NiSource Inc (NYSE:NI) shares, rose in value on Wednesday, May 07, with the stock price up by 2.85% to the previous day’s close as strong demand from buyers drove the stock to $40.48.
Actively observing the price movement in the last trading, the stock closed the session at $39.36. The PE ratio was 25.00 over 12-month period. Referring to stock’s 52-week performance, its high was $41.44, and the low was $27.60. On the whole, NI has fluctuated by 8.93% over the past month.
With the market capitalization of NiSource Inc currently standing at about $19.05 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.09, with its dividend yield at 2.69%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.39, with the price of NI currently trading nearly 3.37% and 3.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.97, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 2.64%. Furthermore, NiSource Inc (NI)’s beta value is 0.56, and its average true range (ATR) is 0.96.
A comparison of NiSource Inc (NI) with its peers suggests the former has fared considerably weaker in the market. NI showed an intraday change of 2.85% in last session, and over the past year, it grew by 41.84%%.
Data on historical trading for NiSource Inc (NYSE:NI) indicates that the trading volumes over the past 3 months, they’ve averaged 5.14 million. According to company’s latest data on outstanding shares, there are 469.82 million shares outstanding.
Nearly 0.33% of NiSource Inc’s shares belong to company insiders and institutional investors own 95.18% of the company’s shares. The stock has risen by 10.12% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NI stock heading into the next quarter.
