Sempra (NYSE:SRE) shares, rose in value on Thursday, December 12, with the stock price up by 0.59% to the previous day’s close as strong demand from buyers drove the stock to $87.93.
Actively observing the price movement in the last trading, the stock closed the session at $87.41, falling within a range of $87.395 and $88.5. The value of beta (5-year monthly) was 0.759 whereas the PE ratio was 19.35 over 12-month period. Referring to stock’s 52-week performance, its high was $95.77, and the low was $66.40. On the whole, SRE has fluctuated by -4.63% over the past month.
With the market capitalization of Sempra currently standing at about $55.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 2.48, with its dividend yield at 2.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.44B, with a low estimate of 3.96B and a high estimate of 5.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SRE’s technical picture suggests that short-term indicators denote the stock is a 50% 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 2.76, with the price of SRE currently trading nearly -4.21% and 0.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.09, while the 7-day volatility ratio is showing 1.68% which for the 30-day chart, stands at 1.73%. Furthermore, Sempra (SRE)’s beta value is 0.78, and its average true range (ATR) is 1.61.
A comparison of Sempra (SRE) with its peers suggests the former has fared considerably weaker in the market. SRE showed an intraday change of 0.59% in last session, and over the past year, it grew by 19.07%%.
Data on historical trading for Sempra (NYSE:SRE) indicates that the trading volumes over the past 10 days have averaged 3.19 and over the past 3 months, they’ve averaged 2.97 million. According to company’s latest data on outstanding shares, there are 633.21 million shares outstanding.
Nearly 0.06% of Sempra’s shares belong to company insiders and institutional investors own 91.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.01 million shares as on 2024-11-29, resulting in a short ratio of 4.71. According to the data, the short interest in Sempra (SRE) stood at 281.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 14.66 million. The stock has risen by 17.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SRE stock heading into the next quarter.
