NRG Energy Inc (NYSE:NRG) shares, rose in value, with the stock price down by -0.86% to the previous day’s close as strong demand from buyers drove the stock to $119.31.
Actively observing the price movement in the recent trading, the stock is buoying the session at $120.34. The PE ratio was 23.64 over 12-month period. Referring to stock’s 52-week performance, its high was $120.92, and the low was $65.11. On the whole, NRG has fluctuated by 22.50% over the past month.
With the market capitalization of NRG Energy Inc currently standing at about $24.30 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.10, with its dividend yield at 1.76%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.82B, with a low estimate of 7.38B and a high estimate of 8.99B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.28B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NRG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 2.49, with the price of NRG currently trading nearly 11.36% and 19.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 69.91, while the 7-day volatility ratio is showing 3.11% which for the 30-day chart, stands at 4.44%. Furthermore, NRG Energy Inc (NRG)’s beta value is 1.00, and its average true range (ATR) is 4.49.
A comparison of NRG Energy Inc (NRG) with its peers suggests the former has fared considerably weaker in the market. NRG showed an intraday change of -0.86% in today’s session so far, and over the past year, it grew by 62.54%%.
Data on historical trading for NRG Energy Inc (NYSE:NRG) indicates that the trading volumes over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 203.67 million shares outstanding.
Nearly 1.94% of NRG Energy Inc’s shares belong to company insiders and institutional investors own 95.59% of the company’s shares. The stock has risen by 32.24% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NRG stock heading into the next quarter.
