Edison International (NYSE:EIX) saw a downside of -2.72% to close Tuesday at $65.80 after subtracting -$1.84 on the day. The 5-day average trading volume is 2,354,960 shares of the company’s common stock. It has gained $70.54 in the past week and touched a new high 1 time within the past 5 days. An average of 1,800,405 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,564,386.
EIX’s 1-month performance is -5.91% or -$4.13 on its low of $65.41 reached on 09/26/23. The company’s shares have touched a 52-week low of $54.45 and high of $74.92, with the stock’s rally to the 52-week high happening on 05/01/23. YTD, EIX has achieved 3.43% or $2.18 and has reached a new high 20 times. However, the current price is down -12.17% from the 52-week high price.
Insider Transactions
EIX stock investors last saw insider trading activity on Sep 15.Choi Caroline (SENIOR VICE PRESIDENT) most recently sold 11,222 shares at $71.64 per share on Sep 15. This transaction cost the insider $803,967. SENIOR VICE PRESIDENT, Murphy J Andrew, sold 22,471 shares at a price of $72.03 on Apr 05.
Valuation Metrics
EIX stock has a beta of 0.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 1.83.
Edison International’s quick ratio for the period ended June 29 was 0.78, with the current ratio over the same period at 0.84. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.92, while the total debt to equity was 2.20.. In terms of profitability, the gross margin trailing 12 months is 22.07%. The trailing 12-month EBITDA margin is 31.81% while for the period ending June 29, Edison International’s operating margin was 17.67%. The firm’s gross profit as reported stood at $1.48 billion against revenue of $17.22 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 31.92% to $354.0 million, while revenue of $310.0 million was 12.43% off the previous quarter. Analysts expected EIX to announce $0.96 per share in earnings in its latest quarter, but it posted $1.01, representing a 5.20% surprise. EBITDA for the quarter stood at more than $1.47 billion. EIX stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 61.86 billion, with total debt at $34.71 billion. Shareholders hold equity totaling $383.29 million.
Let’s look briefly at Edison International (EIX) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 22.00% to suggest the stock is trending oversold, with historical volatility in this time period at 17.25%.
The stock’s 5-day moving average is $68.03, reflecting a -6.25% or -$4.39 change from its current price. EIX is currently trading -5.62% above its 20-day SMA, -8.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.85% and SMA200 by+0.66%.
Stochastic %K and %D was 13.93% and 26.32% and the average true range (ATR) pointed at 1.20. The RSI (14) points at 30.14%, while the 14-day stochastic is at 5.81% with the period’s ATR at 1.19. The stock’s 9-day MACD Oscillator is pointing at -2.24 and -2.40 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Edison International (NYSE: EIX), Barclays launched coverage with an Equal weight rating. Analysts offering their rating for EIX stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate EIX as a “sell,”, while 7 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is EIX’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $53.00 and a high of $86.00, with their median price target at $75.50. Looking at these predictions, the average price target given by analysts is for Edison International (EIX) stock is $74.11.
