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After finishing at $71.53 in the prior trading day, Edison International (NYSE: EIX) closed at $72.39, up 1.20%. In other words, the price has increased by $1.20 from its previous closing price. On the day, 1.04 million shares were traded. EIX stock price reached its highest trading level at $72.47 during the session, while it also had its lowest trading level at $71.54.
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 0.93 and its Current Ratio is at 1.00. In the meantime, Its Debt-to-Equity ratio is 2.42 whereas as Long-Term Debt/Eq ratio is at 2.22.
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 this company, Goldman on April 10, 2024, initiated with a Neutral rating and assigned the stock a target price of $78.
On January 22, 2024, Guggenheim Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $84.
Evercore ISI Upgraded its In-line to Outperform on October 23, 2023, whereas the target price for the stock was revised from $74 to $68.
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 Jun 05 ’24 when Choi Caroline sold 10,004 shares for $75.77 per share. The transaction valued at 757,996 led to the insider holds 26,918 shares of the business.
Murphy J Andrew sold 45,012 shares of EIX for $3,382,274 on May 14 ’24. The PRESIDENT & CEO, EDISON ENERGY now owns 19,660 shares after completing the transaction at $75.14 per share. On May 13 ’24, another insider, Murphy J Andrew, who serves as the PRESIDENT & CEO, EDISON ENERGY of the company, sold 9,794 shares for $75.07 each. As a result, the insider received 735,277 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 27852269568 and an Enterprise Value of 67610275840. As of this moment, Edison’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.81, and their Forward P/E ratio for the next fiscal year is 12.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.69 while its Price-to-Book (P/B) ratio in mrq is 2.06. Its current Enterprise Value per Revenue stands at 4.11 whereas that against EBITDA is 11.042.
Stock Price History:
The Beta on a monthly basis for EIX is 0.92, which has changed by 0.020295978 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, EIX has reached a high of $77.04, while it has fallen to a 52-week low of $58.82. The 50-Day Moving Average of the stock is -1.47%, while the 200-Day Moving Average is calculated to be 5.15%.
Shares Statistics:
The stock has traded on average 1.81M shares per day over the past 3-months and 1674410 shares per day over the last 10 days, according to various share statistics. A total of 384.75M shares are outstanding, with a floating share count of 384.31M. Insiders hold about 0.11% of the company’s shares, while institutions hold 92.20% stake in the company. Shares short for EIX as of 1718323200 were 7077353 with a Short Ratio of 3.91, compared to 1715731200 on 4870965. Therefore, it implies a Short% of Shares Outstanding of 7077353 and a Short% of Float of 2.29.
Dividends & Splits
In the trailing 12 months, EIX’s forward annual dividend rate was 3.035, compared to 3.08 this year. Against a Trailing Annual Dividend Yield of 0.042429753The stock’s 5-year Average Dividend Yield is 4.23. The current Payout Ratio is 96.17% for EIX, which recently paid a dividend on 2024-07-08 with an ex-dividend date of 1720396800. Stock splits for the company last occurred on 1993-06-22 when the company split stock in a 2:1 ratio.
