NextEra Energy Inc. (NYSE:NEE) saw an upside of 1.04% to close Monday at $82.67 after adding $0.85 on the day. The 5-day average trading volume is 7,582,200 shares of the company’s common stock. It has gained $86.47 in the past week and touched a new high 1 time within the past 5 days. An average of 5,402,745 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 5,992,264.
NEE’s 1-month performance is -1.02% or -$1.50 on its low of $80.50 reached on 01/20/23. The company’s shares have touched a 52-week low of $67.22 and high of $91.35, with the stock’s rally to the 52-week high happening on 01/17/23. YTD, NEE has lost -1.11% or -$0.93 and has reached a new high 4 times. However, the current price is down -9.50% from the 52-week high price.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
NEE stock investors last saw insider trading activity on Dec 12.Arechabala Miguel (EVP, Power Generation Division) most recently sold 12,478 shares at $85.89 per share on Dec 12. This transaction cost the insider $1,071,788. EVP, Power Generation Division, Arechabala Miguel, sold 21,231 shares at a price of $85.37 on Dec 09. Then, on Nov 25, EVP & General Counsel Sieving Charles E sold 2,277 shares at a price of $85.27 per share. This transaction amounted to $194,160.
NEE stock has a beta of 0.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 8.36 while the price-to-book (PB) in the most recent quarter is 4.22, with the price to cash flow ratio at 32.71.
NextEra Energy Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.50. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.42, while the total debt to equity was 1.68. The firm’s gross profit as reported stood at $2.91 billion against revenue of $17.07 billion.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 73.64% to $1.7 billion, while revenue of $1.38 billion was 18.63% off the previous quarter. Analysts expected NEE to announce $0.73 per share in earnings in its latest quarter, but it posted $0.81, representing a 11.00% surprise. EBITDA for the quarter stood at more than $3.22 billion. NEE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 109.66 billion, with total debt at $63.58 billion. Shareholders hold equity totaling $1.99 billion.
Let’s look briefly at NextEra Energy Inc. (NEE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 41.88% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.77%.
The stock’s 5-day moving average is $83.32, reflecting a -2.37% or -$2.01 change from its current price. NEE is currently trading -2.34% above its 20-day SMA, -5.00% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.62% and SMA200 by-4.24%.
Stochastic %K and %D was 22.95% and 30.17% and the average true range (ATR) pointed at 1.81. The RSI (14) points at 44.83%, while the 14-day stochastic is at 36.35% with the period’s ATR at 1.79. The stock’s 9-day MACD Oscillator is pointing at -1.63 and -1.54 on the 14-day charts.
In the most recent analyst report for NextEra Energy Inc. (NYSE: NEE), Morgan Stanley upgraded it to an Overweight rating. They previously had an Equal-weight rating on the stock. Analysts offering their rating for NEE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NEE as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 15 have offered a “buy” rating.
What is NEE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $75.00 and a high of $110.00, with their median price target at $98.00. Looking at these predictions, the average price target given by analysts is for NextEra Energy Inc. (NEE) stock is $96.72.