The trading price of NRG Energy Inc. (NYSE:NRG) closed higher on Tuesday, July 20, closing at $39.45, 1.10% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $38.93 and $39.67. The company’s P/E ratio in the trailing 12-month period was 31.84, while its 5Y monthly beta was 0.83. In examining the 52-week price action we see that the stock hit a 52-week high of $44.08 and a 52-week low of $28.22. Over the past month, the stock has gained 7.23% in value.
NRG Energy Inc., whose market valuation is $9.58 billion at the time of this writing, is expected to release its quarterly earnings report Aug 04, 2021 – Aug 09, 2021. The dividend yield on the company stock is 3.30%, while its Forward Dividend ratio is 1.30. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $1.46 per share this quarter, however they have predicted annual earnings per share of $2.89 for 2021 and $5.45 for 2022. It means analysts are expecting annual earnings per share growth of 38.90% this year and 88.60% next year.
Analysts have forecast the company to bring in revenue of $3.18 billion for the current quarter, with the likely lows of $2.99 billion and highs of $3.37 billion. The average estimate suggests sales will likely up by 19.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2021 is $15.33 billion. The company’s revenue is forecast to grow by 68.60% over what it did in 2021.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of NRG Energy Inc. 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest NRG has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a Hold, while an average of long term indicators suggests that the stock is currently 100% Buy.
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 NRG a recommendation rating is 12. Out of them, 3 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 1 analyst(s) have tagged NRG Energy Inc. (NRG) as Underweight, while 0 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 0.75, which symbolizes a positive outlook. A quick review shows that NRG’s price is currently -1.21% off the SMA20 and 7.15% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.34, and weekly volatility stands at 2.24%. When measured over the past 30 days, the indicator reaches 2.60%. NRG Energy Inc. (NYSE:NRG)’s beta value is currently sitting at 0.86, while the Average True Range indicator is currently displaying 1.10. With analysts defining $41.00-$57.00 as the low and high price targets, we arrive at a consensus price target of $47.10 for the trailing 12-month period. The current price is about -3.93% off the estimated low and -44.49% off the forecast high, based on this estimate. Investors will be thrilled if NRG’s share price rises to $47.00, which is the median consensus price. At that level, NRG’s share price would be -19.14% below current price.
To see how NRG Energy Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: NRG stock’s performance was 1.10% in the latest trading, and 18.04% in the past year, while NextEra Energy Inc. (NEE) has traded 0.23% on the day and positioned 12.52% higher than it was a year ago. Another comparable company Duke Energy Corporation (DUK) saw its stock close -0.14% lower in the most recent trading session but was up 27.92% in a year. Furthermore, OGE Energy Corp. (OGE) showed an increase of 1.71% on the day while its price kept inclining at 7.96% over the past year. NRG Energy Inc. has a P/E ratio of 31.84, compared to NextEra Energy Inc.’s 35.74 and Duke Energy Corporation’s 59.76. Also in last trading session, the S&P 500 Index has surged 1.52%, while the Dow Jones Industrial also saw a positive session, up 1.62% on the day.
An evaluation of the daily trading volume of NRG Energy Inc. (NYSE:NRG) indicates that the 3-month average is 3.06 million. However, this figure has increased over the past 10 days to an average of 2.29 million.
Currently, records show that 245.00 million of the company’s shares remain outstanding. The insiders hold 0.90% of outstanding shares, whereas institutions hold 98.30%. The stats also highlight that short interest as of May 27, 2021, stood at 12.65 million shares, resulting in a short ratio of 4.06 at that time. From this, we can conclude that short interest is 5.17% of the company’s total outstanding shares. It is noteworthy that short shares in May were up slightly from the previous month’s figure, which was 10.72 million. However, since the stock’s price has seen 5.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.