At the last check on Thursday, Companhia Paranaense de Energia – COPEL’s (NYSE:ELP) stock was down -$0.12, moving down -1.30 percent to $9.08. The average number of shares traded per day over the past five days has been 930,117 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.01 fall in that time frame. In the last twenty days, the average volume was 730,469, while in the previous 50 days, it was 558,040.
Since last month, ELP stock rose 4.73%. Shares of the company fell to $8.24 on 09/08/23, the lowest level in the past month. A 52-week high of $9.30 was reached on 09/19/23 after having rallying from a 52-week low of $5.46. Since the beginning of this year, ELP’s stock price has risen by 26.29% or $1.86, and marked a new high 21 times. However, the stock has declined by -2.37% since its 52-week high.
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Valuation Metrics
Right now, Companhia Paranaense de Energia – COPEL (ELP) has a P/E ratio of about 62.62. The stock’s beta is 0.79. Besides these, the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 5.57.
The latest dividend of $0.5370 per share was paid out, which is 667.14% more than last year’s $0.07. On Thursday April 14 2022, a $0.4670 dividend increase was announced.
Financial Health
In the three months ended June 29, Companhia Paranaense de Energia – COPEL’s quick ratio stood at 1.40, while its current ratio was 1.50, 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 0.65, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 21.60% percent. In the year ended June 29, EBITDA margin amounted to 20.43%, whereas operating margins totaled 15.10%. Based on annual data, ELP earned $564.88 million in gross profit and brought in $4.25 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 9.10%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Companhia Paranaense de Energia – COPEL to report $0.14 quarterly earnings, the actual figure was $0.02 per share, beating the consensus estimate by -85.70%. During the quarter, the company generated $227.29 million in EBITDA. The liabilities of Companhia Paranaense de Energia – COPEL were 6.46 billion at the end of its most recent quarter ended June 29, and its total debt was $16.59 billion.
Technical Picture
This quick technical analysis looks at Companhia Paranaense de Energia – COPEL’s (ELP) price momentum. With a historical volatility rate of 24.64%, the RSI 9-day stood at 57.19% on 20 September.
With respect to its five-day moving average, the current Companhia Paranaense de Energia – COPEL price is down by -0.11% percent or -$0.01. At present, ELP shares trade +1.91% above its 20-day simple moving average and +16.93% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.83% above its SMA50 and +21.64% above its SMA200.
Stochastic coefficient K was 83.95% and Stochastic coefficient D was 85.35%, while ATR was 0.22. Given the Stochastic reading of 76.40% for the 14-day period, the RSI (14) reading has been calculated as 56.76%. As of today, the MACD Oscillator reading stands at 0.13, while the 14-day reading stands at 0.33.
Analyst Ratings
UBS upgraded its rating on Companhia Paranaense de Energia – COPEL (NYSE: ELP) to a Buy in a note to investors on February 22, 2021. The analysts firm previously had a Neutral rating on the stock.Companhia Paranaense de Energia – COPEL (ELP) has been rated Buy by analysts. According to 0 brokerage firms, ELP is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Companhia Paranaense de Energia – COPEL stock as buy, with 7 recommending it as overweight.
With a median target price of $12.12, the current consensus forecast for the stock is $10.13 – $13.25. Based on these forecasts, analysts predict Companhia Paranaense de Energia – COPEL (ELP) will achieve an average price target of $11.81.
