NiSource Inc (NYSE:NI) price closed lower on Tuesday, April 16, dropping -0.97% below its previous close.
A look at the daily price movement shows that the last close reads $26.82. The company’s P/E ratio in the trailing 12-month period read 17.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $28.95 and 52-week low of $22.86. The stock added 0.23% on its value in the past month.
NiSource Inc, which has a market valuation of $11.89 billion. The company stock has a Forward Dividend ratio of 1.01, while the dividend yield is 3.82%. 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 NI a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.46. The overview shows that NI’s price is at present -2.35% off the SMA20 and 0.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.20, with weekly volatility standing at 1.85%. The indicator jumps to 1.42% when calculated based on the past 30 days. NiSource Inc (NYSE:NI)’s beta value is holding at 0.49, while the average true range (ATR) indicator is currently reading 0.44.
An analysis of the NiSource Inc (NYSE:NI) stock in terms of its daily trading volume indicates that the 3-month average is 4.39 million.
Current records show that the company has 447.38M in outstanding shares. The insiders’ percentage holdings are 0.59% of outstanding shares while the percentage share held by institutions stands at 92.43%. But the 0.04% upside, 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.
