As of Thursday close, PG&E Corporation’s (NYSE:PCG) stock was down -$0.31, moving down -1.83 percent to $16.66. The average number of shares traded per day over the past five days has been 14,306,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.74 fall in that time frame. In the last twenty days, the average volume was 14,494,530, while in the previous 50 days, it was 16,610,225.
Since last month, PCG stock retreated -6.09%. Shares of the company fell to $16.64 on 08/17/23, the lowest level in the past month. A 52-week high of $18.19 was reached on 07/12/23 after having rallying from a 52-week low of $11.60. Since the beginning of this year, PCG’s stock price has risen by 2.46% or $0.40, and marked a new high 16 times. However, the stock has declined by -8.41% since its 52-week high.
PCG stock investors should be aware that PG&E Corporation (PCG) stock had its last reported insider trading activity 141 days ago on Mar 30. Burke Carolyn Jeanne, the EVP Finance of the company, purchased of 156 shares for $15.90 on Mar 30. It resulted in a $2,480 investment by the insider. Poppe Patricia K sold 66,700 shares at an average price of $15.87 on Mar 03. The insider now owns 1,269,325 shares following the transaction. On Jan 09, Former 10% owner PG&E Fire Victim Trust sold 60,000,000 shares at $15.26 apiece. The transaction was valued at $915,600,000.
Valuation Metrics
Right now, PG&E Corporation (PCG) has a P/E ratio of about 18.29. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 1.92, the price-to-book (PB) ratio of 1.42.
The latest dividend of $0.53 per share was paid out, remained unchanged from last year’s $0.53.
Financial Health
In the three months ended June 29, PG&E Corporation’s quick ratio stood at 0.90, while its current ratio was 1.00, 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 quarter ending June 29 was 2.11, and the total debt-to-equity ratio was 2.28. On the profitability front, the trailing twelve-month gross margin is 77.40% percent. In the year ended June 29, EBITDA margin amounted to 32.36%, whereas operating margins totaled 8.90%. Based on annual data, PCG earned $1.84 billion in gross profit and brought in $21.68 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 4.20%. Return on equity (ROE) for the past 12 months was 8.40%.
In PG&E Corporation’s quarter-end financial report for June 29, it reported total debt of $50.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PCG’s revenue fell -9.6% to $6.21 billion during the quarter, while net income inched up to $5.29 billion. While analysts expected PG&E Corporation to report $0.25 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -8.00%. During the quarter, the company generated $1.5 billion in EBITDA. The liabilities of PG&E Corporation were 96.69 billion at the end of its most recent quarter ended June 29, and its total debt was $55.71 billion. The value of shareholders’ equity is $2.57 billion.
Technical Picture
This quick technical analysis looks at PG&E Corporation’s (PCG) price momentum. With a historical volatility rate of 17.63%, the RSI 9-day stood at 27.29% on 17 August.
With respect to its five-day moving average, the current PG&E Corporation price is down by -4.25% percent or -$0.74. At present, PCG shares trade -6.03% below its 20-day simple moving average and +6.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.65% below its SMA50 and +9.25% above its SMA200.
Stochastic coefficient K was 6.38% and Stochastic coefficient D was 12.55%, while ATR was 0.32. Given the Stochastic reading of 1.79% for the 14-day period, the RSI (14) reading has been calculated as 34.65%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.42.
Analyst Ratings
UBS upgraded its rating on PG&E Corporation (NYSE: PCG) to a Buy in a note to investors on August 07, 2023. The analysts firm previously had a Neutral rating on the stock.PG&E Corporation (PCG) has been rated Overweight by analysts. According to 0 brokerage firms, PCG is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate PG&E Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $19.50, the current consensus forecast for the stock is $15.00 – $21.00. Based on these forecasts, analysts predict PG&E Corporation (PCG) will achieve an average price target of $19.50.
