The stock of Centerpoint Energy Inc (CNP) has seen a 2.26% increase in the past week, with a 6.97% gain in the past month, and a 13.24% flourish in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.86% for CNP. The simple moving average for the last 20 days is 0.50% for CNP’s stock, with a simple moving average of 9.93% for the last 200 days.
Is It Worth Investing in Centerpoint Energy Inc (NYSE: CNP) Right Now?
Centerpoint Energy Inc (NYSE: CNP) has a higher price-to-earnings ratio of 21.25x compared to its average ratio, The 36-month beta value for CNP is at 0.95. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 2 rating it as “overweight,” 13 as “hold,” and 0 as “sell.”
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The public float for CNP is 649.08M, and currently, shorts hold a 2.80% of that float. The average trading volume for CNP on December 17, 2024 was 5.19M shares.
CNP) stock’s latest price update
Centerpoint Energy Inc (NYSE: CNP)’s stock price has soared by 0.41 in relation to previous closing price of 31.94. Nevertheless, the company has seen a gain of 2.26% in its stock price over the last five trading days. prnewswire.com reported 2024-12-16 that Richard C. Leger appointed to lead CenterPoint Energy Gas business on a permanent basis Bertha Villatoro elevated to Chief Human Resources Officer Current CHRO Lynne Harkel-Rumford to retire HOUSTON, Dec. 16, 2024 /PRNewswire/ — CenterPoint Energy, Inc. (NYSE: CNP) today announced several senior leadership changes which will take effect on January 1, 2025. Those changes include the appointments of Richard C.
Analysts’ Opinion of CNP
Many brokerage firms have already submitted their reports for CNP stocks, with Ladenburg Thalmann repeating the rating for CNP by listing it as a “Buy.” The predicted price for CNP in the upcoming period, according to Ladenburg Thalmann is $34.50 based on the research report published on December 12, 2024 of the current year 2024.
UBS, on the other hand, stated in their research note that they expect to see CNP reach a price target of $37, previously predicting the price at $31. The rating they have provided for CNP stocks is “Buy” according to the report published on December 03rd, 2024.
BofA Securities gave a rating of “Neutral” to CNP, setting the target price at $29 in the report published on September 12th of the current year.
CNP Trading at 4.80% from the 50-Day Moving Average
After a stumble in the market that brought CNP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.82% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +3.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.08% upper at present.
During the last 5 trading sessions, CNP rose by +2.26%, which changed the moving average for the period of 200-days by +16.87% in comparison to the 20-day moving average, which settled at $31.91. In addition, Centerpoint Energy Inc saw 12.25% 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 CNP starting from Smitherman Barry T, who sale 5,670 shares at the price of $29.42 back on May 03 ’24. After this action, Smitherman Barry T now owns 21,203 shares of Centerpoint Energy Inc, valued at $166,811 using the latest closing price.
Stock Fundamentals for CNP
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.36 for the gross margin
The net margin for Centerpoint Energy Inc stands at 0.11. The total capital return value is set at 0.05. Equity return is now at value 9.57, with 2.35 for asset returns.
Based on Centerpoint Energy Inc (CNP), the company’s capital structure generated 0.65 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 1.89. The interest coverage ratio of the stock is 2.24.
Currently, EBITDA for the company is 3.19 billion with net debt to EBITDA at 6.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.75. The receivables turnover for the company is 7.09for 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 1.11.
Conclusion
In conclusion, Centerpoint Energy Inc (CNP) 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.
