PG&E Corporation (PCG) Shares: Cheap or Risky?

PG&E Corporation (NYSE:PCG) saw an upside of 1.81% to close Friday at $10.71 after adding $0.19 on the day. The 5-day average trading volume is 18,887,721 shares of the company’s common stock. It has gained $10.73 in the past week. An average of 19,299,506 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 17,958,576.

PCG’s 1-month performance is 14.42% or $1.39 on its low of $9.23 reached on 09/10/21. The company’s shares have touched a 52-week low of $8.24 and high of $12.91, with the stock’s rally to the 52-week high happening on 01/04/21. YTD, PCG has lost -14.04% or -$1.75. However, the current price is down -17.04%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 205.22 and a low of 10.17. PCG stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.07 while the price-to-book (PB) in the most recent quarter is 0.99.

PG&E Corporation’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.70 meaning that PCG stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.67, while the total debt to equity was 1.98. In terms of profitability, the gross margin trailing 12 months is 79.00%. The trailing 12-month EBITDA margin is 31.88% while for the period ending June 29; PG&E Corporation’s operating margin was 8.10%. The firm’s gross profit as reported stood at $1.75 billion against revenue of $18.47 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PCG to announce $0.28 per share in earnings in its latest quarter, but it posted $0.27, representing a -3.60% surprise. EBITDA for the quarter stood at more than $1.49 billion. PCG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 78.69 billion, with total debt at $44.06 billion. Shareholders hold equity totaling $2.46 billion

Technical Picture

Let’s look briefly at PG&E Corporation (PCG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 78.66% to suggest the stock is trending Overbought, with historical volatility in this time period at 30.08%.

The stock’s 5-day moving average is $10.23, reflecting a +11.45% or $1.10 change from its current price. PCG is currently trading +15.04% above its 20-day SMA, -0.56% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +17.95% and -13.91% respectively.

Stochastic %K and %D was 93.74% and 86.31% and the average true range (ATR) pointed at 0.31. The RSI (14) points at 71.91%, while the 14-day stochastic is at 98.04% with the period’s ATR at 0.30. The stock’s 9-day MACD Oscillator is pointing at 0.52 and 0.54 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for PG&E Corporation (NYSE: PCG), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for PCG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PCG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 11 have offered a “buy” rating.

What is PCG’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $10.00 and a high of $17.00, with their median price target at $14.00. Looking at these predictions, the average price target given by analysts is for PG&E Corporation (PCG) stock is $14.35.

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