As of Friday close, NRG Energy Inc.’s (NYSE:NRG) stock was up $0.74, moving up 1.95 percent to $38.63. The average number of shares traded per day over the past five days has been 1,883,580 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.47 fall in that time frame. In the last twenty days, the average volume was 2,467,450, while in the previous 50 days, it was 3,146,362.
Since last month, NRG stock rose 3.68%. Shares of the company fell to $36.87 on 08/30/23, the lowest level in the past month. A 52-week high of $45.80 was reached on 09/19/23 after having rallying from a 52-week low of $30.25. Since the beginning of this year, NRG’s stock price has risen by 21.40% or $6.81, and marked a new high 30 times. However, the stock has declined by -15.66% since its 52-week high.
NRG stock investors should be aware that NRG Energy Inc. (NRG) stock had its last reported insider trading activity 281 days ago on Dec 16. HOBBY PAUL W, the Director of the company, purchased of 3,500 shares for $31.37 on Dec 16. It resulted in a $109,795 investment by the insider. Donohue Elisabeth B added 2,500 shares at an average price of $31.32 on Dec 16. The insider now owns 17,724 shares following the transaction. On Dec 16, Director Cox Heather bought 1,571 shares at $31.32 apiece. The transaction was valued at $49,204.
Valuation Metrics
The stock’s beta is 1.00. Besides these, the trailing price-to-sales (P/S) ratio of 0.29, the price-to-book (PB) ratio of 3.33.
The latest dividend of $0.3775 per share was paid out, which is 0.13% more than last year’s $0.3770. On Monday July 17 2023, a $0.0005 dividend increase was announced.
Financial Health
In the three months ended June 29, NRG Energy Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, 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 4.00, and the total debt-to-equity ratio was 4.50. On the profitability front, the trailing twelve-month gross margin is 0.20% percent. In the year ended June 29, EBITDA margin amounted to 5.73%, whereas operating margins totaled -7.10%. Based on annual data, NRG earned $2.02 billion in gross profit and brought in $31.54 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 13.30%. Return on equity (ROE) for the past 12 months was -59.00%.
In NRG Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $10.74 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NRG’s revenue fell -14.71% to $7.72 billion during the quarter, while net income inched up to $6.35 billion. While analysts expected NRG Energy Inc. to report $2.47 quarterly earnings, the actual figure was $1.25 per share, beating the consensus estimate by -49.40%. During the quarter, the company generated $892.0 million in EBITDA. The liabilities of NRG Energy Inc. were 25.66 billion at the end of its most recent quarter ended June 29, and its total debt was $12.32 billion. The value of shareholders’ equity is $229.12 million.
Technical Picture
This quick technical analysis looks at NRG Energy Inc.’s (NRG) price momentum. With a historical volatility rate of 21.80%, the RSI 9-day stood at 51.42% on 22 September.
With respect to its five-day moving average, the current NRG Energy Inc. price is down by -1.20% percent or -$0.47. At present, NRG shares trade +4.41% above its 20-day simple moving average and +13.62% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.65% above its SMA50 and -5.41% below its SMA200.
Stochastic coefficient K was 38.58% and Stochastic coefficient D was 53.91%, while ATR was 0.80. Given the Stochastic reading of 43.99% for the 14-day period, the RSI (14) reading has been calculated as 53.27%. As of today, the MACD Oscillator reading stands at -0.42, while the 14-day reading stands at -0.30.
Analyst Ratings
BofA Securities upgraded its rating on NRG Energy Inc. (NYSE: NRG) to a Buy in a note to investors on March 20, 2023. The analysts firm previously had a Neutral rating on the stock.NRG Energy Inc. (NRG) has been rated Hold by analysts. According to 1 brokerage firm, NRG is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate NRG Energy Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $43.00, the current consensus forecast for the stock is $33.00 – $48.00. Based on these forecasts, analysts predict NRG Energy Inc. (NRG) will achieve an average price target of $41.63.
