A new trading day began on Friday, with NiSource Inc (NYSE: NI) stock price up 1.53% from the previous day of trading, before settling in for the closing price of $36.02. NI’s price has ranged from $24.80 to $36.47 over the past 52 weeks.
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Annual sales at Utilities sector company grew by 1.98% over the past five years. Meanwhile, its annual earnings per share averaged 8.40%. With a float of $465.65 million, this company’s outstanding shares have now reached $466.78 million.
Let’s look at the performance matrix of the company that is accounted for 7411 employees. In terms of profitability, gross margin is 53.25%, operating margin of 26.58%, and the pretax margin is 17.73%.
NiSource Inc (NI) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Utilities – Regulated Gas Industry. The insider ownership of NiSource Inc is 0.24%, while institutional ownership is 96.11%. The most recent insider transaction that took place on Aug 21 ’24, was worth 216,975. In this transaction EVP & CFO of this company sold 6,730 shares at a rate of $32.24, taking the stock ownership to the 165,281 shares. Before that another transaction happened on Aug 19 ’24, when Company’s EVP, Chief Op & Safety Officer sold 4,364 for $32.07, making the entire transaction worth $139,953. This insider now owns 33,129 shares in total.
NiSource Inc (NI) Performance Highlights and Predictions
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 0.53 per share, which was $0.1 higher 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 0.89 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 8.40% per share during the next fiscal year.
NiSource Inc (NYSE: NI) Trading Performance Indicators
Here are NiSource Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.65, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 1.86 in one year’s time.
Technical Analysis of NiSource Inc (NI)
NiSource Inc (NYSE: NI) saw its 5-day average volume 4.81 million, a positive change from its year-to-date volume of 4.06 million. As of the previous 9 days, the stock’s Stochastic %D was 88.45%. Additionally, its Average True Range was 0.59.
During the past 100 days, NiSource Inc’s (NI) raw stochastic average was set at 97.96%, which indicates a significant increase from 93.23% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.42% in the past 14 days, which was higher than the 14.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.67, while its 200-day Moving Average is $30.17. Nevertheless, the first resistance level for the watch stands at $36.87 in the near term. At $37.17, the stock is likely to face the second major resistance level. The third major resistance level sits at $37.59. If the price goes on to break the first support level at $36.14, it is likely to go to the next support level at $35.72. Assuming the price breaks the second support level, the third support level stands at $35.42.
NiSource Inc (NYSE: NI) Key Stats
With a market capitalization of 17.33 billion, the company has a total of 466,779K Shares Outstanding. Currently, annual sales are 5,505 M while annual income is 714,300 K. The company’s previous quarter sales were 1,076 M while its latest quarter income was 85,700 K.
