PG&E Corporation (NYSE:PCG) finished Thursday with an addition of $0.01 to close at $16.71, an upside of 0.06 percent. An average of 13,123,160 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 14,488,120 shares traded, while the 50-day average volume stands at 16,609,527.
PCG stock has decreased by -6.65% in the last month. The company shares reached their 1-month lowest point of $16.42 on 08/18/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $11.60 and a high of $18.19 in 52 weeks. It has reached a new high 16 times so far this year and achieved 2.77% or $0.45 in price. In spite of this, the price is down -8.14% from the 52-week high.
Insider Transactions
PCG stock investors should be aware that PG&E Corporation (PCG) stock had its last reported insider trading activity 175 days ago on Mar 30. In this transaction, the insider spent $1,058,529. Former 10% owner, PG&E Fire Victim Trust, disposed of 60,000,000 shares at a price of $15.26 on Jan 09. The insider now owns more than $915,600,000 worth of shares. Prior to that, 10% Owner PG&E Fire Victim Trust went on to Sale 60,000,000 shares at $15.13 each on Dec 12. An amount of $908,100,000 was transacted.
Valuation Metrics
PG&E Corporation (PCG) has a trailing price-to-earnings (P/E) ratio of 18.34. The stock’s beta is 1.12. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.92, the price-to-book (PB) ratio at 1.42.
Financial Health
The quick ratio of PG&E Corporation for the recent quarter was 0.90, and the current ratio was 1.00, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.11 and a total debt to equity ratio of 2.28 for the recent quarter. Its gross profit as reported stood at $1.84 billion compared to revenue of $21.68 billion.
Earnings Surprise
For the recent quarter, PG&E Corporation had $50.23 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $406.0 million in the quarter, while revenues were grew 12.32%. Shareholders own equity worth $2.57 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at PG&E Corporation (PCG) price momentum. RSI 9-day as of the close on 24 August was 33.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.64%.
As of today, PCG’s price is $16.72 +0.30% or $0.05 from its 5-day moving average. PCG is currently trading -5.00% lower than its 20-day SMA and +3.34% higher than its 100-day SMA. However, the stock’s current price level is -1.47% below the SMA50 and +9.14% above the SMA200.
The stochastic %K and %D were 25.30% and 24.94%, respectively, and the average true range (ATR) was 0.29. With the 14-day stochastic at 23.69% and the average true range at 0.31, the RSI (14) stands at 37.55%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.31.
Analyst Ratings
Barclays launched coverage on PG&E Corporation (NYSE: PCG) in its analyst report released on August 23, 2023. The firm assigned the stock an Overweight rating. The consensus rating for PG&E Corporation (PCG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell PCG, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 8 others rate it as a “buy”.
What is PCG’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $21.00, with a median target of $19.00. Taking a look at these predictions, the average price target given by analysts for PG&E Corporation (PCG) stock is $19.36.
