Evergy Inc (EVRG) volume exceeds 1.71 million: A new investment opportunity for investors

Evergy Inc (NASDAQ: EVRG) on Friday, soared 0.56% from the previous trading day, before settling in for the closing price of $60.78. Within the past 52 weeks, EVRG’s price has moved between $47.46 and $62.58.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Utilities sector was 5.61%. The company achieved an average annual earnings per share of 8.39%. With a float of $226.28 million, this company’s outstanding shares have now reached $229.73 million.

Considering the fact that the conglomerate employs 4658 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 40.23%, operating margin of 22.85%, and the pretax margin is 13.32%.

Evergy Inc (EVRG) Breakdown of a Key Holders of the stock

Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Evergy Inc is 1.60%, while institutional ownership is 84.50%. The most recent insider transaction that took place on Sep 03 ’24, was worth 550,753. In this transaction SVP – PA & CHIEF CO of this company sold 9,236 shares at a rate of $59.63, taking the stock ownership to the 33,425 shares. Before that another transaction happened on Sep 03 ’24, when Company’s Officer proposed sale 9,236 for $59.58, making the entire transaction worth $550,269.

Evergy Inc (EVRG) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 8.39% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.40% during the next five years compared to 4.86% growth over the previous five years of trading.

Evergy Inc (NASDAQ: EVRG) Trading Performance Indicators

Evergy Inc (EVRG) is currently performing well based on its current performance indicators. A quick ratio of 0.35 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 2.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.21, a number that is poised to hit 1.94 in the next quarter and is forecasted to reach 4.06 in one year’s time.

Technical Analysis of Evergy Inc (EVRG)

Compared to the last year’s volume of 2.09 million, its volume of 1.37 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 85.92%. Additionally, its Average True Range was 0.82.

During the past 100 days, Evergy Inc’s (EVRG) raw stochastic average was set at 86.11%, which indicates a significant increase from 68.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.44% in the past 14 days, which was lower than the 14.25% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $60.10, while its 200-day Moving Average is $54.65. Nevertheless, the first resistance level for the watch stands at $61.64 in the near term. At $62.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $62.79. If the price goes on to break the first support level at $60.49, it is likely to go to the next support level at $59.87. Now, if the price goes above the second support level, the third support stands at $59.34.

Evergy Inc (NASDAQ: EVRG) Key Stats

Market capitalization of the company is 14.06 billion based on 229,929K outstanding shares. Right now, sales total 5,508 M and income totals 731,300 K. The company made 1,448 M in profit during its latest quarter, and 207,000 K in sales during its previous quarter.