As of Friday close, Edison International’s (NYSE:EIX) stock was down -$0.83, moving down -1.20 percent to $68.07. The average number of shares traded per day over the past five days has been 2,130,800 shares. 1 time new highs have been achieved over the past 5 days, with a -$3.49 fall in that time frame. In the last twenty days, the average volume was 1,677,630, while in the previous 50 days, it was 1,512,476.
Since last month, EIX stock retreated -2.65%. Shares of the company fell to $66.78 on 09/05/23, the lowest level in the past month. A 52-week high of $74.92 was reached on 05/01/23 after having rallying from a 52-week low of $54.45. Since the beginning of this year, EIX’s stock price has risen by 6.99% or $4.45, and marked a new high 20 times. However, the stock has declined by -9.14% since its 52-week high.
EIX stock investors should be aware that Edison International (EIX) stock had its last reported insider trading activity 8 days ago on Sep 15. Choi Caroline, the SENIOR VICE PRESIDENT of the company, disposed of 11,222 shares for $71.64 on Sep 15. It resulted in a $803,967 divestment by the insider. Murphy J Andrew sold 22,471 shares at an average price of $72.03 on Apr 05. The insider now owns 12,989 shares following the transaction.
Valuation Metrics
Right now, Edison International (EIX) has a P/E ratio of about 27.59. The stock’s beta is 0.82. Besides these, the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 1.90.
The latest dividend of $0.7375 per share was paid out, which is -0.07% less than last year’s $0.7380.
Financial Health
In the three months ended June 29, Edison International’s quick ratio stood at 0.80, while its current ratio was 0.80, 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 2.13, and the total debt-to-equity ratio was 2.42. On the profitability front, the trailing twelve-month gross margin is 62.20% percent. In the year ended June 29, EBITDA margin amounted to 31.81%, whereas operating margins totaled 12.00%. Based on annual data, EIX earned $1.48 billion in gross profit and brought in $17.22 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 3.60%. Return on equity (ROE) for the past 12 months was 7.20%.
In Edison International’s quarter-end financial report for June 29, it reported total debt of $29.43 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EIX’s revenue fell -1.11% to $3.97 billion during the quarter, while net income inched up to $3.96 billion. While analysts expected Edison International to report $0.96 quarterly earnings, the actual figure was $1.01 per share, beating the consensus estimate by 5.20%. During the quarter, the company generated $1.47 billion in EBITDA. The liabilities of Edison International were 61.86 billion at the end of its most recent quarter ended June 29, and its total debt was $34.71 billion. The value of shareholders’ equity is $383.29 million.
Technical Picture
This quick technical analysis looks at Edison International’s (EIX) price momentum. With a historical volatility rate of 16.90%, the RSI 9-day stood at 33.19% on 22 September.
With respect to its five-day moving average, the current Edison International price is down by -4.88% percent or -$3.49. At present, EIX shares trade -2.14% below its 20-day simple moving average and -7.95% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.06% below its SMA50 and +4.53% above its SMA200.
Stochastic coefficient K was 39.83% and Stochastic coefficient D was 53.47%, while ATR was 1.11. Given the Stochastic reading of 24.16% for the 14-day period, the RSI (14) reading has been calculated as 39.35%. As of today, the MACD Oscillator reading stands at -1.34, while the 14-day reading stands at -0.78.
Analyst Ratings
Barclays launched its rating on Edison International (NYSE: EIX) to an Equal weight in a note to investors on August 23, 2023. Edison International (EIX) has been rated Overweight by analysts. According to 1 brokerage firm, EIX is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Edison International stock as buy, with 6 recommending it as overweight.
With a median target price of $75.50, the current consensus forecast for the stock is $53.00 – $86.00. Based on these forecasts, analysts predict Edison International (EIX) will achieve an average price target of $73.82.
