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As of close of business last night, Edison International’s stock clocked out at $84.19, down -1.29% from its previous closing price of $85.29. In other words, the price has decreased by -$1.29 from its previous closing price. On the day, 1.86 million shares were traded. EIX stock price reached its highest trading level at $85.44 during the session, while it also had its lowest trading level at $84.12.
Ratios:
To gain a deeper understanding of EIX’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.96 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 2.43 whereas as Long-Term Debt/Eq ratio is at 2.22.
On July 19, 2024, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $83 to $82.
On April 10, 2024, Goldman started tracking the stock assigning a Neutral rating and target price of $78.Goldman initiated its Neutral rating on April 10, 2024, with a $78 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Aug 26 ’24 when Murphy J Andrew sold 23,896 shares for $85.45 per share. The transaction valued at 2,041,856 led to the insider holds 19,850 shares of the business.
Murphy J Andrew sold 1,362 shares of EIX for $115,770 on Aug 23 ’24. The PRESIDENT & CEO, EDISON ENERGY now owns 19,850 shares after completing the transaction at $85.00 per share. On Jul 31 ’24, another insider, Murphy J Andrew, who serves as the PRESIDENT & CEO, EDISON ENERGY of the company, sold 32,505 shares for $80.12 each. As a result, the insider received 2,604,395 and left with 19,660 shares of the company.
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 32936982528 and an Enterprise Value of 73639223296. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.85, and their Forward P/E ratio for the next fiscal year is 15.01. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.93 while its Price-to-Book (P/B) ratio in mrq is 2.36. Its current Enterprise Value per Revenue stands at 4.378 whereas that against EBITDA is 11.632.
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 $58.82. The 50-Day Moving Average of the stock is 3.16%, while the 200-Day Moving Average is calculated to be 15.08%.
Shares Statistics:
It appears that EIX traded 1.89M shares on average per day over the past three months and 2262810 shares per day over the past ten days. A total of 386.18M shares are outstanding, with a floating share count of 385.73M. Insiders hold about 0.12% of the company’s shares, while institutions hold 90.84% stake in the company. Shares short for EIX as of 1724976000 were 5155612 with a Short Ratio of 2.73, compared to 1722384000 on 4999265. Therefore, it implies a Short% of Shares Outstanding of 5155612 and a Short% of Float of 1.66.
Dividends & Splits
With its trailing 12-month dividend rate of 3.078, EIX has a forward annual dividend rate of 3.08. Against a Trailing Annual Dividend Yield of 0.036088638The stock’s 5-year Average Dividend Yield is 4.24.
