What Technical Indicators Show About Edison International (EIX)?


Edison International (NYSE:EIX) finished Wednesday with a subtraction of -$0.8 to close at $65.02, a downside of -1.22 percent. An average of 1,241,700 shares of common stock have been traded in the last five days. There was a gain of $0.14 in the past week, and it reached a new high 14 times over the past 12 months. The last 20 days have seen an average of 1,951,125 shares traded, while the 50-day average volume stands at 1,846,040.

EIX stock has increased by 2.57% in the last month. The company shares reached their 1-month lowest point of $62.58 on 11/29/22. With the stock rallying to its 52-week high on 04/21/22, shares of the company touched a low of $54.45 and a high of $73.32 in 52 weeks. It has reached a new high 13 times so far this year and lost -4.73% or -$3.23 in price. In spite of this, the price is down -11.32% from the 52-week high.

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Valuation Metrics

Edison International (EIX) has a trailing price-to-earnings (P/E) ratio of 34.33. The stock’s beta is 0.76. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.49, the price-to-book (PB) ratio at 1.85.

The company has a payout ratio of 145.80%. The company’s most recent quarterly dividend payment was $0.7375 a share, representing a up of 5.36% from $0.70 last year. Its latest increase dividend $0.0375 reported on Thursday December 8 2022.

Financial Health

The quick ratio of Edison International for the three months ended June 29 was 0.60, 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 1.87 and a total debt to equity ratio of 2.26 for the quarter ending June 29. Its gross profit as reported stood at $1.48 billion compared to revenue of $14.9 billion.

Earnings Surprise

For the three-month period that ended June 29, Edison International had $25.14 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 -$128.0 million in the quarter, while revenues were shrunk -166.41%. The analyst consensus anticipated Edison International’s latest quarter earnings to come in at $0.92 per share, but it turned out to be $0.94, a 2.20% surprise. For the quarter, EBITDA amounted to $771.0 million. Shareholders own equity worth $381.88 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Edison International (EIX) price momentum. RSI 9-day as of the close on 28 December was 48.55%, suggesting the stock is Neutral, with historical volatility in this time frame at 17.47%.

As of today, EIX’s price is $65.15 +0.22% or $0.14 from its 5-day moving average. EIX is currently trading +2.38% higher than its 20-day SMA and -4.75% lower than its 100-day SMA. However, the stock’s current price level is +13.83% above the SMA50 and +0.62% above the SMA200.

The stochastic %K and %D were 34.68% and 32.73%, respectively, and the average true range (ATR) was 1.38. With the 14-day stochastic at 29.05% and the average true range at 1.42, the RSI (14) stands at 52.42%. The stock has reached 0.07 on the 9-day MACD Oscillator while the 14-day reading was at -0.48.

Analyst Ratings

Credit Suisse launched coverage on Edison International (NYSE: EIX) in its analyst report released on October 03, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Edison International (EIX) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell EIX, while 7 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 6 others rate it as a “buy”.

What is EIX’s price target for the next 12 months?

Analysts predict a range of price targets between $52.00 and $82.00, with a median target of $68.00. Taking a look at these predictions, the average price target given by analysts for Edison International (EIX) stock is $67.54.


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