The stock of NRG Energy Inc. (NYSE:NRG) decreased by -$0.05 on Tuesday to finish at $36.95, down -0.14 percent. The last five days have seen an average of 2,842,220 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $5.13. The average number of shares traded over the last 20 days was 3,970,850, while the average volume over the last 50 days totaled 4,582,450.
NRG stock appreciated 1.65% since last month. On 08/14/23, the company’s shares reached a one-month low of $35.97. The stock touched a high of $45.80 on 07/26/23, after rallying from a low of $30.25 in 52 weeks. The price of NRG stock has risen by 16.12% or $5.13 this year, reaching a new high 27 times. Still, the stock price is down -19.32% from the 52-week high.
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Insider Transactions
NRG stock investors should be aware that NRG Energy Inc. (NRG) stock had its last reported insider trading activity 243 days ago on Dec 16. On Dec 16, Director HOBBY PAUL W acquired 3,500 shares at $31.37 each. This transaction resulted in the insider spending $109,795. On Dec 16, Donohue Elisabeth B added 2,500 shares at a price of US$31.32. After the transaction, the insider now owns 17,724 shares. Director Cox Heather had earlier bought 1,571 shares on Dec 16 for $31.32 a share. The transaction was completed for $49,204.
Valuation Metrics
Beta for the stock is 1.01. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.28, the price-to-book (PB) ratio of 3.18.
Company paid $0.3775 per share in dividends, an increase of 0.13% from $0.3770 last year. A $0.0005 dividend increase was reported on Monday July 17 2023.
Financial Health
For the three months ended June 29, NRG Energy Inc.’s quick ratio was 1.00, while its current ratio was 1.00, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 4.00, and the total debt to equity ratio is 4.50. As far as profitability goes, gross margin for the trailing twelve months is 0.20% percent. NRG Energy Inc.’s EBITDA margin for the year ended June 29 was 5.73%, whereas its operating margin stood at -7.10% for the same period. Based on annual data, it had gross profit of $2.02 billion and revenue of $31.54 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NRG’s return on assets (ROA) during the last 12 months has been -6.90%. There was a 13.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -59.00%.
Earnings Surprise
According to NRG Energy Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.35 billion, while revenues fell by -14.71% to $7.72 billion. It was predicted that NRG Energy Inc.’s quarterly earnings would be $1.25, but it ended up being $2.47, beating the consensus by -49.40%. EBITDA was $892.0 million for the quarter. At the end of NRG Energy Inc.’s most recent quarter ended June 29, its liabilities totaled 25.66 billion, while its total debt was $12.32 billion. Equity owned by shareholders amounts to $229.12 million.
Technical Picture
Here’s a quick look at NRG Energy Inc.’s (NRG) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 44.56%, suggesting the stock is Neutral, with a 14.93% historical volatility rate.
The stochastic %K and %D were 29.21% and 27.63% respectively, while the average true range (ATR) was 0.91. Based on the 14-day stochastic reading of 35.91%, the RSI (14) reading is 48.08%. On the 9-day MACD Oscillator, the stock is at -0.27, and the 14-day reading is at -0.45.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on NRG Energy Inc. (NYSE: NRG) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned NRG Energy Inc. (NRG) an Hold rating. NRG is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 3 others recommend it as a buy.
What is NRG’s price target for the next 12 months?
The current consensus forecast for the stock is between $33.00 and $46.00, with a median target price of $42.50. In analyzing these forecasts, the average price target given by analysts for NRG Energy Inc. (NRG) is $41.25.
