CMS Energy Corporation (NYSE:CMS) shares, rose in value, with the stock price down by -0.08% to the previous day’s close as strong demand from buyers drove the stock to $59.27.
Actively observing the price movement in the last trading, the stock closed the session at $59.32. The value of beta (5-year monthly) was 0.37 whereas the PE ratio was 19.76 over 12-month period. Referring to stock’s 52-week performance, its high was $63.76, and the low was $49.87. On the whole, CMS has fluctuated by -0.05% over the past month.
With the market capitalization of CMS Energy Corporation currently standing at about $17.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 1.98, with its dividend yield at 3.34%. 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 $1.12, which is expected to increase to $0.78 for fiscal year $3.34 and then to about $3.6 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.40% in 2025, while the next year’s EPS growth is forecast to be 7.80%.
Analysts have estimated the company’s revenue for the quarter at $2.38 billion, with a low estimate of $2.1 billion and a high estimate of $2.62 billion. According to the average forecast, sales growth in current quarter could jump up 4.20%, 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 $8.17 billion, representing an increase of 9.50% 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 CMS’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.53, with the price of CMS currently trading nearly 0.02% and 2.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.99, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 1.55%. Furthermore, CMS Energy Corporation (CMS)’s beta value is 0.38, and its average true range (ATR) is 0.96.
A comparison of CMS Energy Corporation (CMS) with its peers suggests the former has fared considerably weaker in the market. CMS showed an intraday change of -0.08% in last session, and over the past year, it shrunk by -2.90%%.
Data on historical trading for CMS Energy Corporation (NYSE:CMS) indicates that the trading volumes over the past 10 days have averaged 2.43 million and over the past 3 months, they’ve averaged 2.47 million. According to company’s latest data on outstanding shares, there are 298.62 million shares outstanding.
Nearly 0.60% of CMS Energy Corporation’s shares belong to company insiders and institutional investors own 95.24% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.65 million shares as on Mar 15, 2024, resulting in a short ratio of 4.27. According to the data, the short interest in CMS Energy Corporation (CMS) stood at 3.90% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.55 million. The stock has risen by 2.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CMS stock heading into the next quarter.
