National Grid plc (NGG) Is A Stock You Should Watch

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As of Wednesday close, National Grid plc’s (NYSE:NGG) stock was up $0.21, moving up 0.34 percent to $61.48. The average number of shares traded per day over the past five days has been 371,560 shares. 5 times new highs have been achieved over the past 5 days, with a $1.45 gain in that time frame. In the last twenty days, the average volume was 472,810, while in the previous 50 days, it was 598,396.

Since last month, NGG stock rose 14.49%. Shares of the company fell to $51.71 on 10/24/22, the lowest level in the past month. A 52-week high of $80.20 was reached on 04/11/22 after having rallying from a 52-week low of $47.22. Since the beginning of this year, NGG’s stock price has dropped by -14.99% or -$10.84, and marked a new high 15 times. However, the stock has declined by -23.34% since its 52-week high.


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Valuation Metrics

Right now, National Grid plc (NGG) has a P/E ratio of about 12.93. The stock’s beta is 0.59. Besides these, the trailing price-to-sales (P/S) ratio of 1.81, the price-to-book (PB) ratio of 1.46.

The latest dividend of $2.0929 per share was paid out, which is 80.84% more than last year’s $1.1573. On Thursday November 10 2022, a $0.9356 dividend increase was announced.

Financial Health

In the recent quarter, National Grid plc’s quick ratio stood at 0.70, while its current ratio was 0.70, 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 recent quarter was 1.52, and the total debt-to-equity ratio was 1.87. In the recent year, EBITDA margin amounted to 31.10%, whereas operating margins totaled 24.60%. Based on annual data, NGG earned $5.97 billion in gross profit and brought in $25.2 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 4.50%. Return on equity (ROE) for the past 12 months was 13.90%.

Technical Picture

This quick technical analysis looks at National Grid plc’s (NGG) price momentum. With a historical volatility rate of 13.70%, the RSI 9-day stood at 77.25% on 23 November.

With respect to its five-day moving average, the current National Grid plc price is up by +2.42% percent or $1.45. At present, NGG shares trade +14.30% above its 20-day simple moving average and -5.04% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.32% below its SMA50 and -16.15% below its SMA200.

Stochastic coefficient K was 97.79% and Stochastic coefficient D was 96.09%, while ATR was 1.16. Given the Stochastic reading of 99.31% for the 14-day period, the RSI (14) reading has been calculated as 70.60%. As of today, the MACD Oscillator reading stands at 1.06, while the 14-day reading stands at 2.39.

Analyst Ratings

Societe Generale upgraded its rating on National Grid plc (NYSE: NGG) to a Buy in a note to investors on November 15, 2022. The analysts firm previously had a Hold rating on the stock.National Grid plc (NGG) has been rated Overweight by analysts. According to 0 brokerage firms, NGG is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate National Grid plc stock as buy, with 4 recommending it as overweight.

With a median target price of $67.15, the current consensus forecast for the stock is $47.88 – $75.97. Based on these forecasts, analysts predict National Grid plc (NGG) will achieve an average price target of $64.24.

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