Edison International [EIX] stock is down -1.43 while the S&P 500 has risen 0.39% on Thursday, 11/19/20. While at the time of this article, EIX ATR is sitting at 1.86, with the beta value at 0.55. This stock’s volatility for the past week remained at 2.74%, while it was 3.20% for the past 30-day period. EIX has fallen -$0.92 from the previous closing price of $64.54 on volume of 2.67 million shares.
On 16, November 2020, SCE Names Top-10 Cities for Reporting Phone Scams, Urges Vigilance During Holiday Season. According to news published on Yahoo Finance, Southern California Edison is sharing a list of the top-10 cities in its service area for customer-reported utility bill phone scams. Residents in these cities and others may experience an increase in scam attempts during the upcoming holiday season. The warning comes during Utility Scam Awareness Week, Nov. 16-20, a campaign by Utilities United Against Scams to raise awareness about the threat posed by scams.
Analyst Birdseye View:
The most recent analyst activity for Edison International [NYSE:EIX] stock was on May 11, 2020, when it was Initiated with an Overweight rating from KeyBanc Capital Markets, which also raised its 12-month price target on the stock to $66. Before that, on June 15, 2020, Seaport Global Securities Recapitulated a Buy rating and elevated its amount target to $70. On May 04, 2020, BofA/Merrill Upgrade a Buy rating. On February 25, 2020, Vertical Research Initiated a Buy rating and increased its price target to $87. On June 04, 2019, UBS Upgrade a Buy rating and increased its price target to $72. On May 06, 2019, Wolfe Research Upgrade an Outperform rating. On March 01, 2019, BofA/Merrill Upgrade a Neutral rating and boosted its target amount on this stock from $63 to $65. On February 11, 2019, Wells Fargo Downgrade a Market perform rating and improved its amount target to $65.
In the past 52 weeks of trading, this stock has oscillated between a low of $43.63 and a peak of $78.93. Right now, according to Wall Street analyst the average 12-month amount target is $68.93. At the most recent market close, shares of Edison International [NYSE:EIX] were valued at $63.62. According to the average price forecast, investors can expect a potential return of -0.1%.
Edison International [NYSE:EIX] most recently reported quarterly sales of 4.64 billion, which represented growth of 24.10%. This company’s Gross Margin is currently 64.10% and its Operating Margin is 5.30%.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 62.97 points at 1st support level, the second support level is making up to 62.33. But as of 1st resistance point, this stock is sitting at 64.38 and at 65.15 for 2nd resistance point.
Edison International [EIX] reported its earnings at $1.67 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $1.47/share signifying the difference of 0.2 and 13.60% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $1 calling estimates for $1.11/share with the difference of -0.11 depicting the surprise of -9.90%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Edison International [NYSE:EIX] is 0.70. Now if looking for a valuation of this stock’s showing 64.79 of P/E (TTM) ratio.
The most recent insider trade was by Taylor Peter J., Director, and it was the sale of 230.0 shares on Nov 02. Taylor Peter J., the Director, completed a sale of 230.0 shares on Aug 03. On May 04, Taylor Peter J., Director, completed a sale of 230.0 shares.