A new trading day began on Tuesday, with New Jersey Resources Corporation (NYSE: NJR) stock price up 1.29% from the previous day of trading, before settling in for the closing price of $44.02. NJR’s price has ranged from $38.92 to $50.72 over the past 52 weeks.
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A company in the Utilities sector has dropped its sales by -4.77% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 7.85%. With a float of $98.33 million, this company’s outstanding shares have now reached $98.82 million.
In an organization with 1350 employees, it is important to assess its efficiency.
New Jersey Resources Corporation (NJR) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Gas Industry. The insider ownership of New Jersey Resources Corporation is 0.50%, while institutional ownership is 72.83%. The most recent insider transaction that took place on May 23 ’24, was worth 856,424. In this transaction President & CEO of this company sold 20,000 shares at a rate of $42.82, taking the stock ownership to the 198,705 shares. Before that another transaction happened on Mar 12 ’24, when Company’s Senior VP and COO, NJNG sold 3,000 for $42.71, making the entire transaction worth $128,130. This insider now owns 38,886 shares in total.
New Jersey Resources Corporation (NJR) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 7.85% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 6.00% during the next five years compared to 0.51% growth over the previous five years of trading.
New Jersey Resources Corporation (NYSE: NJR) Trading Performance Indicators
Here are New Jersey Resources Corporation’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.60.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.52, a number that is poised to hit -0.03 in the next quarter and is forecasted to reach 2.84 in one year’s time.
Technical Analysis of New Jersey Resources Corporation (NJR)
Let’s dig in a bit further. During the last 5-days, its volume was 0.52 million. That was better than the volume of 0.5 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 78.71%. Additionally, its Average True Range was 0.81.
During the past 100 days, New Jersey Resources Corporation’s (NJR) raw stochastic average was set at 90.67%, which indicates a significant decrease from 95.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.58% in the past 14 days, which was higher than the 20.32% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.23, while its 200-day Moving Average is $42.60. However, in the short run, New Jersey Resources Corporation’s stock first resistance to watch stands at $44.97. Second resistance stands at $45.35. The third major resistance level sits at $45.98. If the price goes on to break the first support level at $43.96, it is likely to go to the next support level at $43.33. Assuming the price breaks the second support level, the third support level stands at $42.95.
New Jersey Resources Corporation (NYSE: NJR) Key Stats
With a market capitalization of 4.41 billion, the company has a total of 98,822K Shares Outstanding. Currently, annual sales are 1,963 M while annual income is 264,720 K. The company’s previous quarter sales were 657,910 K while its latest quarter income was 120,810 K.
