As of Wednesday close, PG&E Corporation’s (NYSE:PCG) stock was down -$0.01, moving down -0.06 percent to $17.40. The average number of shares traded per day over the past five days has been 40,195,063 shares. 5 times new highs have been achieved over the past 5 days, with a $0.33 gain in that time frame. In the last twenty days, the average volume was 19,990,176, while in the previous 50 days, it was 17,545,375.
Since last month, PCG stock rose 4.32%. Shares of the company fell to $16.12 on 09/05/23, the lowest level in the past month. A 52-week high of $18.19 was reached on 07/12/23 after having rallying from a 52-week low of $12.13. Since the beginning of this year, PCG’s stock price has risen by 7.01% or $1.14, and marked a new high 16 times. However, the stock has declined by -4.34% since its 52-week high.
PCG stock investors should be aware that PG&E Corporation (PCG) stock had its last reported insider trading activity 9 days ago on Sep 12. Campbell Cheryl F., the Director of the company, disposed of 10,000 shares for $16.90 on Sep 12. It resulted in a $169,000 divestment by the insider. Burke Carolyn Jeanne added 156 shares at an average price of $15.90 on Mar 30. The insider now owns 25,072 shares following the transaction. On Mar 03, Chief Executive Officer Poppe Patricia K sold 66,700 shares at $15.87 apiece. The transaction was valued at $1,058,529.
Valuation Metrics
Right now, PG&E Corporation (PCG) has a P/E ratio of about 19.10. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 2.00, the price-to-book (PB) ratio of 1.48.
The latest dividend of $0.53 per share was paid out, remained unchanged from last year’s $0.53.
Financial Health
In the three months ended June 29, PG&E Corporation’s quick ratio stood at 0.90, while its current ratio was 1.00, 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 2.11, and the total debt-to-equity ratio was 2.28. On the profitability front, the trailing twelve-month gross margin is 77.40% percent. In the year ended June 29, EBITDA margin amounted to 32.36%, whereas operating margins totaled 8.90%. Based on annual data, PCG earned $1.84 billion in gross profit and brought in $21.68 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 4.20%. Return on equity (ROE) for the past 12 months was 8.40%.
In PG&E Corporation’s quarter-end financial report for June 29, it reported total debt of $50.23 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PCG’s revenue rose 3.25% to $6.21 billion during the quarter, while net income inched up to $5.29 billion. While analysts expected PG&E Corporation to report $0.25 quarterly earnings, the actual figure was $0.23 per share, beating the consensus estimate by -8.00%. During the quarter, the company generated $1.5 billion in EBITDA. The liabilities of PG&E Corporation were 96.69 billion at the end of its most recent quarter ended June 29, and its total debt was $55.71 billion. The value of shareholders’ equity is $2.57 billion.
Technical Picture
This quick technical analysis looks at PG&E Corporation’s (PCG) price momentum. With a historical volatility rate of 5.57%, the RSI 9-day stood at 71.36% on 20 September.
With respect to its five-day moving average, the current PG&E Corporation price is up by +1.93% percent or $0.33. At present, PCG shares trade +3.69% above its 20-day simple moving average and +2.05% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.58% below its SMA50 and +11.40% above its SMA200.
Stochastic coefficient K was 90.57% and Stochastic coefficient D was 91.11%, while ATR was 0.26. Given the Stochastic reading of 90.78% for the 14-day period, the RSI (14) reading has been calculated as 62.55%. As of today, the MACD Oscillator reading stands at 0.20, while the 14-day reading stands at 0.45.
Analyst Ratings
Barclays launched its rating on PG&E Corporation (NYSE: PCG) to an Overweight in a note to investors on August 23, 2023. PG&E Corporation (PCG) has been rated Overweight by analysts. According to 0 brokerage firms, PCG is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate PG&E Corporation stock as buy, with 8 recommending it as overweight.
With a median target price of $19.00, the current consensus forecast for the stock is $14.00 – $21.00. Based on these forecasts, analysts predict PG&E Corporation (PCG) will achieve an average price target of $19.36.
