NiSource Inc (NYSE:NI) shares, rose in value on Friday, March 15, with the stock price up by 0.78% to the previous day’s close as strong demand from buyers drove the stock to $26.57.
Actively observing the price movement in the recent trading, the stock is buoying the session at $26.36. The value of beta (5-year monthly) is 0.48 whereas the PE ratio is 17.98 over 12-month period. Referring to stock’s 52-week performance, its high was $28.95, and the low was $22.86. On the whole, NI has fluctuated by 4.67% over the past month.
With the market capitalization of NiSource Inc currently standing at about $11.89 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.02, with its dividend yield at 3.82%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.84, which is expected to increase to $0.2 for fiscal year $1.72 and then to about $1.86 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.50% in 2025, while the next year’s EPS growth is forecast to be 8.10%.
Analysts have estimated the company’s revenue for the quarter at $1.92 billion, with a low estimate of $1.92 billion and a high estimate of $1.92 billion. According to the average forecast, sales growth in current quarter could jump up 3.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $6.29 billion, representing an increase of 14.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.46, with the price of NI currently trading nearly 0.81% and 1.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.32, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.69%. Furthermore, NiSource Inc (NI)’s beta value is 0.48, and its average true range (ATR) is 0.45.
A comparison of NiSource Inc (NI) with its peers suggests the former has fared considerably weaker in the market. NI showed an intraday change of 0.78% in today’s session so far, and over the past year, it shrunk by -4.61%%.
Data on historical trading for NiSource Inc (NYSE:NI) indicates that the trading volumes over the past 10 days have averaged 4.75 million and over the past 3 months, they’ve averaged 4.36 million. According to company’s latest data on outstanding shares, there are 447.38 million shares outstanding.
Nearly 0.59% of NiSource Inc’s shares belong to company insiders and institutional investors own 92.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.65 million shares as on Feb 29, 2024, resulting in a short ratio of 1.18. According to the data, the short interest in NiSource Inc (NI) stood at 1.26% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 5.03 million. The stock has risen by 0.06% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NI stock heading into the next quarter.
