NiSource Inc (NYSE:NI) shares, rose in value on Wednesday, January 22, with the stock price down by -2.02% to the previous day’s close as strong demand from buyers drove the stock to $37.78.
Actively observing the price movement in the last trading, the stock closed the session at $38.56, falling within a range of $37.705 and $38.59. The value of beta (5-year monthly) was 0.507 whereas the PE ratio was 22.96 over 12-month period. Referring to stock’s 52-week performance, its high was $38.83, and the low was $24.80. On the whole, NI has fluctuated by 6.63% over the past month.
With the market capitalization of NiSource Inc currently standing at about $17.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.06, with its dividend yield at 2.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 5.85B, with a low estimate of 1.45B and a high estimate of 2.52B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.86B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NI’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 2.89, with the price of NI currently trading nearly 2.72% and 2.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.19, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 1.75%. Furthermore, NiSource Inc (NI)’s beta value is 0.54, and its average true range (ATR) is 0.66.
A comparison of NiSource Inc (NI) with its peers suggests the former has fared considerably weaker in the market. NI showed an intraday change of -2.02% in last session, and over the past year, it grew by 47.58%%.
Data on historical trading for NiSource Inc (NYSE:NI) indicates that the trading volumes over the past 10 days have averaged 3.17 and over the past 3 months, they’ve averaged 3.63 million. According to company’s latest data on outstanding shares, there are 466.71 million shares outstanding.
Nearly 0.23% of NiSource Inc’s shares belong to company insiders and institutional investors own 96.36% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.14 million shares as on 2024-12-31, resulting in a short ratio of 2.77. According to the data, the short interest in NiSource Inc (NI) stood at 246.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 8.17 million. The stock has risen by 2.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NI stock heading into the next quarter.
