PG&E Corporation (NYSE:PCG) price closed higher on Monday, September 13, jumping 5.59% above its previous close.
A look at the daily price movement shows that the last close reads $9.31, with intraday deals fluctuated between $9.38 and $9.935. The company’s 5Y monthly beta was ticking 1.38 while its P/E ratio in the trailing 12-month period read 25.80. Taking into account the 52-week price action we note that the stock hit a 52-week high of $12.91 and 52-week low of $8.24. The stock added 6.39% on its value in the past month.
PG&E Corporation, which has a market valuation of $19.62 billion, is expected to release its quarterly earnings report Oct 27, 2021 – Nov 01, 2021. Analysts tracking PCG have forecast the quarterly EPS to grow by 0.25 per share this quarter, while the same analysts predict the annual EPS to hit $1 for the year 2021 and up to $1.11 for 2022. In this case, analysts estimate an annual EPS growth of -37.90% for the year and 11.00% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $5.37 billion, with the likely lows of $4.8 billion and highs of $6.07 billion. The average estimate suggests sales growth for the quarter will likely rise by 13.70% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $20.03 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 8.50% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give PCG a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 10.32. The overview shows that PCG’s price is at present 6.94% off the SMA20 and 5.19% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 63.24, with weekly volatility standing at 3.11%. The indicator jumps to 2.92% when calculated based on the past 30 days. PG&E Corporation (NYSE:PCG)’s beta value is holding at 1.38, while the average true range (ATR) indicator is currently reading 0.31.
Turning out attention to how the PG&E Corporation stock has performed in comparison to its peers in the industry, here’s what we find: PCG’s stock is 5.59% on the day and 8.50% in the past 12 months, while Xcel Energy Inc. (XEL) traded -1.00% in the last session and was positioned -2.58% down on its price 12 months ago. Another comparison is with Avista Corporation (AVA) whose stock price was down -0.68% in the last trading session, and has flourished 18.84% over the past year. Also, Hawaiian Electric Industries Inc. (HE) showed down trend of -1.20% while its price kept floating at 24.61% over the past year. As for PG&E Corporation, the P/E ratio stands at 25.80 higher than that of Xcel Energy Inc.’s at 22.87 and Avista Corporation’s 19.47. Elsewhere in the market, the S&P 500 Index has rallied 0.23% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.76%.
An analysis of the PG&E Corporation (NYSE:PCG) stock in terms of its daily trading volume indicates that the 3-month average is 15.61 million. However, this figure increases on the past 10-day timeline to an average of 10.8 million.
Current records show that the company has 1.99B in outstanding shares. The insiders’ percentage holdings are 0.10% of outstanding shares while the percentage share held by institutions stands at 74.90%. The stats also highlight that short interest as of May 27, 2021, stood at 83.19 million shares, which puts the short ratio at the time at 5.55. From this we can glean that short interest is 4.19% of company’s current outstanding shares. Notably, we see that shares short in May rose slightly given the previous month’s figure stood at 81.0 million. But the -21.11% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.