What Will UGI Corp (NYSE: UGI) Be Like In 2024

UGI Corp (NYSE:UGI) shares, rose in value on Friday, November 22, with the stock price up by 7.69% to the previous day’s close as strong demand from buyers drove the stock to $26.68.

Actively observing the price movement in the recent trading, the stock is buoying the session at $24.78, falling within a range of $25.111 and $27.13. The value of beta (5-year monthly) is 1.148 whereas the PE ratio is 8.55 over 12-month period. Referring to stock’s 52-week performance, its high was $26.15, and the low was $21.51. On the whole, UGI has fluctuated by 7.86% over the past month.

With the market capitalization of UGI Corp currently standing at about $5.73 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 5.62%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that UGI’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 75% Buy.

The stock’s technical analysis shows that the PEG ratio is about 8.55, with the price of UGI currently trading nearly 10.62% and 9.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 73.63, while the 7-day volatility ratio is showing 2.33% which for the 30-day chart, stands at 1.98%. Furthermore, UGI Corp (UGI)’s beta value is 1.16, and its average true range (ATR) is 0.61.

A comparison of UGI Corp (UGI) with its peers suggests the former has fared considerably weaker in the market. UGI showed an intraday change of 7.69% in today’s session so far, and over the past year, it grew by 20.97%%.

Data on historical trading for UGI Corp (NYSE:UGI) indicates that the trading volumes over the past 10 days have averaged 2.1 and over the past 3 months, they’ve averaged 1.90 million. According to company’s latest data on outstanding shares, there are 214.69 million shares outstanding.

Nearly 0.44% of UGI Corp’s shares belong to company insiders and institutional investors own 84.86% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.3 million shares as on 2024-10-31, resulting in a short ratio of 4.52. According to the data, the short interest in UGI Corp (UGI) stood at 454.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 6.87 million. The stock has risen by 8.48% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the UGI stock heading into the next quarter.

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