As of Wednesday close, Enel Chile S.A.’s (NYSE:ENIC) stock was up $0.04, moving up 1.22 percent to $3.33. The average number of shares traded per day over the past five days has been 1,291,300 shares. 4 times new highs have been achieved over the past 5 days, with a $0.03 gain in that time frame. In the last twenty days, the average volume was 1,091,335, while in the previous 50 days, it was 1,768,184.
Since last month, ENIC stock retreated -2.92%. Shares of the company fell to $3.10 on 08/08/23, the lowest level in the past month. A 52-week high of $3.89 was reached on 07/25/23 after having rallying from a 52-week low of $1.31. Since the beginning of this year, ENIC’s stock price has risen by 48.00% or $1.08, and marked a new high 42 times. However, the stock has declined by -14.51% since its 52-week high.
Valuation Metrics
Right now, Enel Chile S.A. (ENIC) has a P/E ratio of about 2.95. The stock’s beta is 1.10. Besides these, the trailing price-to-sales (P/S) ratio of 0.77, the price-to-book (PB) ratio of 0.93.
The latest dividend of $0.3076 per share was paid out, which is 2696.36% more than last year’s $0.0110. On Wednesday May 17 2023, a $0.2966 dividend increase was announced.
Financial Health
In the three months ended June 29, Enel Chile S.A.’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.45, and the total debt-to-equity ratio was 0.57. On the profitability front, the trailing twelve-month gross margin is 33.70% percent. In the year ended June 29, EBITDA margin amounted to 26.34%, whereas operating margins totaled 20.10%. Based on annual data, ENIC earned $1.71 billion in gross profit and brought in $5.45 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 21.80%. Return on equity (ROE) for the past 12 months was 33.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. While analysts expected Enel Chile S.A. to report $24.83 quarterly earnings, the actual figure was -$19.5 per share, beating the consensus estimate by -178.50%. During the quarter, the company generated -$22.06 million in EBITDA.
Technical Picture
This quick technical analysis looks at Enel Chile S.A.’s (ENIC) price momentum. With a historical volatility rate of 13.93%, the RSI 9-day stood at 58.41% on 30 August.
With respect to its five-day moving average, the current Enel Chile S.A. price is up by +0.91% percent or $0.03. At present, ENIC shares trade -0.89% below its 20-day simple moving average and +29.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.30% above its SMA50 and +80.98% above its SMA200.
Stochastic coefficient K was 68.59% and Stochastic coefficient D was 68.20%, while ATR was 0.10. Given the Stochastic reading of 77.78% for the 14-day period, the RSI (14) reading has been calculated as 52.89%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.05.
Analyst Ratings
Goldman launched its rating on Enel Chile S.A. (NYSE: ENIC) to a Buy in a note to investors on September 29, 2021. Enel Chile S.A. (ENIC) has been rated Overweight by analysts. According to 0 brokerage firms, ENIC is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Enel Chile S.A. stock as buy, with 5 recommending it as overweight.
With a median target price of $3200.00, the current consensus forecast for the stock is $1829.08 – $3812.01. Based on these forecasts, analysts predict Enel Chile S.A. (ENIC) will achieve an average price target of $3007.28.
