The stock of Edison International (NYSE:EIX) decreased by -$1.03 on Tuesday to finish at $70.19, down -1.45 percent. The last five days have seen an average of 1,972,260 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $6.57. The average number of shares traded over the last 20 days was 1,509,935, while the average volume over the last 50 days totaled 1,417,626.
EIX stock appreciated 1.67% since last month. On 09/05/23, the company’s shares reached a one-month low of $66.78. The stock touched a high of $74.92 on 05/01/23, after rallying from a low of $54.45 in 52 weeks. The price of EIX stock has risen by 10.33% or $6.57 this year, reaching a new high 20 times. Still, the stock price is down -6.31% from the 52-week high.
Insider Transactions
EIX stock investors should be aware that Edison International (EIX) stock had its last reported insider trading activity 5 days ago on Sep 15. On Sep 15, SENIOR VICE PRESIDENT Choi Caroline sold 11,222 shares at $71.64 each. This transaction resulted in the insider making $803,967. On Apr 05, Murphy J Andrew sold 22,471 shares at a price of US$72.03. After the transaction, the insider now owns 12,989 shares.
Valuation Metrics
Edison International (EIX) has a trailing price-to-earnings (P/E) ratio of 28.45. Beta for the stock is 0.82. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.57, the price-to-book (PB) ratio of 1.96.
Company paid $0.7375 per share in dividends, a decrease of -0.07% from $0.7380 last year.
Financial Health
For the three months ended June 29, Edison International’s quick ratio was 0.80, while its current ratio was 0.80, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.13, and the total debt to equity ratio is 2.42. As far as profitability goes, gross margin for the trailing twelve months is 62.20% percent. Edison International’s EBITDA margin for the year ended June 29 was 31.81%, whereas its operating margin stood at 12.00% for the same period. Based on annual data, it had gross profit of $1.48 billion and revenue of $17.22 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EIX’s return on assets (ROA) during the last 12 months has been 1.20%. There was a 3.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.20%.
Earnings Surprise
According to Edison International’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $3.96 billion, while revenues fell by -1.11% to $3.97 billion. It was predicted that Edison International’s quarterly earnings would be $1.01, but it ended up being $0.96, beating the consensus by 5.20%. EBITDA was $1.47 billion for the quarter. At the end of Edison International’s most recent quarter ended June 29, its liabilities totaled 61.86 billion, while its total debt was $34.71 billion. Equity owned by shareholders amounts to $383.29 million.
Technical Picture
Here’s a quick look at Edison International’s (EIX) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 51.05%, suggesting the stock is Neutral, with a 17.97% historical volatility rate.
The stochastic %K and %D were 78.84% and 86.56% respectively, while the average true range (ATR) was 1.13. Based on the 14-day stochastic reading of 63.86%, the RSI (14) reading is 51.45%. On the 9-day MACD Oscillator, the stock is at 0.56, and the 14-day reading is at 1.27.
Analyst Ratings
In its analyst report released on August 23, 2023, Barclays began covering Edison International (NYSE: EIX). The stock was rated as an Equal weight by the brokerage firm. Analysts have assigned Edison International (EIX) an Overweight rating. EIX is a stock that is recommended for selling by 1 brokerage firm, while 7 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 7 others recommend it as a buy.
What is EIX’s price target for the next 12 months?
The current consensus forecast for the stock is between $51.00 and $86.00, with a median target price of $75.50. In analyzing these forecasts, the average price target given by analysts for Edison International (EIX) is $73.68.
