Would It Be A Good Move Today To Buy Edison International (EIX) Stock?

As of Friday close, Edison International’s (NYSE:EIX) stock was down -$0.69, moving down -1.00 percent to $68.26. The average number of shares traded per day over the past five days has been 2,056,980 shares. 3 times new highs have been achieved over the past 5 days, with a $0.49 gain in that time frame. In the last twenty days, the average volume was 1,603,310, while in the previous 50 days, it was 1,726,800.

Since last month, EIX stock rose 8.83%. Shares of the company fell to $59.73 on 07/14/22, the lowest level in the past month. A 52-week high of $73.32 was reached on 04/21/22 after having rallying from a 52-week low of $54.67. Since the beginning of this year, EIX’s stock price has risen by 0.01% or $0.01, and marked a new high 13 times. However, the stock has declined by -6.90% since its 52-week high.

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Edison International (EIX) last reported insider trading activity 96 days ago on May 02. CHANG VANESSA C L, the Director of the company, purchased of 111 shares for $69.30 on May 02. It resulted in a $7,692 investment by the insider. CHANG VANESSA C L added 155 shares at an average price of $67.18 on Mar 24. The insider now owns 6,011 shares following the transaction. On Mar 23, Director CHANG VANESSA C L bought 200 shares at $66.17 apiece. The transaction was valued at $13,234.

Valuation Metrics

Right now, Edison International (EIX) has a P/E ratio of about 44.44. The stock’s beta is 0.67. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 1.89.

The latest dividend of $0.70 per share was paid out, remained unchanged from last year’s $0.70. On Thursday December 9 2021, a $0.0375 dividend increase was announced.

Financial Health

In the three months ended June 29, Edison International’s quick ratio stood at 0.60, while its current ratio was 0.60, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.82, and the total debt-to-equity ratio was 2.12. On the profitability front, the trailing twelve-month gross margin is 65.00% percent. In the year ended June 29, operating margins totaled 7.90%. Based on annual data, EIX earned $1.48 billion in gross profit and brought in $14.9 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 3.90%. Return on equity (ROE) for the past 12 months was 3.90%.

In Edison International’s quarter-end financial report for June 29, it reported total debt of $25.14 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EIX’s revenue rose 17.29% to $3.97 billion during the quarter, while net income inched up to $4.01 billion. While analysts expected Edison International to report $0.92 quarterly earnings, the actual figure was $0.94 per share, beating the consensus estimate by 2.20%. During the quarter, the company generated $1.15 billion in EBITDA. The liabilities of Edison International were 57.37 billion at the end of its most recent quarter ended June 29, and its total debt was $31.05 billion. The value of shareholders’ equity is $381.43 million.

Technical Picture

This quick technical analysis looks at Edison International’s (EIX) price momentum. With a historical volatility rate of 25.02%, the RSI 9-day stood at 69.60% on 05 August.

With respect to its five-day moving average, the current Edison International price is up by +0.72% percent or $0.49. At present, EIX shares trade +9.27% above its 20-day simple moving average and +5.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.26% above its SMA50 and +18.67% above its SMA200.

Stochastic coefficient K was 91.83% and Stochastic coefficient D was 92.82%, while ATR was 1.44. Given the Stochastic reading of 85.73% for the 14-day period, the RSI (14) reading has been calculated as 65.56%. As of today, the MACD Oscillator reading stands at 1.95, while the 14-day reading stands at 3.88.

Analyst Ratings

Edison International downgraded its rating on Edison International (NYSE: EIX) to an Underperform in a note to investors on July 14, 2022. The analysts firm previously had a Neutral rating on the stock.Edison International (EIX) has been rated Overweight by analysts. According to 0 brokerage firms, EIX is a sell, and 8 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Edison International stock as buy, with 8 recommending it as overweight.

With a median target price of $73.00, the current consensus forecast for the stock is $62.00 – $82.00. Based on these forecasts, analysts predict Edison International (EIX) will achieve an average price target of $73.00.


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