Last month’s performance of -2.30% for Edison International (EIX) is certainly impressive

On Monday, Edison International (NYSE: EIX) opened lower -1.76% from the last session, before settling in for the closing price of $86.18. Price fluctuations for EIX have ranged from $58.82 to $88.77 over the past 52 weeks.

A company in the Utilities sector has jumped its sales by 5.54% annually for the last half of the decade. Company’s average yearly earnings per share was noted 4.00% at the time writing. With a float of $385.73 million, this company’s outstanding shares have now reached $386.18 million.

In an organization with 14375 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 38.15%, operating margin of 14.43%, and the pretax margin is 7.04%.

Edison International (EIX) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Utilities – Regulated Electric industry is another important factor to consider. The insider ownership of Edison International is 0.12%, while institutional ownership is 90.82%. 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) Latest Financial update

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 1.38 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 1.46) by -0.08. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.17 per share during the current fiscal year.

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

Check out the current performance indicators for Edison International (EIX). In the past quarter, the stock posted a quick ratio of 0.96. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94.

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 5.62 in one year’s time.

Technical Analysis of Edison International (EIX)

Let’s dig in a bit further. During the last 5-days, its volume was 1.65 million. That was inferior than the volume of 2.01 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 29.53%. Additionally, its Average True Range was 1.33.

During the past 100 days, Edison International’s (EIX) raw stochastic average was set at 76.99%, which indicates a significant increase from 24.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.44% in the past 14 days, which was lower than the 16.31% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $84.51, while its 200-day Moving Average is $74.31. However, in the short run, Edison International’s stock first resistance to watch stands at $85.30. Second resistance stands at $85.94. The third major resistance level sits at $86.41. If the price goes on to break the first support level at $84.19, it is likely to go to the next support level at $83.72. The third support level lies at $83.08 if the price breaches the second support level.

Edison International (NYSE: EIX) Key Stats

There are currently 384,753K shares outstanding in the company with a market cap of 32.69 billion. Presently, the company’s annual sales total 16,338 M according to its annual income of 1,407 M. Last quarter, the company’s sales amounted to 4,336 M and its income totaled 460,000 K.