As of Wednesday close, NiSource Inc.’s (NYSE:NI) stock traded at $26.75. The average number of shares traded per day over the past five days has been 2,325,820 shares. 1 time new highs have been achieved over the past 5 days, with a $0.23 gain in that time frame. In the last twenty days, the average volume was 2,805,800, while in the previous 50 days, it was 3,545,650.
Since last month, NI stock retreated -2.66%. Shares of the company fell to $26.07 on 08/15/23, the lowest level in the past month. A 52-week high of $30.83 was reached on 05/10/23 after having rallying from a 52-week low of $23.78. Since the beginning of this year, NI’s stock price has dropped by -2.44% or -$0.67, and marked a new high 9 times. However, the stock has declined by -13.23% since its 52-week high.
NI stock investors should be aware that NiSource Inc. (NI) stock had its last reported insider trading activity 8 days ago on Aug 23. Yates Lloyd M, the Director and President & CEO of the company, purchased of 40,000 shares for $26.44 on Aug 23. It resulted in a $1,057,600 investment by the insider. Brown Donald Eugene sold 14,000 shares at an average price of $26.64 on Aug 08. The insider now owns 187,278 shares following the transaction. On Aug 08, EVP & President NI Utilities Birmingham Melody sold 5,385 shares at $26.57 apiece. The transaction was valued at $143,053.
Valuation Metrics
Right now, NiSource Inc. (NI) has a P/E ratio of about 18.55. The stock’s beta is 0.47. Besides these, the trailing price-to-sales (P/S) ratio of 1.87, the price-to-book (PB) ratio of 1.82.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25.
Financial Health
In the three months ended June 29, NiSource Inc.’s quick ratio stood at 0.30, while its current ratio was 0.50, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.81, and the total debt-to-equity ratio was 2.08. On the profitability front, the trailing twelve-month gross margin is 65.20% percent. In the year ended June 29, EBITDA margin amounted to 33.88%, whereas operating margins totaled 20.90%. Based on annual data, NI earned $1.27 billion in gross profit and brought in $5.85 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 6.30%. Return on equity (ROE) for the past 12 months was 10.80%.
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 NiSource Inc. to report $0.11 quarterly earnings, the actual figure was $0.11 per share. During the quarter, the company generated $402.0 million in EBITDA. The liabilities of NiSource Inc. were 19.77 billion at the end of its most recent quarter ended June 29, and its total debt was $12.62 billion. The value of shareholders’ equity is $413.25 million.
Technical Picture
This quick technical analysis looks at NiSource Inc.’s (NI) price momentum. With a historical volatility rate of 8.26%, the RSI 9-day stood at 53.53% on 30 August.
With respect to its five-day moving average, the current NiSource Inc. price is up by +0.87% percent or $0.23. At present, NI shares trade -3.46% below its 20-day simple moving average and -7.18% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.73% below its SMA50 and +2.53% above its SMA200.
Stochastic coefficient K was 63.82% and Stochastic coefficient D was 51.92%, while ATR was 0.37. Given the Stochastic reading of 80.95% for the 14-day period, the RSI (14) reading has been calculated as 48.77%. As of today, the MACD Oscillator reading stands at 0.18, while the 14-day reading stands at 0.23.
Analyst Ratings
UBS upgraded its rating on NiSource Inc. (NYSE: NI) to a Buy in a note to investors on June 06, 2023. The analysts firm previously had a Neutral rating on the stock.NiSource Inc. (NI) has been rated Buy by analysts. According to 0 brokerage firms, NI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate NiSource Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $31.00, the current consensus forecast for the stock is $30.00 – $33.00. Based on these forecasts, analysts predict NiSource Inc. (NI) will achieve an average price target of $30.89.
