As of Friday close, Southwest Gas Holdings Inc.’s (NYSE:SWX) stock was down -$0.13, moving down -0.20 percent to $63.31. The average number of shares traded per day over the past five days has been 422,000 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.96 fall in that time frame. In the last twenty days, the average volume was 409,815, while in the previous 50 days, it was 435,198.
Since last month, SWX stock retreated -3.78%. Shares of the company fell to $63.05 on 08/08/23, the lowest level in the past month. A 52-week high of $83.60 was reached on 08/09/23 after having rallying from a 52-week low of $53.79. Since the beginning of this year, SWX’s stock price has risen by 2.31% or $1.43, and marked a new high 13 times. However, the stock has declined by -24.27% since its 52-week high.
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SWX stock investors should be aware that Southwest Gas Holdings Inc. (SWX) stock had its last reported insider trading activity 78 days ago on Jun 02. ICAHN CARL C, the 10% Owner of the company, purchased of 487 shares for $57.99 on Jun 02. It resulted in a $28,241 investment by the insider. ICAHN CARL C added 9,165 shares at an average price of $57.99 on Jun 01. The insider now owns 10,844,194 shares following the transaction. On May 26, 10% Owner ICAHN CARL C bought 27,803 shares at $57.87 apiece. The transaction was valued at $1,608,960.
Valuation Metrics
The stock’s beta is 0.30. Besides these, the trailing price-to-sales (P/S) ratio of 0.86, the price-to-book (PB) ratio of 1.39.
The latest dividend of $0.62 per share was paid out, remained unchanged from last year’s $0.62. On Thursday February 24 2022, a $0.0250 dividend increase was announced.
Financial Health
In the recent quarter, Southwest Gas Holdings Inc.’s quick ratio stood at 2.10, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.62, and the total debt-to-equity ratio was 1.64. On the profitability front, the trailing twelve-month gross margin is 81.00% percent. In the recent year, EBITDA margin amounted to 18.18%, whereas operating margins totaled -0.40%. Based on annual data, SWX earned -$24.4 million in gross profit and brought in $4.96 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 0.60%. Return on equity (ROE) for the past 12 months was -6.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SWX’s revenue rose 11.78% to $2.26 billion during the quarter, while net income inched up to $2.1 billion. During the quarter, the company generated $196.48 million in EBITDA. The liabilities of Southwest Gas Holdings Inc. were 8.69 billion at the end of its most recent quarter, and its total debt was $5.34 billion. The value of shareholders’ equity is $71.48 million.
Technical Picture
This quick technical analysis looks at Southwest Gas Holdings Inc.’s (SWX) price momentum. With a historical volatility rate of 35.08%, the RSI 9-day stood at 38.63% on 18 August.
With respect to its five-day moving average, the current Southwest Gas Holdings Inc. price is down by -3.00% percent or -$1.96. At present, SWX shares trade -3.64% below its 20-day simple moving average and +3.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.97% above its SMA50 and -13.36% below its SMA200.
Stochastic coefficient K was 16.27% and Stochastic coefficient D was 23.61%, while ATR was 1.43. Given the Stochastic reading of 5.22% for the 14-day period, the RSI (14) reading has been calculated as 43.22%. As of today, the MACD Oscillator reading stands at -0.94, while the 14-day reading stands at -0.97.
Analyst Ratings
Southwest Gas Holdings Inc. downgraded its rating on Southwest Gas Holdings Inc. (NYSE: SWX) to a Neutral in a note to investors on November 30, 2022. The analysts firm previously had a Buy rating on the stock.Southwest Gas Holdings Inc. (SWX) has been rated Overweight by analysts. According to 0 brokerage firms, SWX is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Southwest Gas Holdings Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $69.00, the current consensus forecast for the stock is $64.00 – $87.00. Based on these forecasts, analysts predict Southwest Gas Holdings Inc. (SWX) will achieve an average price target of $72.40.
