As of Wednesday close, Entergy Corporation’s (NYSE:ETR) stock was up $0.96, moving up 1.01 percent to $95.58. The average number of shares traded per day over the past five days has been 1,400,260 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.32 fall in that time frame. In the last twenty days, the average volume was 1,434,410, while in the previous 50 days, it was 1,702,158.
Since last month, ETR stock retreated -3.45%. Shares of the company fell to $94.33 on 08/15/23, the lowest level in the past month. A 52-week high of $122.46 was reached on 04/06/23 after having rallying from a 52-week low of $94.16. Since the beginning of this year, ETR’s stock price has dropped by -15.04% or -$16.92, and marked a new high 3 times. However, the stock has declined by -21.95% since its 52-week high.
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ETR stock investors should be aware that Entergy Corporation (ETR) stock had its last reported insider trading activity 161 days ago on Mar 09. RODRIGUEZ DEANNA D., the “Officer” Under Sec. 16 Rules of the company, disposed of 300 shares for $103.96 on Mar 09. It resulted in a $31,188 divestment by the insider. HERMAN ALEXIS M sold 213 shares at an average price of $103.82 on Mar 08. The insider now owns 7,388 shares following the transaction. On Feb 27, “Officer” Under Sec. 16 Rules MINOR ANASTASIA bought 2,500 shares at $107.50 apiece. The transaction was valued at $268,750.
Valuation Metrics
Right now, Entergy Corporation (ETR) has a P/E ratio of about 14.57. The stock’s beta is 0.65. Besides these, the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 1.53.
The latest dividend of $1.07 per share was paid out, remained unchanged from last year’s $1.07. On Friday October 28 2022, a $0.06 dividend increase was announced.
Financial Health
In the recent quarter, Entergy Corporation’s quick ratio stood at 0.50, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.84, and the total debt-to-equity ratio was 2.06. On the profitability front, the trailing twelve-month gross margin is 90.10% percent. In the recent year, EBITDA margin amounted to 27.76%, whereas operating margins totaled 19.70%. Based on annual data, ETR earned $2.05 billion in gross profit and brought in $13.76 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.30%. Return on equity (ROE) for the past 12 months was 10.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ETR’s revenue fell -19.3% to $2.98 billion during the quarter, while net income inched up to $2.85 billion. During the quarter, the company generated $1.22 billion in EBITDA. The liabilities of Entergy Corporation were 46.35 billion at the end of its most recent quarter, and its total debt was $27.28 billion. The value of shareholders’ equity is $211.46 million.
Technical Picture
This quick technical analysis looks at Entergy Corporation’s (ETR) price momentum. With a historical volatility rate of 17.54%, the RSI 9-day stood at 30.73% on 16 August.
With respect to its five-day moving average, the current Entergy Corporation price is down by -1.36% percent or -$1.32. At present, ETR shares trade -5.62% below its 20-day simple moving average and -4.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.19% below its SMA50 and -9.00% below its SMA200.
Stochastic coefficient K was 8.15% and Stochastic coefficient D was 7.17%, while ATR was 1.71. Given the Stochastic reading of 11.84% for the 14-day period, the RSI (14) reading has been calculated as 35.19%. As of today, the MACD Oscillator reading stands at -0.95, while the 14-day reading stands at -2.70.
Analyst Ratings
Entergy Corporation downgraded its rating on Entergy Corporation (NYSE: ETR) to an In-line in a note to investors on June 01, 2023. The analysts firm previously had an Outperform rating on the stock.Entergy Corporation (ETR) has been rated Overweight by analysts. According to 1 brokerage firm, ETR is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Entergy Corporation stock as buy, with 10 recommending it as overweight.
With a median target price of $117.00, the current consensus forecast for the stock is $96.00 – $126.00. Based on these forecasts, analysts predict Entergy Corporation (ETR) will achieve an average price target of $114.85.
