Evergy Inc (NASDAQ:EVRG) shares, rose in value, with the stock price down by -0.91% to the previous day’s close as strong demand from buyers drove the stock to $52.20.
Actively observing the price movement in the last trading, the stock closed the session at $52.68. The value of beta (5-year monthly) was 0.56 whereas the PE ratio was 16.43 over 12-month period. Referring to stock’s 52-week performance, its high was $63.93, and the low was $46.92. On the whole, EVRG has fluctuated by 3.00% over the past month.
With the market capitalization of Evergy Inc currently standing at about $11.99 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. The company’s Forward Dividend Ratio is 2.51, with its dividend yield at 4.81%. 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 $0.74, which is expected to increase to $1.08 for fiscal year $3.83 and then to about $4.04 by fiscal year 2025. Data indicates that the EPS growth is expected to be 8.20% in 2025, while the next year’s EPS growth is forecast to be 5.50%.
Analysts have estimated the company’s revenue for the quarter at $1.35 billion, with a low estimate of $1.35 billion and a high estimate of $1.35 billion. According to the average forecast, sales growth in current quarter could jump up 4.10%, 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 $5.91 billion, representing an increase of 7.30% 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 EVRG’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% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 6.57, with the price of EVRG currently trading nearly 0.46% and 2.83% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.07, while the 7-day volatility ratio is showing 1.28% which for the 30-day chart, stands at 1.60%. Furthermore, Evergy Inc (EVRG)’s beta value is 0.57, and its average true range (ATR) is 0.86.
A comparison of Evergy Inc (EVRG) with its peers suggests the former has fared considerably weaker in the market. EVRG showed an intraday change of -0.91% in last session, and over the past year, it shrunk by -14.03%%.
Data on historical trading for Evergy Inc (NASDAQ:EVRG) indicates that the trading volumes over the past 10 days have averaged 1.96 million and over the past 3 months, they’ve averaged 2.71 million. According to company’s latest data on outstanding shares, there are 229.73 million shares outstanding.
Nearly 1.64% of Evergy Inc’s shares belong to company insiders and institutional investors own 86.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.48 million shares as on Mar 15, 2024, resulting in a short ratio of 2.74. According to the data, the short interest in Evergy Inc (EVRG) stood at 3.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.28 million. This could raise investors’ confidence to be optimistic about the EVRG stock heading into the next quarter.
