PG&E Corporation’s (PCG) -0.70% Drop Is A Reason To Reconsider. – Stocks Register
Home  »  Business   »  PG&E Corporation’s (PCG) -0.70% Drop Is A R...

PG&E Corporation’s (PCG) -0.70% Drop Is A Reason To Reconsider.

PG&E Corporation (NYSE:PCG) price on Thursday, August 26, fall -0.70% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $9.19.

A look at the stock’s price movement, the level at last check in today’s session was $9.26, moving within a range at $9.125 and $9.27. The beta value (5-Year monthly) was 1.38 while the PE ratio in trailing twelve months stood at 24.30. Turning to its 52-week performance, $12.91 and $8.24 were the 52-week high and 52-week low respectively. Overall, PCG moved 3.00% over the past month.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


PG&E Corporation’s market cap currently stands at around $17.69 billion, with investors looking forward to this quarter’s earnings report slated for Oct 27, 2021 – Nov 01, 2021. Analysts project the company’s earnings per share (EPS) to be $0.28, which has seen fiscal year 2021 EPS growth forecast to increase to $1.01 and about $1.11 for fiscal year 2022. Per the data, EPS growth is expected to be -37.30% for 2021 and 9.90% for the next financial year.

Analysts have a consensus estimate of $5.13 billion for the company’s revenue for the quarter, with a low and high estimate of $4.66 billion and $5.59 billion respectively. The average forecast suggests up to a 24.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $19.92 billion, representing a 7.90% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that PCG is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, 11 recommend PCG as a Buy and 1 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 9.72, with PCG’s current price about 2.06% and -3.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 49.34, while 7-day volatility ratio is 3.26% and 4.04% in the 30-day chart. Further, PG&E Corporation (PCG) has a beta value of 1.38, and an average true range (ATR) of 0.36. Analysts have given the company’s stock an average 52-week price target of $14.58, forecast between a low of $12.00 and high of $17.00. Looking at the price targets, the low is -30.58% off recent price level in today’s trading while to achieve the yearly target high, it has to move -84.98%. Nonetheless, investors will most likely welcome a -52.34% jump to $14.00 which is the analysts’ median price.

In the market, a comparison of PG&E Corporation (PCG) and its peers suggest the former has performed considerably weaker. Data shows PCG’s intraday price has changed -0.70% today and 1.65% over the past year. Comparatively, Xcel Energy Inc. (XEL) has moved -0.32% so far today and only -0.96% in the past 12 months. Looking at another peer, we see that Avista Corporation (AVA) price has dipped -1.49% on the day. However, the stock is 12.39% off its price today a year ago. Moreover, Hawaiian Electric Industries Inc. (HE) is also down -0.94% in today’s trading while keeping a an uptrend of 25.18% over the past year. If we look at the PE ratio, we find that PG&E Corporation’s ratio stands at 24.30 compared to Xcel Energy Inc.’s 23.29 and Avista Corporation’s 19.81. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.37% and -0.20% respectively on the day as seen in early trades.

If we refocus on PG&E Corporation (NYSE:PCG), historical trading data shows that trading volumes averaged 14.33 million over the past 10 days and 15.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.99 billion shares.

>> 7 Top Picks for the Post-Pandemic Economy <<

The 0.20% of PG&E Corporation’s shares are in the hands of company insiders while institutional holders own 74.90% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 83.19 million on May 27, 2021, giving us a short ratio of 5.55. The data shows that as of May 27, 2021 short interest in PG&E Corporation (PCG) stood at 4.19% of shares outstanding, with shares short rising to 81.0 million registered in Apr 29, 2021. Current price change has pushed the stock -25.68% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PCG stock continues to rise going into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam