The stock of Evergy Inc. (NASDAQ:EVRG) increased by $0.07 on Tuesday to finish at $54.21, up 0.13 percent. The last five days have seen an average of 2,020,180 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$8.72. The average number of shares traded over the last 20 days was 1,955,465, while the average volume over the last 50 days totaled 1,465,988.
EVRG stock dropped -3.88% since last month. On 09/05/23, the company’s shares reached a one-month low of $52.28. The stock touched a high of $67.79 on 01/06/23, after rallying from a low of $52.28 in 52 weeks. The price of EVRG stock has declined by -13.86% or -$8.72 this year, reaching a new high 3 times. Still, the stock price is down -20.03% from the 52-week high.
Insider Transactions
EVRG stock investors should be aware that Evergy Inc. (EVRG) stock had its last reported insider trading activity 98 days ago on Jun 14. On Jun 14, Director Landrieu Mary L. sold 1,170 shares at $59.62 each. This transaction resulted in the insider making $69,755. On May 25, Elwell Lesley Lissette sold 1,328 shares at a price of US$57.67. After the transaction, the insider now owns 27 shares. Director Lawrence Sandra AJ had earlier sold 2,523 shares on May 12 for $62.32 a share. The transaction was completed for $157,243.
Valuation Metrics
Evergy Inc. (EVRG) has a trailing price-to-earnings (P/E) ratio of 16.50. Beta for the stock is 0.51. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.14, the price-to-book (PB) ratio of 1.31.
Financial Health
For the three months ended June 29, Evergy Inc.’s quick ratio was 0.30, while its current ratio was 0.50, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.06, and the total debt to equity ratio is 1.35. Evergy Inc.’s EBITDA margin for the year ended June 29 was 39.07%, whereas its operating margin stood at 22.20% for the same period. Based on annual data, it had gross profit of $1.27 billion and revenue of $5.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EVRG’s return on assets (ROA) during the last 12 months has been 2.60%. There was a 5.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.90%.
Earnings Surprise
According to Evergy Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.35 billion, while revenues fell by -6.82% to $1.3 billion. It was predicted that Evergy Inc.’s quarterly earnings would be $0.81, but it ended up being $0.77, beating the consensus by 5.20%. EBITDA was $631.5 million for the quarter. At the end of Evergy Inc.’s most recent quarter ended June 29, its liabilities totaled 20.73 billion, while its total debt was $12.9 billion. Equity owned by shareholders amounts to $229.7 million.
Technical Picture
Here’s a quick look at Evergy Inc.’s (EVRG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 46.06%, suggesting the stock is Neutral, with a 16.57% historical volatility rate.
The stochastic %K and %D were 41.67% and 38.21% respectively, while the average true range (ATR) was 1.01. Based on the 14-day stochastic reading of 51.88%, the RSI (14) reading is 42.45%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at 0.31.
Analyst Ratings
Evergy Inc. (NASDAQ: EVRG) was downgraded by Wolfe Research to a a Peer perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Evergy Inc. (EVRG) an Hold rating. EVRG is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is EVRG’s price target for the next 12 months?
The current consensus forecast for the stock is between $52.00 and $68.00, with a median target price of $60.50. In analyzing these forecasts, the average price target given by analysts for Evergy Inc. (EVRG) is $60.33.
