Evergy Inc. (NASDAQ:EVRG) finished Wednesday with an addition of $0.02 to close at $58.10, an upside of 0.03 percent. An average of 1,396,600 shares of common stock have been traded in the last five days. There was a fall of -$1.61 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,103,265 shares traded, while the 50-day average volume stands at 1,205,490.
EVRG stock has decreased by -1.41% in the last month. The company shares reached their 1-month lowest point of $57.02 on 08/08/23. With the stock rallying to its 52-week high on 01/06/23, shares of the company touched a low of $54.12 and a high of $71.58 in 52 weeks. It has reached a new high 3 times so far this year and lost -7.68% or -$4.83 in price. In spite of this, the price is down -18.83% from the 52-week high.
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Insider Transactions
EVRG stock investors should be aware that Evergy Inc. (EVRG) stock had its last reported insider trading activity 57 days ago on Jun 14. In this transaction, the insider spent $69,755. SVP & CHIEF HRO & CHIEF DO, Elwell Lesley Lissette, disposed of 1,328 shares at a price of $57.67 on May 25. The insider now owns more than $76,585 worth of shares. Prior to that, Director Lawrence Sandra AJ went on to Sale 2,523 shares at $62.32 each on May 12. An amount of $157,243 was transacted.
Valuation Metrics
Evergy Inc. (EVRG) has a trailing price-to-earnings (P/E) ratio of 17.33. The stock’s beta is 0.50. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.29, the price-to-book (PB) ratio at 1.41.
Financial Health
The quick ratio of Evergy Inc. for the three months ended June 29 was 0.30, and the current ratio was 0.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.06 and a total debt to equity ratio of 1.35 for the quarter ending June 29. Evergy Inc.’s EBITDA margin for the year ending June 29 is 39.07%, while its operating margin for the same period stands at 18.70%. Its gross profit as reported stood at $1.27 billion compared to revenue of $5.86 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Evergy Inc.’s return on assets was 2.20%.
Earnings Surprise
For the three-month period that ended June 29, Evergy Inc. had $10.1 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 $179.1 million in the quarter, while revenues of $142.6 million were shrunk -8.6%. The analyst consensus anticipated Evergy Inc.’s latest quarter earnings to come in at $0.77 per share, but it turned out to be $0.81, a 5.20% surprise. For the quarter, EBITDA amounted to $631.5 million. Shareholders own equity worth $229.7 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Evergy Inc. (EVRG) price momentum. RSI 9-day as of the close on 09 August was 39.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.25%.
As of today, EVRG’s price is $57.90 -2.70% or -$1.61 from its 5-day moving average. EVRG is currently trading -3.41% lower than its 20-day SMA and -4.01% lower than its 100-day SMA. However, the stock’s current price level is +1.11% above the SMA50 and +1.86% above the SMA200.
The stochastic %K and %D were 18.35% and 12.02%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 22.41% and the average true range at 1.04, the RSI (14) stands at 42.41%. The stock has reached -0.82 on the 9-day MACD Oscillator while the 14-day reading was at -1.61.
Analyst Ratings
Credit Suisse downgraded Evergy Inc. (NASDAQ: EVRG) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Evergy Inc. (EVRG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EVRG, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 3 others rate it as a “buy”.
What is EVRG’s price target for the next 12 months?
Analysts predict a range of price targets between $57.00 and $68.00, with a median target of $63.50. Taking a look at these predictions, the average price target given by analysts for Evergy Inc. (EVRG) stock is $63.17.
