Equitable Holdings Inc (NYSE:EQH) finished Friday with an addition of $0.29 to close at $28.39, an upside of 1.03 percent. An average of 2,172,160 shares of common stock have been traded in the last five days. There was a gain of $0.34 in the past week, and it reached a new high 20 times over the past 12 months. The last 20 days have seen an average of 2,051,410 shares traded, while the 50-day average volume stands at 2,097,142.
EQH stock has decreased by -2.47% in the last month. The company shares reached their 1-month lowest point of $27.45 on 09/27/23. With the stock rallying to its 52-week high on 02/16/23, shares of the company touched a low of $21.89 and a high of $33.24 in 52 weeks. It has reached a new high 16 times so far this year and lost -1.08% or -$0.31 in price. In spite of this, the price is down -14.60% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
EQH stock investors should be aware that Equitable Holdings Inc (EQH) stock had its last reported insider trading activity 190 days ago on Mar 24. In this transaction, the insider spent $450,372. Chief Accounting Officer, Eckert William James IV, disposed of 8,100 shares at a price of $25.38 on Mar 22. The insider now owns more than $205,584 worth of shares. Prior to that, President and CEO Pearson Mark went on to Sale 30,000 shares at $30.19 each on Nov 15. An amount of $905,601 was transacted.
Valuation Metrics
Equitable Holdings Inc (EQH) has a trailing price-to-earnings (P/E) ratio of 28.90. The stock’s beta is 1.39. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.93, the price-to-book (PB) ratio at 4.99.
The company has a payout ratio of 17.38%. The company’s most recent quarterly dividend payment was $0.22 a share, without any change from last year. Its latest increase dividend $0.02 reported on Wednesday May 24 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.07 and a total debt to equity ratio of 1.07 for the quarter ending June 29.
Earnings Surprise
For the three-month period that ended June 29, Equitable Holdings Inc had $3.82 billion in total debt. The company posted a net income of $733.0 million in the quarter, while revenues were shrunk -132.2%. The analyst consensus anticipated Equitable Holdings Inc’s latest quarter earnings to come in at $1.18 per share, but it turned out to be $1.17, a -0.80% surprise. At the end of the quarter ending June 29, Equitable Holdings Inc’s stock balance sheet showed total debt was $5.33 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Equitable Holdings Inc (EQH) price momentum. RSI 9-day as of the close on 29 September was 51.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 24.27%.
As of today, EQH’s price is $27.98 +1.21% or $0.34 from its 5-day moving average. EQH is currently trading -1.42% lower than its 20-day SMA and +20.40% higher than its 100-day SMA. However, the stock’s current price level is -0.63% below the SMA50 and -6.46% below the SMA200.
The stochastic %K and %D were 29.04% and 18.74%, respectively, and the average true range (ATR) was 0.62. With the 14-day stochastic at 46.53% and the average true range at 0.62, the RSI (14) stands at 50.82%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.47.
Analyst Ratings
Raymond James launched coverage on Equitable Holdings Inc (NYSE: EQH) in its analyst report released on February 08, 2023. The firm assigned the stock a Mkt perform rating. The consensus rating for Equitable Holdings Inc (EQH) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EQH, while 2 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is EQH’s price target for the next 12 months?
Analysts predict a range of price targets between $32.00 and $42.00, with a median target of $36.00. Taking a look at these predictions, the average price target given by analysts for Equitable Holdings Inc (EQH) stock is $36.90.
