PNM Resources Inc. (NYSE:PNM) traded with a subtraction of -$0.03 to $47.17 on Thursday, a downside of -0.06 percent. An average of 498,528 shares of common stock have been traded in the last five days. There was a fall of -$0.08 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 628,222 shares traded, while the 50-day average volume stands at 471,555.
PNM stock has decreased by -1.36% in the last month. The company shares reached their 1-month lowest point of $46.83 on 09/13/22. With the stock rallying to its 52-week high on 08/11/22, shares of the company touched a low of $43.43 and a high of $50.11 in 52 weeks. It has reached a new high 17 times so far this year and achieved 3.49% or $1.59 in price. In spite of this, the price is down -5.87% from the 52-week high.
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PNM Resources Inc. (PNM) has a trailing price-to-earnings (P/E) ratio of 26.08. The stock’s beta is 0.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.09, the price-to-book (PB) ratio at 1.91.
The company has a payout ratio of 74.50%. The company’s most recent quarterly dividend payment was $0.3470 a share, without any change from last year. Its latest increase dividend $0.0195 reported on Thursday February 3 2022.
The quick ratio of PNM Resources Inc. for the three months ended March 30 was 0.30, and the current ratio was 0.40, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.68 and a total debt to equity ratio of 1.93 for the quarter ending March 30. Its gross profit as reported stood at $308.15 million compared to revenue of $1.78 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, PNM Resources Inc.’s return on assets was 1.80%.
For the three-month period that ended March 30, PNM Resources Inc. had $3.4 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $113.32 million in the quarter, while revenues of $53.71 million were grew 49.27%. The analyst consensus anticipated PNM Resources Inc.’s latest quarter earnings to come in at $0.39 per share, but it turned out to be $0.5, a 28.20% surprise. For the quarter, EBITDA amounted to $171.66 million. Shareholders own equity worth $85.83 million.
From a technical analysis perspective, let’s take a brief look at PNM Resources Inc. (PNM) price momentum. RSI 9-day as of the close on 21 September was 41.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 7.27%.
As of today, PNM’s price is $47.43 -0.17% or -$0.08 from its 5-day moving average. PNM is currently trading -1.05% lower than its 20-day SMA and +1.16% higher than its 100-day SMA. However, the stock’s current price level is -0.13% below the SMA50 and +3.51% above the SMA200.
The stochastic %K and %D were 33.79% and 45.57%, respectively, and the average true range (ATR) was 0.48. With the 14-day stochastic at 29.84% and the average true range at 0.49, the RSI (14) stands at 43.52%. The stock has reached -0.08 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.
Mizuho upgraded PNM Resources Inc. (NYSE: PNM) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for PNM Resources Inc. (PNM) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell PNM, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.
What is PNM’s price target for the next 12 months?
Analysts predict a range of price targets between $46.00 and $53.00, with a median target of $50.65. Taking a look at these predictions, the average price target given by analysts for PNM Resources Inc. (PNM) stock is $50.38.