NiSource Inc. (NYSE:NI) finished Thursday with a subtraction of -$0.55 to close at $28.07, a downside of -1.94 percent. An average of 2,687,932 shares of common stock have been traded in the last five days. There was a fall of -$0.83 in the past week, and it reached a new high 42 times over the past 12 months. The last 20 days have seen an average of 3,023,468 shares traded, while the 50-day average volume stands at 3,414,709.
NI stock has decreased by -6.99% in the last month. The company shares reached their 1-month lowest point of $27.99 on 09/23/22. With the stock rallying to its 52-week high on 04/06/22, shares of the company touched a low of $23.65 and a high of $32.58 in 52 weeks. It has reached a new high 22 times so far this year and achieved 3.66% or $0.39 in price. In spite of this, the price is down -13.87% from the 52-week high.
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NiSource Inc. (NI) has a trailing price-to-earnings (P/E) ratio of 18.62. The stock’s beta is 0.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.15, the price-to-book (PB) ratio at 2.05, and the price-to-cash flow ratio at 146.25.
The company has a payout ratio of 54.90%. The company’s most recent quarterly dividend payment was $0.2350 a share, without any change from last year. Its latest increase dividend $0.0150 reported on Wednesday January 26 2022.
The quick ratio of NiSource Inc. for the three months ended June 29 was 0.50, and the current ratio was 0.60, 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 1.78 for the quarter ending June 29. Its gross profit as reported stood at $1.01 billion compared to revenue of $4.9 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, NiSource Inc.’s return on assets was 2.80%.
The analyst consensus anticipated NiSource Inc.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.12, a 0.00% surprise. For the quarter, EBITDA amounted to $352.0 million. Shareholders own equity worth $405.95 million.
From a technical analysis perspective, let’s take a brief look at NiSource Inc. (NI) price momentum. RSI 9-day as of the close on 22 September was 29.07%, suggesting the stock is oversold, with historical volatility in this time frame at 23.26%.
As of today, NI’s price is $28.64 -2.90% or -$0.83 from its 5-day moving average. NI is currently trading -8.90% lower than its 20-day SMA and -2.56% lower than its 100-day SMA. However, the stock’s current price level is -2.49% below the SMA50 and +8.38% above the SMA200.
The stochastic %K and %D were 10.19% and 15.46%, respectively, and the average true range (ATR) was 0.65. With the 14-day stochastic at 0.35% and the average true range at 0.63, the RSI (14) stands at 33.68%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -1.07.
Edward Jones upgraded NiSource Inc. (NYSE: NI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. The consensus rating for NiSource Inc. (NI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NI, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 9 others rate it as a “buy”.
What is NI’s price target for the next 12 months?
Analysts predict a range of price targets between $30.00 and $34.00, with a median target of $33.00. Taking a look at these predictions, the average price target given by analysts for NiSource Inc. (NI) stock is $32.73.