nov 27 ’24. After this action, Saha Saugata now owns 1,427 shares of S&P Global Inc, valued at $261,500 using the latest closing price.
Saha Saugata, the President, Market Intelligence of S&P Global Inc, sale 500 shares at $503.60 during a trade that took place back on Nov 20 ’24, which means that Saha Saugata is holding 1,927 shares at $251,800 based on the most recent closing price.
Stock Fundamentals for SPGI
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.67 for the gross margin
The net margin for S&P Global Inc stands at 0.26. The total capital return value is set at 0.1. Equity return is now at value 10.23, with 5.87 for asset returns.
Based on S&P Global Inc (SPGI), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.46. The debt to equity ratio resting at 0.34. The interest coverage ratio of the stock is 17.3.
Currently, EBITDA for the company is 5.14 billion with net debt to EBITDA at 1.55. When we switch over and look at the enterprise to sales, we see a ratio of 12.47. The receivables turnover for the company is 5.22for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
In conclusion, S&P Global Inc (SPGI) has had a better performance lately. Opinion on the stock among analysts is bullish, 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.
