Duke Energy Corporation (NYSE:DUK) saw a downside of -1.72% to close Monday at $89.63 after subtracting -$1.57 on the day. The 5-day average trading volume is 2,861,460 shares of the company’s common stock. It has gained $92.33 in the past week and touched a new high 2 times within the past 5 days. An average of 2,928,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,855,126.
DUK’s 1-month performance is -5.43% or -$5.15 on its low of $88.92 reached on 08/04/23. The company’s shares have touched a 52-week low of $83.76 and high of $113.67, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, DUK has lost -12.97% or -$13.36 and has reached a new high 4 times. However, the current price is down -21.15% from the 52-week high price.
Insider Transactions
DUK stock investors last saw insider trading activity on Aug 17.MCKEE E MARIE (Director) most recently sold 1,785 shares at $91.06 per share on Aug 17. This transaction cost the insider $162,542. EVP, CLO & Corp Sec, Ghartey-Tagoe Kodwo, sold 2,500 shares at a price of $91.43 on Aug 16. Then, on Feb 13, SVP, External Affairs & Comm Renjel Louis E. sold 1,900 shares at a price of $99.90 per share. This transaction amounted to $189,812.
Valuation Metrics
DUK stock has a beta of 0.43. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.38 while the price-to-book (PB) in the most recent quarter is 1.49.
Duke Energy Corporation’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.80. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.51, while the total debt to equity was 1.68. In terms of profitability, the gross margin trailing 12 months is 63.90%. The trailing 12-month EBITDA margin is 40.01% while for the period ending June 29, Duke Energy Corporation’s operating margin was 22.30%. The firm’s gross profit as reported stood at $6.01 billion against revenue of $28.77 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 481.62% to -$234.0 million, while revenue of $765.0 million was 426.92% off the previous quarter. Analysts expected DUK to announce $0.98 per share in earnings in its latest quarter, but it posted $0.91, representing a -7.10% surprise. EBITDA for the quarter stood at more than $3.0 billion. DUK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 129.0 billion, with total debt at $78.82 billion. Shareholders hold equity totaling $770.71 million.
Let’s look briefly at Duke Energy Corporation (DUK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 36.09% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.35%.
The stock’s 5-day moving average is $90.93, reflecting a -3.41% or -$3.16 change from its current price. DUK is currently trading -5.42% above its 20-day SMA, -5.40% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.58% and SMA200 by-4.38%.
Stochastic %K and %D was 31.00% and 36.62% and the average true range (ATR) pointed at 1.55. The RSI (14) points at 40.66%, while the 14-day stochastic is at 14.02% with the period’s ATR at 1.56. The stock’s 9-day MACD Oscillator is pointing at -1.38 and -1.00 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Duke Energy Corporation (NYSE: DUK), Goldman launched coverage with a Neutral rating. Analysts offering their rating for DUK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate DUK as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 6 have offered a “buy” rating.
What is DUK’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $95.00 and a high of $120.00, with their median price target at $102.00. Looking at these predictions, the average price target given by analysts is for Duke Energy Corporation (DUK) stock is $102.50.
