New Outlook On Evergy Inc

Evergy Inc (NASDAQ:EVRG) price on Wednesday, May 29, fall -1.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $52.57.

A look at the stock’s price movement, the close in the last trading session was $53.26. The PE ratio in trailing twelve months stood at 17.01. Turning to its 52-week performance, $61.84 and $46.92 were the 52-week high and 52-week low respectively. Overall, EVRG moved -0.34% over the past month.

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Evergy Inc’s market cap currently stands at around $12.09 billion. The company has a Forward Dividend ratio of 2.54, with its dividend yield at 4.83%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.

Turning to the stock’s technical picture we see that short term indicators suggest on average that EVRG is a 50% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

The technical evaluation for the stock shows the PEG ratio is 2.84, with EVRG’s current price about -3.56% and -0.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 39.89, while 7-day volatility ratio is 1.28% and 1.43% in the 30-day chart. Further, Evergy Inc (EVRG) has a beta value of 0.58, and an average true range (ATR) of 0.82.

If we refocus on Evergy Inc (NASDAQ:EVRG), historical trading data shows that trading volumes averaged 2.19 million over the past 3 months. The company’s latest data on shares outstanding shows there are 229.73 million shares.

The 1.58% of Evergy Inc’s shares are in the hands of company insiders while institutional holders own 84.41% of the company’s shares. Current price change has pushed the stock 0.71% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EVRG stock continues to rise going into the next quarter.

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