NiSource Inc. (NYSE:NI) saw an upside of 0.26% to close Tuesday at $26.74 after adding $0.07 on the day. The 5-day average trading volume is 4,166,200 shares of the company’s common stock. It has gained $28.04 in the past week and touched a new high 1 time within the past 5 days. An average of 4,447,415 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,063,986.
NI’s 1-month performance is -1.73% or -$0.78 on its low of $26.40 reached on 08/04/23. The company’s shares have touched a 52-week low of $23.78 and high of $31.87, with the stock’s rally to the 52-week high happening on 05/10/23. YTD, NI has lost -2.48% or -$0.68 and has reached a new high 9 times. However, the current price is down -16.10% from the 52-week high price.
Insider Transactions
NI stock investors last saw insider trading activity on Aug 04.Jefferson William Jr. (EVP Operations & CSO) most recently sold 4,875 shares at $26.80 per share on Aug 04. This transaction cost the insider $130,650. SVP, GC & Corp Sec, Cuccia Kimberly S, sold 11,157 shares at a price of $28.54 on May 08. Then, on Mar 15, SVP & CHRO Berman Melanie B. sold 4,824 shares at a price of $27.89 per share. This transaction amounted to $134,556.
Valuation Metrics
NI stock has a beta of 0.47. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.92 while the price-to-book (PB) in the most recent quarter is 1.82.
NiSource Inc.’s quick ratio for the period ended June 29 was 0.30, 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 1.81, while the total debt to equity was 2.08.. In terms of profitability, the gross margin trailing 12 months is 65.20%. The trailing 12-month EBITDA margin is 33.88% while for the period ending June 29, NiSource Inc.’s operating margin was 20.90%. The firm’s gross profit as reported stood at $1.27 billion against revenue of $5.85 billion.
Earnings Surprise
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 $0.11 per share in earnings in its latest quarter, but it posted $0.11, representing a 0.00% surprise. EBITDA for the quarter stood at more than $402.0 million. NI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 19.77 billion, with total debt at $12.62 billion. Shareholders hold equity totaling $413.25 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 08 August was 35.36% to suggest the stock is trending Neutral, with historical volatility in this time period at 17.80%.
The stock’s 5-day moving average is $26.92, reflecting a -2.69% or -$0.74 change from its current price. NI is currently trading -2.98% above its 20-day SMA, -3.99% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -1.00% and SMA200 by+7.48%.
Stochastic %K and %D was 10.82% and 10.89% and the average true range (ATR) pointed at 0.54. The RSI (14) points at 39.59%, while the 14-day stochastic is at 15.23% with the period’s ATR at 0.52. The stock’s 9-day MACD Oscillator is pointing at -0.65 and -0.95 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for NiSource Inc. (NYSE: NI), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for NI stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NI as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 9 have offered a “buy” rating.
What is NI’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $30.00 and a high of $33.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for NiSource Inc. (NI) stock is $30.89.
