Evergy Inc (NASDAQ: EVRG) on Tuesday, plunged -1.74% from the previous trading day, before settling in for the closing price of $60.97. Within the past 52 weeks, EVRG’s price has moved between $47.97 and $62.58.
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Annual sales at Utilities sector company grew by 5.61% over the past five years. The company achieved an average annual earnings per share of 8.47%. With a float of $225.97 million, this company’s outstanding shares have now reached $229.73 million.
Let’s look at the performance matrix of the company that is accounted for 4658 employees. In terms of profitability, gross margin is 40.23%, operating margin of 22.85%, and the pretax margin is 13.32%.
Evergy Inc (EVRG) Insider Updates
Observing investor behavior towards Utilities – Regulated Electric industry stocks is more important than anything else. The insider ownership of Evergy Inc is 1.74%, while institutional ownership is 84.80%. 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) Performance Highlights and Predictions
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.88 earnings per share (EPS) for the period topping the consensus outlook (set at 1.84) by 0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.47% 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 2.44.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.21, a number that is poised to hit 1.96 in the next quarter and is forecasted to reach 4.04 in one year’s time.
Technical Analysis of Evergy Inc (EVRG)
Evergy Inc (NASDAQ: EVRG) saw its 5-day average volume 1.17 million, a negative change from its year-to-date volume of 2.06 million. As of the previous 9 days, the stock’s Stochastic %D was 26.48%. Additionally, its Average True Range was 0.82.
During the past 100 days, Evergy Inc’s (EVRG) raw stochastic average was set at 74.56%, which indicates a significant increase from 29.31% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.16% in the past 14 days, which was higher than the 13.67% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $60.43, while its 200-day Moving Average is $54.90. Nevertheless, the first resistance level for the watch stands at $60.40 in the near term. At $60.89, the stock is likely to face the second major resistance level. The third major resistance level sits at $61.19. If the price goes on to break the first support level at $59.61, it is likely to go to the next support level at $59.31. Assuming the price breaks the second support level, the third support level stands at $58.82.
Evergy Inc (NASDAQ: EVRG) Key Stats
Market capitalization of the company is 13.78 billion based on 229,958K 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.
