Market Momentum Report: Equitable Holdings Inc (EQH)’s Positive Close at 40.20

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The price of Equitable Holdings Inc (NYSE: EQH) closed at $40.20 in the last session, up 0.05% from day before closing price of $40.18. In other words, the price has increased by $0.05 from its previous closing price. On the day, 2.96 million shares were traded. EQH stock price reached its highest trading level at $40.64 during the session, while it also had its lowest trading level at $40.03.

Ratios:

We take a closer look at EQH’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 1.88 whereas as Long-Term Debt/Eq ratio is at 1.88.

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, JP Morgan on January 03, 2024, Downgraded its rating to Neutral and sets its target price to $36 from $35 previously.

On December 11, 2023, Jefferies Upgraded its rating to Buy which previously was Hold and also upped its target price recommendation from $28 to $37.

Keefe Bruyette Downgraded its Outperform to Mkt Perform on December 05, 2023, while the target price for the stock was maintained at $34.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 15 ’24 when HURD JEFFREY J sold 9,969 shares for $40.42 per share. The transaction valued at 402,945 led to the insider holds 131,093 shares of the business.

BERNSTEIN SETH P sold 152,473 shares of EQH for $5,802,650 on May 02 ’24. The insider now owns 88,660 shares after completing the transaction at $38.06 per share. On Apr 15 ’24, another insider, Pearson Mark, who serves as the President and CEO of the company, sold 30,000 shares for $36.24 each. As a result, the insider received 1,087,120 and left with 685,025 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, EQH now has a Market Capitalization of 13074848768 and an Enterprise Value of 11054830592. As of this moment, Equitable’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.45, and their Forward P/E ratio for the next fiscal year is 5.59. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.66. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.98 while its Price-to-Book (P/B) ratio in mrq is 28.02. Its current Enterprise Value per Revenue stands at 1.064 whereas that against EBITDA is 4.547.

Stock Price History:

Over the past 52 weeks, EQH has reached a high of $41.64, while it has fallen to a 52-week low of $24.65. The 50-Day Moving Average of the stock is 4.20%, while the 200-Day Moving Average is calculated to be 22.82%.

Shares Statistics:

According to the various share statistics, EQH traded on average about 2.68M shares per day over the past 3-months and 2930160 shares per day over the past 10 days. A total of 333.88M shares are outstanding, with a floating share count of 323.71M. Insiders hold about 0.47% of the company’s shares, while institutions hold 99.92% stake in the company. Shares short for EQH as of 1715731200 were 4177238 with a Short Ratio of 1.56, compared to 1713139200 on 4735747. Therefore, it implies a Short% of Shares Outstanding of 4177238 and a Short% of Float of 1.47.

Dividends & Splits

The forward annual dividend rate for EQH is 0.90, which was 0.9 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.022399202The stock’s 5-year Average Dividend Yield is 2.63.

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