NRG Energy Inc. (NYSE:NRG) shares, rose in value, with the stock price down by -1.82% to the previous day’s close as strong demand from buyers drove the stock to $70.70.
Actively observing the price movement in the last trading, the stock closed the session at $72.01. The value of beta (5-year monthly) was 1.10. Referring to stock’s 52-week performance, its high was $73.02, and the low was $30.52. On the whole, NRG has fluctuated by 17.81% over the past month.
With the market capitalization of NRG Energy Inc. currently standing at about $14.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.54, with its dividend yield at 2.18%. 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 $0.41, which is expected to increase to $2.02 for fiscal year $5.76 and then to about $6.24 by fiscal year 2025. Data indicates that the EPS growth is expected to be 614.30% in 2025, while the next year’s EPS growth is forecast to be 8.30%.
Analysts have estimated the company’s revenue for the quarter at $7.64 billion, with a low estimate of $7.64 billion and a high estimate of $7.64 billion. According to the average forecast, sales growth in current quarter could jump down -1.00%, 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 $29.86 billion, representing an increase of 3.60% 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 NRG’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 0, with the price of NRG currently trading nearly 8.15% and 21.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 71.09, while the 7-day volatility ratio is showing 3.78% which for the 30-day chart, stands at 2.98%. Furthermore, NRG Energy Inc. (NRG)’s beta value is 1.13, and its average true range (ATR) is 2.01.
A comparison of NRG Energy Inc. (NRG) with its peers suggests the former has fared considerably weaker in the market. NRG showed an intraday change of -1.82% in last session, and over the past year, it grew by 108.74%%.
Data on historical trading for NRG Energy Inc. (NYSE:NRG) indicates that the trading volumes over the past 10 days have averaged 3.35 million and over the past 3 months, they’ve averaged 3.65 million. According to company’s latest data on outstanding shares, there are 208.13 million shares outstanding.
Nearly 2.20% of NRG Energy Inc.’s shares belong to company insiders and institutional investors own 104.49% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.27 million shares as on Mar 15, 2024, resulting in a short ratio of 3.43. According to the data, the short interest in NRG Energy Inc. (NRG) stood at 7.11% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.18 million. The stock has risen by 36.75% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NRG stock heading into the next quarter.
