Can Edison International’s (EIX) drop of -3.31% in a week be considered a lucky break?

On Friday, Edison International (NYSE: EIX) was -1.54% drop from the session before settling in for the closing price of $82.40. A 52-week range for EIX has been $62.21 – $88.77.

A company in the Utilities sector has jumped its sales by 5.54% annually for the last half of the decade. When this article was written, the company’s average yearly earnings per share was at 3.76%. With a float of $386.70 million, this company’s outstanding shares have now reached $387.15 million.

In an organization with 14375 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 37.5%, operating margin of 16.92%, and the pretax margin is 9.47%.

Edison International (EIX) Insider and Institutional Ownership

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Edison International stocks. The insider ownership of Edison International is 0.12%, while institutional ownership is 90.99%. 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

Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted 1.28 earnings per share (EPS) during the time that was better than consensus figure (set at 1.16) by 0.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.31 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 3.76% per share during the next fiscal year.

Edison International (NYSE: EIX) Trading Performance Indicators

You can see what Edison International (EIX) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.41, a number that is poised to hit 1.12 in the next quarter and is forecasted to reach 5.64 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 2.36 million. That was better than the volume of 2.0 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 15.37%. Additionally, its Average True Range was 1.53.

During the past 100 days, Edison International’s (EIX) raw stochastic average was set at 57.23%, which indicates a significant increase from 1.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.54% in the past 14 days, which was higher than the 16.17% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $85.35, while its 200-day Moving Average is $75.56. However, in the short run, Edison International’s stock first resistance to watch stands at $82.29. Second resistance stands at $83.45. The third major resistance level sits at $84.07. If the price goes on to break the first support level at $80.50, it is likely to go to the next support level at $79.88. The third support level lies at $78.72 if the price breaches the second support level.

Edison International (NYSE: EIX) Key Stats

There are 387,150K outstanding shares of the company, which has a market capitalization of 30.93 billion. As of now, sales total 16,338 M while income totals 1,407 M. Its latest quarter income was 4,336 M while its last quarter net income were 460,000 K.