Duke Energy Corporation (NYSE:DUK) saw an upside of 0.22% to close Monday at $89.66 after adding $0.2 on the day. The 5-day average trading volume is 2,849,260 shares of the company’s common stock. It has gained $93.82 in the past week and touched a new high 1 time within the past 5 days. An average of 2,615,590 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,861,834.
DUK’s 1-month performance is -0.12% or -$0.11 on its low of $88.57 reached on 07/10/23. The company’s shares have touched a 52-week low of $83.76 and high of $113.67, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, DUK has lost -12.94% or -$13.33 and has reached a new high 4 times. However, the current price is down -21.12% from the 52-week high price.
Insider Transactions
DUK stock investors last saw insider trading activity on Feb 13.Renjel Louis E. (SVP, External Affairs & Comm) most recently sold 1,900 shares at $99.90 per share on Feb 13. This transaction cost the insider $189,812. EVP & CCO, YOUNG STEVEN K, sold 415 shares at a price of $100.84 on Dec 01. Then, on Nov 10, EVP & Chief Operating Officer Jamil Dhiaa M. sold 900 shares at a price of $95.01 per share. This transaction amounted to $85,510.
Valuation Metrics
DUK stock has a beta of 0.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.41 while the price-to-book (PB) in the most recent quarter is 1.46.
Duke Energy Corporation’s quick ratio for the period ended March 30 was 0.50, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending March 30 was 1.46, while the total debt to equity was 1.61. In terms of profitability, the gross margin trailing 12 months is 63.90%. The trailing 12-month EBITDA margin is 40.01% while for the period ending March 30, Duke Energy Corporation’s operating margin was 22.20%. The firm’s gross profit as reported stood at $6.01 billion against revenue of $28.77 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 212.62% to -$650.0 million, while revenue of $1.38 billion was 312.77% off the previous quarter. Analysts expected DUK to announce $1.26 per share in earnings in its latest quarter, but it posted $1.2, representing a -4.80% surprise. EBITDA for the quarter stood at more than $3.02 billion. DUK stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 126.88 billion, with total debt at $77.06 billion. Shareholders hold equity totaling $770.65 million.
Let’s look briefly at Duke Energy Corporation (DUK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 33.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.04%.
The stock’s 5-day moving average is $90.83, reflecting a -4.23% or -$3.96 change from its current price. DUK is currently trading +0.49% above its 20-day SMA, -5.71% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.55% and SMA200 by-1.27%.
Stochastic %K and %D was 6.77% and 15.70% and the average true range (ATR) pointed at 1.64. The RSI (14) points at 39.49%, while the 14-day stochastic is at 9.88% with the period’s ATR at 1.62. The stock’s 9-day MACD Oscillator is pointing at -2.52 and -3.09 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Duke Energy Corporation (NYSE: DUK), Goldman launched coverage with a Neutral rating. Analysts offering their rating for DUK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DUK as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is DUK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $90.00 and a high of $120.00, with their median price target at $102.50. Looking at these predictions, the average price target given by analysts is for Duke Energy Corporation (DUK) stock is $103.14.
