22.33% percent quarterly performance for Edison International (EIX) is not indicative of the underlying story

Edison International (NYSE: EIX) kicked off on Monday, up 0.32% from the previous trading day, before settling in for the closing price of $86.81. Over the past 52 weeks, EIX has traded in a range of $58.82-$88.77.

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Utilities Sector giant saw their annual sales surged by 5.54% over the last five years. While this was happening, its average annual earnings per share was recorded 4.00%. With a float of $385.73 million, this company’s outstanding shares have now reached $386.18 million.

The firm has a total of 14375 workers. Let’s measure their productivity.

Edison International (EIX) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Edison International is 0.12%, while institutional ownership is 90.84%. The most recent insider transaction that took place on Aug 26 ’24, was worth 2,041,856. In this transaction PRESIDENT & CEO, EDISON ENERGY of this company sold 23,896 shares at a rate of $85.45, taking the stock ownership to the 19,850 shares. Before that another transaction happened on Aug 23 ’24, when Company’s PRESIDENT & CEO, EDISON ENERGY sold 1,362 for $85.00, making the entire transaction worth $115,770. This insider now owns 19,850 shares in total.

Edison International (EIX) Earnings and Forecasts

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According to the Wall Street analysts, stocks earnings will be around 4.00% per share during the next fiscal year.

Edison International (NYSE: EIX) Trading Performance Indicators

Take a look at Edison International’s (EIX) current performance indicators. Last quarter, stock had a quick ratio of 0.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.00.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 1.44 in the next quarter and is forecasted to reach 5.61 in one year’s time.

Technical Analysis of Edison International (EIX)

Analysing the last 5-days average volume posted by the [Edison International, EIX], we can find that recorded value of 1.97 million was lower than the volume posted last year of 2.01 million. As of the previous 9 days, the stock’s Stochastic %D was 90.06%. Additionally, its Average True Range was 1.30.

During the past 100 days, Edison International’s (EIX) raw stochastic average was set at 90.60%, which indicates a significant decrease from 97.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.29% in the past 14 days, which was lower than the 16.01% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $83.48, while its 200-day Moving Average is $73.90. Now, the first resistance to watch is $87.52. This is followed by the second major resistance level at $87.95. The third major resistance level sits at $88.71. If the price goes on to break the first support level at $86.33, it is likely to go to the next support level at $85.57. Should the price break the second support level, the third support level stands at $85.14.

Edison International (NYSE: EIX) Key Stats

The company with the Market Capitalisation of 33.63 billion has total of 384,753K Shares Outstanding. Its annual sales at the moment are 16,338 M in contrast with the sum of 1,407 M annual income. Company’s last quarter sales were recorded 4,336 M and last quarter income was 460,000 K.