Entergy Corporation (NYSE:ETR) finished Thursday with an addition of $0.29 to close at $96.45, an upside of 0.30 percent. An average of 1,370,555 shares of common stock have been traded in the last five days. There was a fall of -$1.19 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,468,229 shares traded, while the 50-day average volume stands at 1,712,657.
ETR stock has decreased by -2.60% in the last month. The company shares reached their 1-month lowest point of $95.67 on 08/10/23. With the stock rallying to its 52-week high on 04/06/23, shares of the company touched a low of $94.16 and a high of $122.46 in 52 weeks. It has reached a new high 3 times so far this year and lost -14.27% or -$16.05 in price. In spite of this, the price is down -21.24% from the 52-week high.
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Insider Transactions
ETR stock investors should be aware that Entergy Corporation (ETR) stock had its last reported insider trading activity 155 days ago on Mar 09. In this transaction, the insider spent $31,188. Director, HERMAN ALEXIS M, disposed of 213 shares at a price of $103.82 on Mar 08. The insider now owns more than $22,114 worth of shares. Prior to that, EVP & General Counsel Brown Marcus V went on to Sale 12,500 shares at $106.10 each on Feb 27. An amount of $1,326,250 was transacted.
Valuation Metrics
Entergy Corporation (ETR) has a trailing price-to-earnings (P/E) ratio of 17.55. The stock’s beta is 0.65. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.48, the price-to-book (PB) ratio at 1.54.
The company has a payout ratio of 76.30%. The company’s most recent quarterly dividend payment was $1.07 a share, without any change from last year. Its latest increase dividend $0.06 reported on Friday October 28 2022.
Financial Health
The quick ratio of Entergy Corporation for the three months ended June 29 was 0.50, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Entergy Corporation’s EBITDA margin for the year ending June 29 is 27.76%, while its operating margin for the same period stands at 18.90%. Its gross profit as reported stood at $2.05 billion compared to revenue of $13.76 billion.
Earnings Surprise
For the three-month period that ended June 29, Entergy Corporation had $24.32 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $391.24 million in the quarter, while revenues were grew 59.18%. The analyst consensus anticipated Entergy Corporation’s latest quarter earnings to come in at $1.66 per share, but it turned out to be $1.84, a 10.80% surprise. For the quarter, EBITDA amounted to $1.22 billion. Shareholders own equity worth $211.46 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Entergy Corporation (ETR) price momentum. RSI 9-day as of the close on 10 August was 27.68%, suggesting the stock is oversold, with historical volatility in this time frame at 13.79%.
As of today, ETR’s price is $96.82 -1.22% or -$1.19 from its 5-day moving average. ETR is currently trading -3.44% lower than its 20-day SMA and -9.07% lower than its 100-day SMA. However, the stock’s current price level is -1.79% below the SMA50 and -5.76% below the SMA200.
The stochastic %K and %D were 8.26% and 10.37%, respectively, and the average true range (ATR) was 1.78. With the 14-day stochastic at 7.72% and the average true range at 1.85, the RSI (14) stands at 35.15%. The stock has reached -1.57 on the 9-day MACD Oscillator while the 14-day reading was at -3.57.
Analyst Ratings
Evercore ISI downgraded Entergy Corporation (NYSE: ETR) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for Entergy Corporation (ETR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell ETR, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 10 others rate it as a “buy”.
What is ETR’s price target for the next 12 months?
Analysts predict a range of price targets between $96.00 and $126.00, with a median target of $117.00. Taking a look at these predictions, the average price target given by analysts for Entergy Corporation (ETR) stock is $114.85.
