Equitable Holdings Inc (NYSE:EQH) shares, rose in value, with the stock price up by 0.53% to the previous day’s close as strong demand from buyers drove the stock to $37.79.
Actively observing the price movement in the last trading, the stock closed the session at $37.59. The value of beta (5-year monthly) was 1.41 whereas the PE ratio was 11.19 over 12-month period. Referring to stock’s 52-week performance, its high was $38.44, and the low was $21.89. On the whole, EQH has fluctuated by 13.83% over the past month.
With the market capitalization of Equitable Holdings Inc currently standing at about $12.46 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 2.33%. 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 $1.36, which is expected to increase to $1.51 for fiscal year $6.01 and then to about $7.13 by fiscal year 2025. Data indicates that the EPS growth is expected to be 30.90% in 2025, while the next year’s EPS growth is forecast to be 18.60%.
Analysts have estimated the company’s revenue for the quarter at $3.73 billion, with a low estimate of $3.55 billion and a high estimate of $3.95 billion. According to the average forecast, sales growth in current quarter could jump up 58.20%, 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 $15.32 billion, representing an increase of 45.50% 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 EQH’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 0.59, with the price of EQH currently trading nearly 4.47% and 9.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.58, while the 7-day volatility ratio is showing 1.72% which for the 30-day chart, stands at 1.77%. Furthermore, Equitable Holdings Inc (EQH)’s beta value is 1.40, and its average true range (ATR) is 0.66.
A comparison of Equitable Holdings Inc (EQH) with its peers suggests the former has fared considerably weaker in the market. EQH showed an intraday change of 0.53% in last session, and over the past year, it grew by 54.18%%.
Data on historical trading for Equitable Holdings Inc (NYSE:EQH) indicates that the trading volumes over the past 10 days have averaged 2.02 million and over the past 3 months, they’ve averaged 2.65 million. According to company’s latest data on outstanding shares, there are 333.88 million shares outstanding.
Nearly 0.48% of Equitable Holdings Inc’s shares belong to company insiders and institutional investors own 103.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.62 million shares as on Mar 15, 2024, resulting in a short ratio of 1.23. According to the data, the short interest in Equitable Holdings Inc (EQH) stood at 1.10% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.72 million. The stock has risen by 13.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQH stock heading into the next quarter.
