Sempra (NYSE:SRE) price closed lower on Tuesday, April 16, dropping -2.50% below its previous close.
A look at the daily price movement shows that the last close reads $68.11. The company’s 5Y monthly beta was ticking 0.71 while its P/E ratio in the trailing 12-month period read 13.87. Taking into account the 52-week price action we note that the stock hit a 52-week high of $79.51 and 52-week low of $63.75. The stock subtracted -5.14% on its value in the past month.
Sempra, which has a market valuation of $41.98 billion, is expected to release its quarterly earnings report May 02, 2024 – May 06, 2024. The company stock has a Forward Dividend ratio of 3.00, while the dividend yield is 4.52%. 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 SRE a short term outlook of 100% 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 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.35. The overview shows that SRE’s price is at present -5.62% off the SMA20 and -5.81% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 30.44, with weekly volatility standing at 2.07%. The indicator jumps to 1.64% when calculated based on the past 30 days. Sempra (NYSE:SRE)’s beta value is holding at 0.72, while the average true range (ATR) indicator is currently reading 1.30.
An analysis of the Sempra (NYSE:SRE) stock in terms of its daily trading volume indicates that the 3-month average is 3.03 million.
Current records show that the company has 632.15M in outstanding shares. The insiders’ percentage holdings are 0.05% of outstanding shares while the percentage share held by institutions stands at 91.55%. But the -11.13% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
