The stock of Evergy Inc (EVRG) has gone up by 1.56% for the week, with a -1.70% drop in the past month and a 3.15% rise in the past quarter. The volatility ratio for the week is 1.68%, and the volatility levels for the past 30 days are 1.46% for EVRG. The simple moving average for the last 20 days is 0.06% for EVRG’s stock, with a simple moving average of 5.78% for the last 200 days.
Is It Worth Investing in Evergy Inc (NASDAQ: EVRG) Right Now?
Evergy Inc (NASDAQ: EVRG) has a higher price-to-earnings ratio of 16.53x compared to its average ratio, The 36-month beta value for EVRG is at 0.64. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 6 as “hold,” and 0 as “sell.”
The public float for EVRG is 226.72M, and currently, shorts hold a 4.27% of that float. The average trading volume for EVRG on January 15, 2025 was 1.80M shares.
EVRG) stock’s latest price update
Evergy Inc (NASDAQ: EVRG) has experienced a rise in its stock price by 0.89 compared to its previous closing price of 60.67. However, the company has seen a gain of 1.56% in its stock price over the last five trading days. seekingalpha.com reported 2025-01-03 that Long-term rates have risen, creating potential buying opportunities for utilities like AEP, AWK, AWR, BKH, ES, EVRG, SJW, WEC, WTRG, and XEL. These utilities have strong fundamentals, attractive valuations, and investment-grade balance sheets, offering potential total returns of 20% to 56% by 2025. Despite rate sensitivity, these utilities are well-positioned for long-term growth with secure dividends and robust balance sheets.
Analysts’ Opinion of EVRG
Many brokerage firms have already submitted their reports for EVRG stocks, with Ladenburg Thalmann repeating the rating for EVRG by listing it as a “Buy.” The predicted price for EVRG in the upcoming period, according to Ladenburg Thalmann is $68.50 based on the research report published on January 02, 2025 of the current year 2025.
Mizuho, on the other hand, stated in their research note that they expect to see EVRG reach a price target of $67. The rating they have provided for EVRG stocks is “Outperform” according to the report published on October 29th, 2024.
Jefferies gave a rating of “Buy” to EVRG, setting the target price at $70 in the report published on September 20th of the previous year.
EVRG Trading at -1.65% from the 50-Day Moving Average
After a stumble in the market that brought EVRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.51% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.68%, as shares sank -1.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.91% upper at present.
During the last 5 trading sessions, EVRG rose by +1.56%, which changed the moving average for the period of 200-days by +15.38% in comparison to the 20-day moving average, which settled at $61.17. In addition, Evergy Inc saw -0.55% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EVRG starting from KING CHARLES L, who sale 2,300 shares at the price of $65.22 back on Nov 27 ’24. After this action, KING CHARLES L now owns 14,634 shares of Evergy Inc, valued at $150,008 using the latest closing price.
Charles Lynn King, the Officer of Evergy Inc, proposed sale 2,300 shares at $64.84 during a trade that took place back on Nov 27 ’24, which means that Charles Lynn King is holding shares at $149,132 based on the most recent closing price.
Stock Fundamentals for EVRG
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.42 for the gross margin
The net margin for Evergy Inc stands at 0.15. The total capital return value is set at 0.05. Equity return is now at value 8.63, with 2.72 for asset returns.
Based on Evergy Inc (EVRG), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.61. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is 2.59.
Currently, EBITDA for the company is 2.42 billion with net debt to EBITDA at 1.26. When we switch over and look at the enterprise to sales, we see a ratio of 3.0. The receivables turnover for the company is 14.24for trailing twelve months and the total asset turnover is 0.18. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.55.
Conclusion
In conclusion, Evergy Inc (EVRG) has had a mixed performance lately. Opinion on the stock among analysts is mixed, 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.
