Centerpoint Energy Inc (NYSE:CNP) shares, rose in value, with the stock price down by -1.46% to the previous day’s close as strong demand from buyers drove the stock to $37.18.
Actively observing the price movement in the last trading, the stock closed the session at $37.73. The PE ratio was 25.00 over 12-month period. Referring to stock’s 52-week performance, its high was $39.31, and the low was $25.41. On the whole, CNP has fluctuated by -2.77% over the past month.
With the market capitalization of Centerpoint Energy Inc currently standing at about $24.27 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.85, with its dividend yield at 2.29%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNP’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 3.11, with the price of CNP currently trading nearly -1.58% and 0.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.63, while the 7-day volatility ratio is showing 1.11% which for the 30-day chart, stands at 1.13%. Furthermore, Centerpoint Energy Inc (CNP)’s beta value is 0.58, and its average true range (ATR) is 0.68.
A comparison of Centerpoint Energy Inc (CNP) with its peers suggests the former has fared considerably weaker in the market. CNP showed an intraday change of -1.46% in last session, and over the past year, it grew by 26.68%%.
Data on historical trading for Centerpoint Energy Inc (NYSE:CNP) indicates that the trading volumes over the past 3 months, they’ve averaged 5.66 million. According to company’s latest data on outstanding shares, there are 652.73 million shares outstanding.
Nearly 0.48% of Centerpoint Energy Inc’s shares belong to company insiders and institutional investors own 98.63% of the company’s shares. The stock has risen by 17.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNP stock heading into the next quarter.
