Sempra (NYSE:SRE) shares, rose in value, with the stock price down by -0.18% to the previous day’s close as strong demand from buyers drove the stock to $70.84.
Actively observing the price movement in the last trading, the stock closed the session at $70.97. The value of beta (5-year monthly) was 0.71 whereas the PE ratio was 14.79 over 12-month period. Referring to stock’s 52-week performance, its high was $79.51, and the low was $63.75. On the whole, SRE has fluctuated by 0.90% over the past month.
With the market capitalization of Sempra currently standing at about $44.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 3.00, with its dividend yield at 4.23%. 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 $1.47, which is expected to increase to $1.06 for fiscal year $4.8 and then to about $5.17 by fiscal year 2025. Data indicates that the EPS growth is expected to be 4.10% in 2025, while the next year’s EPS growth is forecast to be 7.70%.
Analysts have estimated the company’s revenue for the quarter at $6.22 billion, with a low estimate of $5.82 billion and a high estimate of $6.5 billion. According to the average forecast, sales growth in current quarter could jump down -5.20%, 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 $16.55 billion, representing a decrease of -1.00% 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 SRE’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.51, with the price of SRE currently trading nearly 0.19% and 0.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.16, while the 7-day volatility ratio is showing 1.51% which for the 30-day chart, stands at 1.65%. Furthermore, Sempra (SRE)’s beta value is 0.71, and its average true range (ATR) is 1.19.
A comparison of Sempra (SRE) with its peers suggests the former has fared considerably weaker in the market. SRE showed an intraday change of -0.18% in last session, and over the past year, it shrunk by -5.28%%.
Data on historical trading for Sempra (NYSE:SRE) indicates that the trading volumes over the past 10 days have averaged 2.73 million and over the past 3 months, they’ve averaged 2.90 million. According to company’s latest data on outstanding shares, there are 632.15 million shares outstanding.
Nearly 0.04% of Sempra’s shares belong to company insiders and institutional investors own 91.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.34 million shares as on Mar 15, 2024, resulting in a short ratio of 3.8. According to the data, the short interest in Sempra (SRE) stood at 1.95% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 12.67 million. The stock has fallen by -5.21% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRE stock heading into the next quarter.
