In the past week, NEP stock has gone up by 1.03%, with a monthly gain of 2.31% and a quarterly plunge of -35.64%. The volatility ratio for the week is 3.16%, and the volatility levels for the last 30 days are 4.20% for NextEra Energy Partners LP The simple moving average for the last 20 days is -1.18% for NEP stock, with a simple moving average of -31.13% for the last 200 days.
Is It Worth Investing in NextEra Energy Partners LP (NYSE: NEP) Right Now?
NextEra Energy Partners LP (NYSE: NEP) has a price-to-earnings ratio of 8.10x that is above its average ratio. Additionally, the 36-month beta value for NEP is 1.03. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 12 rating it as “hold,” and 2 rating it as “sell.”
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The public float for NEP is 90.93M and currently, short sellers hold a 4.32% ratio of that float. The average trading volume of NEP on December 27, 2024 was 2.02M shares.
NEP) stock’s latest price update
The stock of NextEra Energy Partners LP (NYSE: NEP) has decreased by -0.56 when compared to last closing price of 17.78. Despite this, the company has experienced a 1.03% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-24 that In the most recent trading session, NextEra Energy Partners (NEP) closed at $17.78, indicating a +1.66% shift from the previous trading day.
Analysts’ Opinion of NEP
Guggenheim, 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 $37. The rating they have provided for NEP stocks is “Neutral” according to the report published on October 28th, 2024.
JP Morgan gave a rating of “Neutral” to NEP, setting the target price at $22 in the report published on October 24th of the current year.
NEP Trading at -6.10% 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 -49.70% of loss for the given period.
Volatility was left at 4.20%, however, over the last 30 days, the volatility rate increased by 3.16%, as shares surge +2.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -30.99% lower at present.
During the last 5 trading sessions, NEP rose by +1.03%, which changed the moving average for the period of 200-days by -38.57% in comparison to the 20-day moving average, which settled at $17.89. In addition, NextEra Energy Partners LP saw -41.86% 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 0.6 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 1.52. 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 5.67. 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
In conclusion, NextEra Energy Partners LP (NEP) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
