A new trading day began on Friday, with Edison International (NYSE: EIX) stock price up 0.93% from the previous day of trading, before settling in for the closing price of $84.64. EIX’s price has ranged from $61.64 to $88.77 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 5.54%. Meanwhile, its annual earnings per share averaged 3.86%. With a float of $385.73 million, this company’s outstanding shares have now reached $386.18 million.
Considering the fact that the conglomerate employs 14375 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 38.15%, operating margin of 14.43%, and the pretax margin is 7.04%.
Edison International (EIX) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Electric Industry. The insider ownership of Edison International is 0.12%, while institutional ownership is 90.91%. 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) Recent Fiscal highlights
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.38 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.86% per share during the next fiscal year.
Edison International (NYSE: EIX) Trading Performance Indicators
Here are Edison International’s current performance indicators. According to the last quarter’s results, the 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 1.96.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 1.41 in the next quarter and is forecasted to reach 5.61 in one year’s time.
Technical Analysis of Edison International (EIX)
Compared to the last year’s volume of 2.0 million, its volume of 1.85 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 71.61%. Additionally, its Average True Range was 1.33.
During the past 100 days, Edison International’s (EIX) raw stochastic average was set at 81.30%, which indicates a significant increase from 48.34% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.13% in the past 14 days, which was lower than the 16.38% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.20, while its 200-day Moving Average is $74.93. Nevertheless, the first resistance level for the watch stands at $85.92 in the near term. At $86.40, the stock is likely to face the second major resistance level. The third major resistance level sits at $87.30. If the price goes on to break the first support level at $84.53, it is likely to go to the next support level at $83.63. Now, if the price goes above the second support level, the third support stands at $83.14.
Edison International (NYSE: EIX) Key Stats
With a market capitalization of 32.99 billion, the company has a total of 384,753K Shares Outstanding. Currently, annual sales are 16,338 M while annual income is 1,407 M. The company’s previous quarter sales were 4,336 M while its latest quarter income was 460,000 K.
