Consolidated Edison, Inc. (NYSE:ED) price is hovering higher on Wednesday, April 17, jumping 0.93% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $87.42. The company’s P/E ratio in the trailing 12-month period read 12.29. Taking into account the 52-week price action we note that the stock hit a 52-week high of $100.92 and 52-week low of $80.46. The stock subtracted -0.85% on its value in the past month.
Consolidated Edison, Inc., which has a market valuation of $30.48 billion. The company stock has a Forward Dividend ratio of 3.26, while the dividend yield is 3.69%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ED a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.17. The overview shows that ED’s price is at present -1.31% off the SMA20 and -0.73% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.23, with weekly volatility standing at 1.66%. The indicator jumps to 1.44% when calculated based on the past 30 days. Consolidated Edison, Inc. (NYSE:ED)’s beta value is holding at 0.36, while the average true range (ATR) indicator is currently reading 1.45.
An analysis of the Consolidated Edison, Inc. (NYSE:ED) stock in terms of its daily trading volume indicates that the 3-month average is 1.77 million.
Current records show that the company has 345.00M in outstanding shares. The insiders’ percentage holdings are 0.17% of outstanding shares while the percentage share held by institutions stands at 67.86%. But the -3.01% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
