The trading price of Companhia Paranaense de Energia – COPEL (NYSE:ELP) closed lower on Tuesday, Apr 06, closing at $1.13, -0.88% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $1.1000 and $1.1400. The company’s P/E ratio in the trailing 12-month period was 4.52, while its 5Y monthly beta was 0.61. In examining the 52-week price action we see that the stock hit a 52-week high of $1.44 and a 52-week low of $0.84. Over the past month, the stock has gained 4.1% in value.
On the technical side, indicators suggest ELP has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ELP a recommendation rating is 10. Out of them, 7 rate it a Hold, while 3 recommend Buy, whereas none assign an Outperform rating. None analyst(s) have tagged Companhia Paranaense de Energia – COPEL (ELP) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.73, which symbolizes a positive outlook. A quick review shows that ELP’s price is currently -6.11% off the SMA20 and -4.96% off the SMA50. The RSI metric on the 14-day chart is currently showing 41.87, and weekly volatility stands at 3.87%. When measured over the past 30 days, the indicator reaches 5.12%. Companhia Paranaense de Energia – COPEL (NYSE:ELP)’s beta value is currently sitting at 0.61, while the Average True Range indicator is currently displaying 0.06. With analysts defining $1.26-$1.51 as the low and high price targets, we arrive at a consensus price target of $1.37 for the trailing 12-month period. The current price is about 12.5% off the estimated low and 34.82% off the forecast high, based on this estimate. Investors will be thrilled if ELP’s share price rises to $1.33, which is the median consensus price. At that level, ELP’s share price would be +18.75% above current price.
To see how Companhia Paranaense de Energia – COPEL stock has been performing in comparison to its peers in the industry, here are the numbers: ELP stock’s performance was -0.88% in the latest trading, and +26.34% in the past year, while Nextera Energy (NEE) has traded +1.02% on the day and positioned +39.97% higher than it was a year ago. Another comparable company Duke Energy Corp (DUK) saw its stock close 0.66% higher in the most recent trading session but was up +28.35% in a year. Furthermore, Southern Company (SO) showed a decline of -0.88% on the day while its price kept rising at 26.34% over the past year. Companhia Paranaense de Energia – COPEL has a P/E ratio of 4.52, compared to Nextera Energy’s 50.76 and Duke Energy Corp’s 56.79. Also in last trading session, the S&P 500 Index has soared -0.1%, while the Dow Jones Industrial also saw a negative seesion, down -0.29% on the day.
An evaluation of the daily trading volume of Companhia Paranaense de Energia – COPEL (NYSE:ELP) indicates that the 3-month average is 3.21 Million. However, this figure has declined over the past 10 days to an average of 11.56 Million.
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Currently, records show that 27.37 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 24.56%. The stats also highlight that short interest as of March 14, 2021, stood at 60.96 Million shares, resulting in a short ratio of 5.21 at that time. From this, we can conclude that short interest is 0.22% of the company’s total outstanding shares. It is noteworthy that short shares in March were down slightly from the previous month’s figure, which was 72.66 Million. However, since the stock’s price has seen -21.09% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.