Centerpoint Energy Inc. (NYSE:CNP) price closed lower on Tuesday, April 16, dropping -0.66% below its previous close.
A look at the daily price movement shows that the last close reads $27.40. The company’s P/E ratio in the trailing 12-month period read 19.86. Taking into account the 52-week price action we note that the stock hit a 52-week high of $31.43 and 52-week low of $25.42. The stock subtracted -2.33% on its value in the past month.
Centerpoint Energy Inc., which has a market valuation of $17.23 billion. The company stock has a Forward Dividend ratio of 0.78, while the dividend yield is 2.87%. 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 CNP 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 2.58. The overview shows that CNP’s price is at present -2.63% off the SMA20 and -2.33% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.64, with weekly volatility standing at 1.85%. The indicator jumps to 1.55% when calculated based on the past 30 days. Centerpoint Energy Inc. (NYSE:CNP)’s beta value is holding at 0.93, while the average true range (ATR) indicator is currently reading 0.48.
An analysis of the Centerpoint Energy Inc. (NYSE:CNP) stock in terms of its daily trading volume indicates that the 3-month average is 4.30 million.
Current records show that the company has 631.23M in outstanding shares. The insiders’ percentage holdings are 0.30% of outstanding shares while the percentage share held by institutions stands at 92.25%. But the -4.73% 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.
