New Jersey Resources Corporation (NYSE: NJR) On Tuesday, started off the session at the price of on Tuesday, remained unchanged from the previous trading day, before settling in for the closing price of $41.86. Within the past 52 weeks, NJR’s price has moved between $38.92 and $48.28.
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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. The company achieved an average annual earnings per share of 7.94%. 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 and Institutional Ownership
Observing investor behavior towards Utilities – Regulated Gas industry stocks is more important than anything else. The insider ownership of New Jersey Resources Corporation is 0.50%, while institutional ownership is 72.85%. The most recent insider transaction that took place on Jun 14 ’24, was worth 350,260. In this transaction Director of this company sold 8,300 shares at a rate of $42.20, taking the stock ownership to the 23,259 shares. Before that another transaction happened on Jun 13 ’24, when Company’s Director sold 0 for $42.44, making the entire transaction worth $7. This insider now owns 31,559 shares in total.
New Jersey Resources Corporation (NJR) Latest Financial update
As on 3/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.1 earnings per share (EPS) for the period topping the consensus outlook (set at -0.04) by 0.14. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.8 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.94% 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
New Jersey Resources Corporation (NJR) is currently performing well based on its current performance indicators. A quick ratio of 0.56 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.52, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach 2.86 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 7.80%. Additionally, its Average True Range was 0.75.
During the past 100 days, New Jersey Resources Corporation’s (NJR) raw stochastic average was set at 42.61%, which indicates a significant increase from 5.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.62% in the past 14 days, which was lower than the 19.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $43.27, while its 200-day Moving Average is $42.61. However, in the short run, New Jersey Resources Corporation’s stock first resistance to watch stands at $42.07. Second resistance stands at $42.28. The third major resistance level sits at $42.47. If the price goes on to break the first support level at $41.67, it is likely to go to the next support level at $41.49. The third support level lies at $41.28 if the price breaches the second support level.
New Jersey Resources Corporation (NYSE: NJR) Key Stats
Market capitalization of the company is 4.14 billion based on 98,822K outstanding shares. Right now, sales total 1,963 M and income totals 264,720 K. The company made 657,910 K in profit during its latest quarter, and 120,810 K in sales during its previous quarter.
