NiSource Inc (NYSE:NI) finished Thursday with a subtraction of -$0.58 to close at $24.60, a downside of -2.30 percent. An average of 7,671,900 shares of common stock have been traded in the last five days. There was a fall of -$2.46 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 5,193,310 shares traded, while the 50-day average volume stands at 4,198,696.
NI stock has decreased by -8.04% in the last month. The company shares reached their 1-month lowest point of $24.58 on 09/28/23. With the stock rallying to its 52-week high on 05/10/23, shares of the company touched a low of $23.78 and a high of $28.95 in 52 weeks. It has reached a new high 9 times so far this year and lost -10.28% or -$2.82 in price. In spite of this, the price is down -15.03% from the 52-week high.
Insider Transactions
NI stock investors should be aware that NiSource Inc (NI) stock had its last reported insider trading activity 52 days ago on Aug 23. In this transaction, the insider spent $372,960. EVP & President NI Utilities, Birmingham Melody, disposed of 5,385 shares at a price of $26.57 on Aug 08. The insider now owns more than $143,053 worth of shares. Prior to that, EVP Operations & CSO Jefferson William Jr. went on to Sale 4,875 shares at $26.80 each on Aug 04. An amount of $130,650 was transacted.
Valuation Metrics
NiSource Inc (NI) has a trailing price-to-earnings (P/E) ratio of 17.11. The stock’s beta is 0.48. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.74, the price-to-book (PB) ratio at 1.67.
Financial Health
The quick ratio of NiSource Inc for the three months ended June 29 was 0.34, and the current ratio was 0.45, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.52 and a total debt to equity ratio of 1.75 for the quarter ending June 29. NiSource Inc’s EBITDA margin for the year ending June 29 is 33.88%, while its operating margin for the same period stands at 20.90%. Its gross profit as reported stood at $1.27 billion compared to revenue of $5.85 billion.
Earnings Surprise
The analyst consensus anticipated NiSource Inc’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.11, a 0.00% surprise. For the quarter, EBITDA amounted to $402.0 million. Shareholders own equity worth $413.25 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at NiSource Inc (NI) price momentum. RSI 9-day as of the close on 28 September was 14.85%, suggesting the stock is oversold, with historical volatility in this time frame at 16.81%.
As of today, NI’s price is $25.78 -9.09% or -$2.46 from its 5-day moving average. NI is currently trading -8.04% lower than its 20-day SMA and -13.81% lower than its 100-day SMA. However, the stock’s current price level is -11.19% below the SMA50 and -10.19% below the SMA200.
The stochastic %K and %D were 1.59% and 13.43%, respectively, and the average true range (ATR) was 0.50. With the 14-day stochastic at 0.60% and the average true range at 0.47, the RSI (14) stands at 22.74%. The stock has reached -1.34 on the 9-day MACD Oscillator while the 14-day reading was at -1.66.
Analyst Ratings
UBS upgraded NiSource Inc (NYSE: NI) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
