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After finishing at $83.14 in the prior trading day, Edison International (NYSE: EIX) closed at $83.24, up 0.12%. In other words, the price has increased by $0.12 from its previous closing price. On the day, 2.45 million shares were traded. EIX stock price reached its highest trading level at $84.4 during the session, while it also had its lowest trading level at $81.8.
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.
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:
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 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 32187658240 and an Enterprise Value of 72445911040. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.43, and their Forward P/E ratio for the next fiscal year is 14.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.86 while its Price-to-Book (P/B) ratio in mrq is 2.30. Its current Enterprise Value per Revenue stands at 4.183 whereas that against EBITDA is 11.304.
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 $62.09. The 50-Day Moving Average of the stock is -2.58%, while the 200-Day Moving Average is calculated to be 10.35%.
Shares Statistics:
The stock has traded on average 1.94M shares per day over the past 3-months and 1936060 shares per day over the last 10 days, according to various share statistics. 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 91.21% stake in the company. Shares short for EIX as of 1728950400 were 5954680 with a Short Ratio of 3.08, compared to 1726185600 on 5581567. Therefore, it implies a Short% of Shares Outstanding of 5954680 and a Short% of Float of 1.9199998999999999.
Dividends & Splits
In the trailing 12 months, EIX’s forward annual dividend rate was 2.993, compared to 3.12 this year. Against a Trailing Annual Dividend Yield of 0.035999518The stock’s 5-year Average Dividend Yield is 4.24.
