PG&E Corp. (NYSE:PCG) shares, rose in value, with the stock price up by 0.35% to the previous day’s close as strong demand from buyers drove the stock to $20.19.
Actively observing the price movement in the last trading, the stock closed the session at $20.12, falling within a range of $20.145 and $20.32. The value of beta (5-year monthly) was 1.015 whereas the PE ratio was 17.13 over 12-month period. Referring to stock’s 52-week performance, its high was $20.93, and the low was $15.90. On the whole, PCG has fluctuated by 1.82% over the past month.
With the market capitalization of PG&E Corp. currently standing at about $43.16 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 0.20%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.95B, with a low estimate of 6.16B and a high estimate of 6.9B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.61B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PCG’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.84, with the price of PCG currently trading nearly 0.33% and 1.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.24, while the 7-day volatility ratio is showing 1.62% which for the 30-day chart, stands at 1.70%. Furthermore, PG&E Corp. (PCG)’s beta value is 1.04, and its average true range (ATR) is 0.34.
A comparison of PG&E Corp. (PCG) with its peers suggests the former has fared considerably weaker in the market. PCG showed an intraday change of 0.35% in last session, and over the past year, it grew by 24.63%%.
Data on historical trading for PG&E Corp. (NYSE:PCG) indicates that the trading volumes over the past 10 days have averaged 7.75 and over the past 3 months, they’ve averaged 12.79 million. According to company’s latest data on outstanding shares, there are 2.13 billion shares outstanding.
Nearly 2.43% of PG&E Corp.’s shares belong to company insiders and institutional investors own 91.82% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 34.63 million shares as on 2024-10-15, resulting in a short ratio of 2.51. According to the data, the short interest in PG&E Corp. (PCG) stood at 148.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 50.71 million. The stock has risen by 11.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PCG stock heading into the next quarter.
