Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
Edison International (NYSE: EIX) closed the day trading at $58.43 up 2.03% from the previous closing price of $57.27. In other words, the price has increased by $2.03 from its previous closing price. On the day, 10.56 million shares were traded. EIX stock price reached its highest trading level at $59.59 during the session, while it also had its lowest trading level at $56.44.
Ratios:
For a better understanding of EIX, let’s 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 22621175808 and an Enterprise Value of 63109189632. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.15, and their Forward P/E ratio for the next fiscal year is 10.27. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 1.61. Its current Enterprise Value per Revenue stands at 3.644 whereas that against EBITDA is 9.793.
Stock Price History:
The Beta on a monthly basis for EIX is 0.97, which has changed by -0.17359304 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, EIX has reached a high of $88.77, while it has fallen to a 52-week low of $55.27. The 50-Day Moving Average of the stock is -27.77%, while the 200-Day Moving Average is calculated to be -25.81%.
Shares Statistics:
Over the past 3-months, EIX traded about 2.72M shares per day on average, while over the past 10 days, EIX traded about 5566250 shares per day. A total of 387.15M shares are outstanding, with a floating share count of 386.64M. Insiders hold about 0.13% of the company’s shares, while institutions hold 90.11% stake in the company. Shares short for EIX as of 1735603200 were 5958731 with a Short Ratio of 2.19, compared to 1732838400 on 5577808. Therefore, it implies a Short% of Shares Outstanding of 5958731 and a Short% of Float of 1.91.
Dividends & Splits
EIX’s forward annual dividend rate is 3.17, up from 3.12 a year ago. Against a Trailing Annual Dividend Yield of 0.054478783The stock’s 5-year Average Dividend Yield is 4.25. The current Payout Ratio is 96.17% for EIX, which recently paid a dividend on 2025-01-07 with an ex-dividend date of 1736208000. Stock splits for the company last occurred on 1993-06-22 when the company split stock in a 2:1 ratio.
