The stock of Equitable Holdings Inc. (NYSE:EQH) increased by $0.4 on Tuesday to at $28.60, up 1.44 percent. The last five days have seen an average of 1,396,034 shares of common stock traded. 16 times new highs were reached in the current year, with a fall of -$0.09. The average number of shares traded over the last 20 days was 1,865,888, while the average volume over the last 50 days totaled 2,415,059.
EQH stock dropped -0.30% since last month. On 08/23/23, the company’s shares reached a one-month low of $27.02. The stock touched a high of $33.24 on 02/16/23, after rallying from a low of $21.89 in 52 weeks. The price of EQH stock has declined by -0.33% or -$0.09 this year, reaching a new high 16 times. Still, the stock price is down -13.96% from the 52-week high.
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Insider Transactions
EQH stock investors should be aware that Equitable Holdings Inc. (EQH) stock had its last reported insider trading activity 158 days ago on Mar 24. On Mar 24, Director Matus Kristi Ann sold 19,297 shares at $23.34 each. This transaction resulted in the insider making $450,372. On Mar 22, Eckert William James IV sold 8,100 shares at a price of US$25.38. After the transaction, the insider now owns 27,062 shares. Chief Financial Officer Raju Robin M had earlier bought 2,096 shares on Mar 15 for $23.78 a share. The transaction was completed for $49,836.
Valuation Metrics
Equitable Holdings Inc. (EQH) has a trailing price-to-earnings (P/E) ratio of 29.13. Beta for the stock is 1.40. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 5.10.
Company paid $0.22 per share in dividends, remained unchanged from $0.22 last year. A $0.02 dividend increase was reported on Wednesday May 24 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.26, and the total debt to equity ratio is 6.36. As far as profitability goes, gross margin for the trailing twelve months is 55.50% percent. Equitable Holdings Inc.’s operating margin stood at 21.20% for the same period.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EQH’s return on assets (ROA) during the last 12 months has been 0.10%. There was a 4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.40%.
Earnings Surprise
According to Equitable Holdings Inc.’s quarterly financial report for the quarter that ended June 29. Net income for the quarter came in at $2.38 billion, while revenues fell by -117.42% to $2.36 billion. It was predicted that Equitable Holdings Inc.’s quarterly earnings would be $1.17, but it ended up being $1.18, beating the consensus by -0.80%. At the end of Equitable Holdings Inc.’s most recent quarter ended June 29, its total debt was $5.33 billion.
Technical Picture
Here’s a quick look at Equitable Holdings Inc.’s (EQH) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 64.64%, suggesting the stock is Neutral, with a 15.44% historical volatility rate.
The stochastic %K and %D were 61.51% and 41.78% respectively, while the average true range (ATR) was 0.58. Based on the 14-day stochastic reading of 93.53%, the RSI (14) reading is 59.38%. On the 9-day MACD Oscillator, the stock is at 0.51, and the 14-day reading is at 0.41.
Analyst Ratings
In its analyst report released on February 08, 2023, Raymond James began covering Equitable Holdings Inc. (NYSE: EQH). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Equitable Holdings Inc. (EQH) an Overweight rating. EQH is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is EQH’s price target for the next 12 months?
The current consensus forecast for the stock is between $29.00 and $42.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for Equitable Holdings Inc. (EQH) is $36.60.
