Edison International (NYSE: EIX) kicked off on Friday, down -2.00% from the previous trading day, before settling in for the closing price of $85.62. Over the past 52 weeks, EIX has traded in a range of $61.64-$88.77.
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During the last 5-year period, the sales growth of Utilities Sector giant was 5.54%. While this was happening, its average annual earnings per share was recorded 3.86%. With a float of $385.73 million, this company’s outstanding shares have now reached $386.18 million.
Let’s determine the extent of company efficiency that accounts for 14375 employees. 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
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 90.90%. 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 the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 1.38 earnings per share (EPS), lower than consensus estimate (set at 1.46) by -0.08. 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
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 1.93.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.49, a number that is poised to hit 1.38 in the next quarter and is forecasted to reach 5.61 in one year’s time.
Technical Analysis of Edison International (EIX)
Looking closely at Edison International (NYSE: EIX), its last 5-days average volume was 1.79 million, which is a drop from its year-to-date volume of 1.99 million. As of the previous 9 days, the stock’s Stochastic %D was 54.97%. Additionally, its Average True Range was 1.40.
During the past 100 days, Edison International’s (EIX) raw stochastic average was set at 72.80%, which indicates a significant increase from 27.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.49% in the past 14 days, which was higher than the 16.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $85.45, while its 200-day Moving Average is $75.24. However, in the short run, Edison International’s stock first resistance to watch stands at $85.61. Second resistance stands at $87.31. The third major resistance level sits at $88.22. If the price goes on to break the first support level at $83.00, it is likely to go to the next support level at $82.09. Now, if the price goes above the second support level, the third support stands at $80.39.
Edison International (NYSE: EIX) Key Stats
The company with the Market Capitalisation of 32.40 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.
