Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
After finishing at $77.38 in the prior trading day, Edison International (NYSE: EIX) closed at $69.50, down -10.18%. In other words, the price has decreased by -$10.18 from its previous closing price. On the day, 12.04 million shares were traded. EIX stock price reached its highest trading level at $75.76 during the session, while it also had its lowest trading level at $66.71.
Ratios:
Our goal is to gain a better understanding of EIX by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.81 and its Current Ratio is at 0.88. In the meantime, Its Debt-to-Equity ratio is 2.34 whereas as Long-Term Debt/Eq ratio is at 2.13.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Barclays on January 02, 2025, Upgraded its rating to Overweight and sets its target price to $84 from $91 previously.
On November 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $93.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 22 ’24 when Bowman Erica S sold 0 shares for $87.88 per share. The transaction valued at 42 led to the insider holds 1,287 shares of the business.
Taylor Peter J. sold 1,250 shares of EIX for $104,100 on Nov 15 ’24. The Director now owns 32,372 shares after completing the transaction at $83.28 per share. On Nov 15 ’24, another insider, Taylor Peter J., who serves as the Officer of the company, bought 1,250 shares for $82.13 each.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, EIX now has a Market Capitalization of 26906927104 and an Enterprise Value of 67394945024. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.39, and their Forward P/E ratio for the next fiscal year is 12.22. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.34. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.55 while its Price-to-Book (P/B) ratio in mrq is 1.92. Its current Enterprise Value per Revenue stands at 3.891 whereas that against EBITDA is 10.459.
Stock Price History:
Over the past 52 weeks, EIX has reached a high of $88.77, while it has fallen to a 52-week low of $63.15. The 50-Day Moving Average of the stock is -15.55%, while the 200-Day Moving Average is calculated to be -11.90%.
Shares Statistics:
The stock has traded on average 2.11M shares per day over the past 3-months and 2725450 shares per day over the last 10 days, according to various share statistics. A total of 387.15M shares are outstanding, with a floating share count of 386.70M. Insiders hold about 0.12% of the company’s shares, while institutions hold 90.08% stake in the company. Shares short for EIX as of 1734048000 were 5750751 with a Short Ratio of 2.72, compared to 1731628800 on 6026093. Therefore, it implies a Short% of Shares Outstanding of 5750751 and a Short% of Float of 1.8499999999999999.
Dividends & Splits
In the trailing 12 months, EIX’s forward annual dividend rate was 3.12, compared to 3.17 this year. Against a Trailing Annual Dividend Yield of 0.040320497The stock’s 5-year Average Dividend Yield is 4.25.
