As of Friday close, Equitable Holdings Inc.’s (NYSE:EQH) stock was down -$0.09, moving down -0.32 percent to $28.05. The average number of shares traded per day over the past five days has been 1,685,440 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.11 fall in that time frame. In the last twenty days, the average volume was 2,044,760, while in the previous 50 days, it was 2,090,074.
Since last month, EQH stock rose 2.60%. Shares of the company fell to $27.02 on 08/23/23, the lowest level in the past month. A 52-week high of $33.24 was reached on 02/16/23 after having rallying from a 52-week low of $21.89. Since the beginning of this year, EQH’s stock price has dropped by -2.26% or -$0.65, and marked a new high 16 times. However, the stock has declined by -15.63% since its 52-week high.
EQH stock investors should be aware that Equitable Holdings Inc. (EQH) stock had its last reported insider trading activity 183 days ago on Mar 24. Matus Kristi Ann, the Director of the company, disposed of 19,297 shares for $23.34 on Mar 24. It resulted in a $450,372 divestment by the insider. Eckert William James IV sold 8,100 shares at an average price of $25.38 on Mar 22. The insider now owns 27,062 shares following the transaction. On Mar 15, Chief Financial Officer Raju Robin M bought 2,096 shares at $23.78 apiece. The transaction was valued at $49,836.
Valuation Metrics
Right now, Equitable Holdings Inc. (EQH) has a P/E ratio of about 28.56. The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.71, the price-to-book (PB) ratio of 5.00.
The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Wednesday May 24 2023, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.26, and the total debt-to-equity ratio was 6.36. On the profitability front, the trailing twelve-month gross margin is 55.50% percent. In the year ended June 29, operating margins totaled 21.20%.
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 4.50%. Return on equity (ROE) for the past 12 months was 23.40%.
In Equitable Holdings Inc.’s quarter-end financial report for June 29, it reported total debt of $3.82 billion. EQH’s revenue fell -117.42% to $2.36 billion during the quarter, while net income inched up to $2.38 billion. While analysts expected Equitable Holdings Inc. to report $1.18 quarterly earnings, the actual figure was $1.17 per share, beating the consensus estimate by -0.80%.
Technical Picture
This quick technical analysis looks at Equitable Holdings Inc.’s (EQH) price momentum. With a historical volatility rate of 22.77%, the RSI 9-day stood at 39.19% on 22 September.
With respect to its five-day moving average, the current Equitable Holdings Inc. price is down by -3.81% percent or -$1.11. At present, EQH shares trade +1.67% above its 20-day simple moving average and +7.59% percent above its 100-day simple moving average. However, the stock is currently trading approximately +0.14% above its SMA50 and -9.60% below its SMA200.
Stochastic coefficient K was 40.73% and Stochastic coefficient D was 60.01%, while ATR was 0.60. Given the Stochastic reading of 20.22% for the 14-day period, the RSI (14) reading has been calculated as 44.78%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at -0.22.
Analyst Ratings
Raymond James launched its rating on Equitable Holdings Inc. (NYSE: EQH) to a Mkt perform in a note to investors on February 08, 2023. Equitable Holdings Inc. (EQH) has been rated Overweight by analysts. According to 0 brokerage firms, EQH is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Equitable Holdings Inc. stock as buy, with 8 recommending it as overweight.
With a median target price of $36.00, the current consensus forecast for the stock is $32.00 – $42.00. Based on these forecasts, analysts predict Equitable Holdings Inc. (EQH) will achieve an average price target of $36.90.
