Edison International (EIX) plunge -0.52% in a week: will this be a lucky break through?

Edison International (NYSE: EIX) started the day on Thursday, with a price decrease of -1.29% at $84.19, before settling in for the price of $85.29 at the close. Taking a more long-term approach, EIX posted a 52-week range of $58.82-$88.77.

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The Utilities Sector giants’ yearly sales growth during the last 5-year period was 5.54%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 3.99%. This publicly-traded company’s shares outstanding now amounts to $386.18 million, simultaneously with a float of $385.73 million. The organization now has a market capitalization sitting at $32.51 billion. At the time of writing, stock’s 50-day Moving Average stood at $81.85, while the 200-day Moving Average is $73.24.

Edison International (EIX) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Utilities – Regulated Electric Industry. Edison International’s current insider ownership accounts for 0.12%, in contrast to 90.84% institutional ownership. According to the most recent insider trade that took place on Aug 26 ’24, this organization’s PRESIDENT & CEO, EDISON ENERGY sold 23,896 shares at the rate of 85.45, making the entire transaction reach 2,041,856 in total value, affecting insider ownership by 19,850. Preceding that transaction, on Aug 23 ’24, Company’s PRESIDENT & CEO, EDISON ENERGY sold 1,362 for 85.00, making the whole transaction’s value amount to 115,770. This particular insider is now the holder of 19,850 in total.

Edison International (EIX) Earnings and Revenue Records

Edison International’s EPS increase for this current 12-month fiscal period is 3.99% and is forecasted to reach 5.61 in the upcoming year.

Edison International (NYSE: EIX) Trading Performance Indicators

Let’s observe the current performance indicators for Edison International (EIX). It’s Quick Ratio in the last reported quarter now stands at 0.96. The Stock has managed to achieve an average true range (ATR) of 1.33. Alongside those numbers, its PE Ratio stands at $33.85, and its Beta score is 0.92. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.93.

In the same vein, EIX’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 2.49, a figure that is expected to reach 1.44 in the next quarter, and analysts are predicting that it will be 5.61 at the market close of one year from today.

Technical Analysis of Edison International (EIX)

If we take a close look at the recent performances of Edison International (NYSE: EIX), its last 5-days Average volume was 1.71 million that shows plunge from its year to date volume of 2.01 million. During the previous 9 days, stock’s Stochastic %D was recorded 42.30% While, its Average True Range was 1.31.

Raw Stochastic average of Edison International (EIX) in the period of the previous 100 days is set at 76.46%, which indicates a major rise in contrast to 19.93% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 13.09% that was lower than 16.13% volatility it exhibited in the past 100-days period.