PG&E Corp. (NYSE:PCG) shares, rose in value, with the stock price up by 1.45% to the previous day’s close as strong demand from buyers drove the stock to $16.81.
Actively observing the price movement in the last trading, the stock closed the session at $16.57. The value of beta (5-year monthly) was 1.29 whereas the PE ratio was 16.01 over 12-month period. Referring to stock’s 52-week performance, its high was $18.32, and the low was $14.71. On the whole, PCG has fluctuated by 1.94% over the past month.
With the market capitalization of PG&E Corp. currently standing at about $35.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 0.02, with its dividend yield at 0.12%. 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 $0.34, which is expected to increase to $0.37 for fiscal year $1.35 and then to about $1.47 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.80% in 2025, while the next year’s EPS growth is forecast to be 8.90%.
Analysts have estimated the company’s revenue for the quarter at $6.66 billion, with a low estimate of $6.19 billion and a high estimate of $6.99 billion. According to the average forecast, sales growth in current quarter could jump up 7.20%, 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 $25.56 billion, representing an increase of 4.60% 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 PCG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 1.57, with the price of PCG currently trading nearly 2.25% and 1.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.67, while the 7-day volatility ratio is showing 1.74% which for the 30-day chart, stands at 1.51%. Furthermore, PG&E Corp. (PCG)’s beta value is 1.28, and its average true range (ATR) is 0.29.
A comparison of PG&E Corp. (PCG) with its peers suggests the former has fared considerably weaker in the market. PCG showed an intraday change of 1.45% in last session, and over the past year, it grew by 4.22%%.
Data on historical trading for PG&E Corp. (NYSE:PCG) indicates that the trading volumes over the past 10 days have averaged 13.92 million and over the past 3 months, they’ve averaged 16.41 million. According to company’s latest data on outstanding shares, there are 2.13 billion shares outstanding.
Nearly 5.91% of PG&E Corp.’s shares belong to company insiders and institutional investors own 93.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 27.86 million shares as on Mar 15, 2024, resulting in a short ratio of 1.75. According to the data, the short interest in PG&E Corp. (PCG) stood at 1.07% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 29.94 million. The stock has fallen by -6.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PCG stock heading into the next quarter.
