On Monday, NiSource Inc (NYSE: NI) opened lower -0.60% from the last session, before settling in for the closing price of $28.17. Price fluctuations for NI have ranged from $22.86 to $29.44 over the past 52 weeks.
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A company in the Utilities sector has jumped its sales by 1.98% annually for the last half of the decade. Company’s average yearly earnings per share was noted 7.56% at the time writing. With a float of $446.59 million, this company’s outstanding shares have now reached $447.38 million.
In an organization with 7411 employees, it is important to assess its efficiency.
NiSource Inc (NI) Insider Updates
A key investor’s attitude towards the stock of the Utilities – Regulated Gas industry is another important factor to consider. The insider ownership of NiSource Inc is 0.38%, while institutional ownership is 95.20%. The most recent insider transaction that took place on May 30 ’24, was worth 104,638. In this transaction CHRO & SVP Administration of this company sold 3,742 shares at a rate of $27.96, taking the stock ownership to the 19,978 shares. Before that another transaction happened on Mar 15 ’24, when Company’s VP & Chief Accounting Officer sold 950 for $26.46, making the entire transaction worth $25,133. This insider now owns 28,526 shares in total.
NiSource Inc (NI) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 3/31/2024, the company posted 0.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.11) by 0. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.2 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.56% per share during the next fiscal year.
NiSource Inc (NYSE: NI) Trading Performance Indicators
Check out the current performance indicators for NiSource Inc (NI). In the past quarter, the stock posted a quick ratio of 0.56. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.53, a number that is poised to hit 0.14 in the next quarter and is forecasted to reach 1.85 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 3.54 million. That was inferior than the volume of 4.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 19.57%. Additionally, its Average True Range was 0.45.
During the past 100 days, NiSource Inc’s (NI) raw stochastic average was set at 69.00%, which indicates a significant increase from 24.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.21% in the past 14 days, which was higher than the 16.20% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.22, while its 200-day Moving Average is $26.65. However, in the short run, NiSource Inc’s stock first resistance to watch stands at $28.18. Second resistance stands at $28.36. The third major resistance level sits at $28.52. If the price goes on to break the first support level at $27.84, it is likely to go to the next support level at $27.68. Assuming the price breaks the second support level, the third support level stands at $27.50.
NiSource Inc (NYSE: NI) Key Stats
There are currently 448,305K shares outstanding in the company with a market cap of 12.55 billion. Presently, the company’s annual sales total 5,505 M according to its annual income of 714,300 K. Last quarter, the company’s sales amounted to 1,706 M and its income totaled 365,000 K.
