Equitable Holdings Inc (NYSE:EQH) saw a downside of -2.58% to close Tuesday at $27.52 after subtracting -$0.73 on the day. The 5-day average trading volume is 1,796,920 shares of the company’s common stock. It has gained $29.47 in the past week and touched a new high 1 time within the past 5 days. An average of 2,080,100 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,065,382.
EQH’s 1-month performance is -0.76% or -$0.21 on its low of $27.51 reached on 09/26/23. The company’s shares have touched a 52-week low of $21.89 and high of $33.24, with the stock’s rally to the 52-week high happening on 02/16/23. YTD, EQH has lost -4.11% or -$1.18 and has reached a new high 16 times. However, the current price is down -17.22% from the 52-week high price.
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Insider Transactions
EQH stock investors last saw insider trading activity on Mar 24.Matus Kristi Ann (Director) most recently sold 19,297 shares at $23.34 per share on Mar 24. This transaction cost the insider $450,372. Chief Accounting Officer, Eckert William James IV, sold 8,100 shares at a price of $25.38 on Mar 22. Then, on Nov 15, President and CEO Pearson Mark sold 30,000 shares at a price of $30.19 per share. This transaction amounted to $905,601.
Valuation Metrics
EQH stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.90 while the price-to-book (PB) in the most recent quarter is 4.84.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.07, while the total debt to equity was 1.07.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income shrunk -132.2% to $733.0 million, while revenue of $163.0 million was 77.76% off the previous quarter. Analysts expected EQH to announce $1.18 per share in earnings in its latest quarter, but it posted $1.17, representing a -0.80% surprise.
Let’s look briefly at Equitable Holdings Inc (EQH) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 33.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 23.11%.
The stock’s 5-day moving average is $28.20, reflecting a -5.36% or -$1.56 change from its current price. EQH is currently trading -2.41% above its 20-day SMA, +12.14% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -0.61% and SMA200 by-10.33%.
Stochastic %K and %D was 17.40% and 27.92% and the average true range (ATR) pointed at 0.61. The RSI (14) points at 39.96%, while the 14-day stochastic is at 0.51% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at -0.68 and -0.61 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Equitable Holdings Inc (NYSE: EQH), Raymond James launched coverage with a Mkt perform rating. Analysts offering their rating for EQH stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EQH as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 8 have offered a “buy” rating.
What is EQH’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $32.00 and a high of $42.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for Equitable Holdings Inc (EQH) stock is $36.90.
