NiSource Inc. (NI) Is A Stock You Should Watch

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As of Wednesday close, NiSource Inc.’s (NYSE:NI) stock was up $0.38, moving up 1.42 percent to $27.18. The average number of shares traded per day over the past five days has been 4,028,840 shares. 5 times new highs have been achieved over the past 5 days, with a $1.18 gain in that time frame. In the last twenty days, the average volume was 5,480,705, while in the previous 50 days, it was 5,149,156.

Since last month, NI stock rose 8.16%. Shares of the company fell to $23.79 on 11/07/22, the lowest level in the past month. A 52-week high of $32.58 was reached on 04/06/22 after having rallying from a 52-week low of $23.78. Since the beginning of this year, NI’s stock price has dropped by -1.56% or -$0.43, and marked a new high 22 times. However, the stock has declined by -16.59% since its 52-week high.


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Valuation Metrics

Right now, NiSource Inc. (NI) has a P/E ratio of about 17.66. The stock’s beta is 0.44. Besides these, the trailing price-to-sales (P/S) ratio of 1.93, the price-to-book (PB) ratio of 1.96, and the price-to-cash flow ratio of 13.29 may also be considered.

The latest dividend of $0.2350 per share was paid out, remained unchanged from last year’s $0.2350. On Wednesday January 26 2022, a $0.0150 dividend increase was announced.

Financial Health

In the three months ended June 29, NiSource Inc.’s quick ratio stood at 0.40, 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 1.69, and the total debt-to-equity ratio was 1.92. On the profitability front, the trailing twelve-month gross margin is 65.80% percent. In the year ended June 29, operating margins totaled 21.30%. Based on annual data, NI earned $1.01 billion in gross profit and brought in $4.9 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 5.80%. Return on equity (ROE) for the past 12 months was 12.00%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected NiSource Inc. to report $0.12 quarterly earnings, the actual figure was $0.12 per share. During the quarter, the company generated $359.9 million in EBITDA. The liabilities of NiSource Inc. were 18.07 billion at the end of its most recent quarter ended June 29, and its total debt was $10.12 billion. The value of shareholders’ equity is $406.13 million.

Technical Picture

This quick technical analysis looks at NiSource Inc.’s (NI) price momentum. With a historical volatility rate of 20.89%, the RSI 9-day stood at 68.90% on 23 November.

With respect to its five-day moving average, the current NiSource Inc. price is up by +4.54% percent or $1.18. At present, NI shares trade +7.99% above its 20-day simple moving average and -4.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -8.98% below its SMA50 and -5.95% below its SMA200.

Stochastic coefficient K was 97.14% and Stochastic coefficient D was 93.52%, while ATR was 0.69. Given the Stochastic reading of 98.69% for the 14-day period, the RSI (14) reading has been calculated as 61.62%. As of today, the MACD Oscillator reading stands at 0.66, while the 14-day reading stands at 1.00.

Analyst Ratings

Credit Suisse upgraded its rating on NiSource Inc. (NYSE: NI) to an Outperform in a note to investors on November 09, 2022. The analysts firm previously had a Neutral rating on the stock.NiSource Inc. (NI) has been rated Buy by analysts. According to 0 brokerage firms, NI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate NiSource Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $28.00, the current consensus forecast for the stock is $27.00 – $32.00. Based on these forecasts, analysts predict NiSource Inc. (NI) will achieve an average price target of $28.67.

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