Centerpoint Energy Inc. (NYSE:CNP) shares, fell in value on Friday, August 09, with the stock price down by -0.04% to the previous day’s close as strong demand from buyers drove the stock to $26.27.
Actively observing the price movement in the last trading, the stock closed the session at $26.28. The PE ratio was 16.26 over 12-month period. Referring to stock’s 52-week performance, its high was $31.57, and the low was $25.42. On the whole, CNP has fluctuated by -11.49% over the past month.
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The company’s Forward Dividend Ratio is 0.79, with its dividend yield at 3.01%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.18, with the price of CNP currently trading nearly -6.64% and -11.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.47, while the 7-day volatility ratio is showing 3.47% which for the 30-day chart, stands at 2.78%. Furthermore, Centerpoint Energy Inc. (CNP)’s beta value is 0.92, and its average true range (ATR) is 0.75.
A comparison of Centerpoint Energy Inc. (CNP) with its peers suggests the former has fared considerably weaker in the market. CNP showed an intraday change of -0.04% in last session, and over the past year, it shrunk by -9.38%%.
Data on historical trading for Centerpoint Energy Inc. (NYSE:CNP) indicates that the trading volumes over the past 3 months, they’ve averaged 6.20 million. According to company’s latest data on outstanding shares, there are 641.97 million shares outstanding.
Nearly 0.41% of Centerpoint Energy Inc.’s shares belong to company insiders and institutional investors own 98.56% of the company’s shares. The stock has fallen by -8.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNP stock heading into the next quarter.
