New Jersey Resources Corporation (NYSE:NJR) shares, rose in value on Friday, March 28, with the stock price up by 2.03% to the previous day’s close as strong demand from buyers drove the stock to $49.37.
Actively observing the price movement in the last trading, the stock closed the session at $48.39, falling within a range of $48.37 and $49.5. The value of beta (5-year monthly) was 0.594 whereas the PE ratio was 14.87 over 12-month period. Referring to stock’s 52-week performance, its high was $51.94, and the low was $40.62. On the whole, NJR has fluctuated by 3.22% over the past month.
With the market capitalization of New Jersey Resources Corporation currently standing at about $4.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-02. The company’s Forward Dividend Ratio is 1.77, with its dividend yield at 3.59%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NJR’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 50% 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 3.27, with the price of NJR currently trading nearly 1.79% and 3.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.15, while the 7-day volatility ratio is showing 1.47% which for the 30-day chart, stands at 1.90%. Furthermore, New Jersey Resources Corporation (NJR)’s beta value is 0.62, and its average true range (ATR) is 0.87.
A comparison of New Jersey Resources Corporation (NJR) with its peers suggests the former has fared considerably weaker in the market. NJR showed an intraday change of 2.03% in last session, and over the past year, it grew by 18.71%%.
Data on historical trading for New Jersey Resources Corporation (NYSE:NJR) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 589.34K. According to company’s latest data on outstanding shares, there are 100.19 million shares outstanding.
Nearly 0.54% of New Jersey Resources Corporation’s shares belong to company insiders and institutional investors own 74.89% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.0 million shares as on 2025-03-14, resulting in a short ratio of 3.32. According to the data, the short interest in New Jersey Resources Corporation (NJR) stood at 284.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 2.3 million. The stock has risen by 5.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NJR stock heading into the next quarter.
