NiSource Inc. (NYSE: NI) kicked off on May 19, 2023, at the price of $27.49. During the day, the shares moved up to $27.655 and dropped to $27.26 before settling in for the closing price of $27.36. Over the past 52 weeks, NI has traded in a range of $23.78-$32.08.
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A company in the Utilities sector has jumped its sales by 3.70% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 33.20%. With a float of $404.59 million, this company’s outstanding shares have now reached $412.80 million.
In an organization with 7117 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +49.90, operating margin of +19.85, and the pretax margin is +16.35.
NiSource Inc. (NI) Insider Updates
Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Gas Industry. The insider ownership of NiSource Inc. is 0.28%, while institutional ownership is 94.60%. The most recent insider transaction that took place on May 08, was worth 318,421. In this transaction SVP, GC & Corp Sec of this company sold 11,157 shares at a rate of $28.54, taking the stock ownership to the 20,329 shares. Before that another transaction happened on Mar 15, when Company’s SVP & CHRO sold 4,824 for $27.89, making the entire transaction worth $134,556. This insider now owns 13,933 shares in total.
NiSource Inc. (NI) Performance Highlights and Predictions
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.77 earnings per share (EPS), higher than consensus estimate (set at $0.75) by $0.02. This company achieved a net margin of +13.74 while generating a return on equity of 11.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 33.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.70% during the next five years compared to 14.10% growth over the previous five years of trading.
NiSource Inc. (NYSE: NI) Trading Performance Indicators
Take a look at NiSource Inc.’s (NI) current performance indicators. Last quarter, stock had a quick ratio of 0.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.47, a number that is poised to hit 0.15 in the next quarter and is forecasted to reach 1.69 in one year’s time.
Technical Analysis of NiSource Inc. (NI)
Let’s dig in a bit further. During the last 5-days, its volume was 3.86 million. That was better than the volume of 3.8 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.21%. Additionally, its Average True Range was 0.51.
During the past 100 days, NiSource Inc.’s (NI) raw stochastic average was set at 47.52%, which indicates a significant increase from 15.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.53% in the past 14 days, which was lower than the 20.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $27.96, while its 200-day Moving Average is $27.65. However, in the short run, NiSource Inc.’s stock first resistance to watch stands at $27.59. Second resistance stands at $27.82. The third major resistance level sits at $27.99. If the price goes on to break the first support level at $27.19, it is likely to go to the next support level at $27.03. Assuming the price breaks the second support level, the third support level stands at $26.80.
NiSource Inc. (NYSE: NI) Key Stats
The company with the Market Capitalisation of 11.30 billion has total of 413,063K Shares Outstanding. Its annual sales at the moment are 5,851 M in contrast with the sum of 804,100 K annual income. Company’s last quarter sales were recorded 1,966 M and last quarter income was 333,000 K.
