PG&E Corp. (NYSE:PCG) saw a downside of -0.35% to close Monday at $17.08 after subtracting -$0.06 on the day. The 5-day average trading volume is 12,943,160 shares of the company’s common stock. It has gained $17.53 in the past week and touched a new high 2 times within the past 5 days. An average of 20,430,455 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,799,529.
PCG’s 1-month performance is 2.21% or $0.38 on its low of $16.12 reached on 09/05/23. The company’s shares have touched a 52-week low of $12.13 and high of $18.19, with the stock’s rally to the 52-week high happening on 07/12/23. YTD, PCG has achieved 5.04% or $0.82 and has reached a new high 16 times. However, the current price is down -6.10% from the 52-week high price.
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Insider Transactions
PCG stock investors last saw insider trading activity on Sep 12.Campbell Cheryl F. (Director) most recently sold 10,000 shares at $16.90 per share on Sep 12. This transaction cost the insider $169,000. Chief Executive Officer, Poppe Patricia K, sold 66,700 shares at a price of $15.87 on Mar 03. Then, on Jan 09, Former 10% owner PG&E Fire Victim Trust sold 60,000,000 shares at a price of $15.26 per share. This transaction amounted to $915,600,000.
Valuation Metrics
PCG stock has a beta of 1.10. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.60 while the price-to-book (PB) in the most recent quarter is 1.48.
PG&E Corp.’s quick ratio for the period ended June 29 was 0.89, with the current ratio over the same period at 0.96. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.18, while the total debt to equity was 2.34. In terms of profitability, the gross margin trailing 12 months is 14.42%. The trailing 12-month EBITDA margin is 32.36% while for the period ending June 29, PG&E Corp.’s operating margin was 14.42%. The firm’s gross profit as reported stood at $1.84 billion against revenue of $21.68 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 12.32% to $406.0 million, while revenue of $569.0 million was -40.15% off the previous quarter. Analysts expected PCG to announce $0.25 per share in earnings in its latest quarter, but it posted $0.23, representing a -8.00% surprise. EBITDA for the quarter stood at more than $1.5 billion. PCG stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 96.69 billion, with total debt at $55.71 billion. Shareholders hold equity totaling $2.57 billion.
Let’s look briefly at PG&E Corp. (PCG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 50.30% to suggest the stock is trending Neutral, with historical volatility in this time period at 9.49%.
The stock’s 5-day moving average is $17.25, reflecting a -1.27% or -$0.22 change from its current price. PCG is currently trading +2.28% above its 20-day SMA, -1.04% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.15% and SMA200 by+10.69%.
Stochastic %K and %D was 72.11% and 80.36% and the average true range (ATR) pointed at 0.26. The RSI (14) points at 51.07%, while the 14-day stochastic is at 64.57% with the period’s ATR at 0.27. The stock’s 9-day MACD Oscillator is pointing at -0.09 and 0.06 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for PG&E Corp. (NYSE: PCG), Barclays launched coverage with an Overweight rating. Analysts offering their rating for PCG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate PCG as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 have offered a “buy” rating.
What is PCG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $14.00 and a high of $21.00, with their median price target at $19.00. Looking at these predictions, the average price target given by analysts is for PG&E Corp. (PCG) stock is $19.36.
