NiSource Inc. (NYSE:NI) saw a downside of -0.44% to close Monday at $27.09 after subtracting -$0.12 on the day. The 5-day average trading volume is 4,398,420 shares of the company’s common stock. It has gained $28.06 in the past week and touched a new high 1 time within the past 5 days. An average of 3,322,135 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,049,328.
NI’s 1-month performance is 0.07% or -$0.62 on its low of $26.54 reached on 01/20/23. The company’s shares have touched a 52-week low of $23.78 and high of $32.58, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, NI has lost -1.20% or -$0.33 and has reached a new high 5 times. However, the current price is down -16.86% from the 52-week high price.
NI stock has a beta of 0.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.95 while the price-to-book (PB) in the most recent quarter is 1.95, with the price to cash flow ratio at 13.45.
NiSource Inc.’s quick ratio for the period ended June 29 was 0.40, with the current ratio over the same period at 0.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.69, while the total debt to equity was 1.92. In terms of profitability, the gross margin trailing 12 months is 65.80%. The firm’s gross profit as reported stood at $1.01 billion against revenue of $4.9 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected NI to announce $0.12 per share in earnings in its latest quarter, but it posted $0.12, representing a 0.00% surprise. EBITDA for the quarter stood at more than $359.9 million. NI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 18.07 billion, with total debt at $10.12 billion. Shareholders hold equity totaling $406.13 million.
Let’s look briefly at NiSource Inc. (NI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 42.64% to suggest the stock is trending Neutral, with historical volatility in this time period at 16.55%.
The stock’s 5-day moving average is $27.16, reflecting a -2.52% or -$0.70 change from its current price. NI is currently trading -1.67% above its 20-day SMA, -10.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.66% and SMA200 by-14.97%.
Stochastic %K and %D was 26.17% and 21.01% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 45.89%, while the 14-day stochastic is at 33.33% with the period’s ATR at 0.54. The stock’s 9-day MACD Oscillator is pointing at -0.40 and -0.44 on the 14-day charts.
In the most recent analyst report for NiSource Inc. (NYSE: NI), Credit Suisse upgraded it to an Outperform rating. They previously had a Neutral rating on the stock.