TXNM Energy Inc (NYSE:TXNM) shares, rose in value on Friday, May 09, with the stock price up by 0.42% to the previous day’s close as strong demand from buyers drove the stock to $52.89.
Actively observing the price movement in the last trading, the stock closed the session at $52.67. The PE ratio was 19.78 over 12-month period. Referring to stock’s 52-week performance, its high was $55.50, and the low was $35.56. On the whole, TXNM has fluctuated by 3.99% over the past month.
With the market capitalization of TXNM Energy Inc currently standing at about $4.90 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.59, with its dividend yield at 3.01%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TXNM’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 2.75, with the price of TXNM currently trading nearly -0.10% and 0.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.14, while the 7-day volatility ratio is showing 1.95% which for the 30-day chart, stands at 2.42%. Furthermore, TXNM Energy Inc (TXNM)’s beta value is 0.12, and its average true range (ATR) is 1.33.
A comparison of TXNM Energy Inc (TXNM) with its peers suggests the former has fared considerably weaker in the market. TXNM showed an intraday change of 0.42% in last session, and over the past year, it grew by 37.66%%.
Data on historical trading for TXNM Energy Inc (NYSE:TXNM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.09 million. According to company’s latest data on outstanding shares, there are 92.66 million shares outstanding.
Nearly 1.33% of TXNM Energy Inc’s shares belong to company insiders and institutional investors own 106.79% of the company’s shares. The stock has risen by 7.57% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TXNM stock heading into the next quarter.
