At the time of writing, NRG Energy Inc. [NRG] stock is trading at $60.73, up 0.18%. An important factor to consider is whether the stock is rising or falling in short-term value. The NRG shares have gain 7.09% over the last week, with a monthly amount glided 14.61%, and seem to be holding up well over a long-time horizon.
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On 28, February 2024, NRG Energy, Inc. Reports Full Year 2023 Financial Results. In a post published today on Yahoo Finance, Exceeded revised guidance on Free Cash Flow before Growth and achieved high end of Adjusted EBITDA revised guidance.
From an analyst’s perspective:
NRG Energy Inc. [NYSE: NRG] stock has seen the most recent analyst activity on January 23, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $65. Previously, UBS upgraded its rating to Neutral on November 06, 2023, and elevated its price target to $46. On November 01, 2023, upgrade upgraded it’s rating to Buy but maintained its price target of $50 on the stock. BofA Securities upgraded its rating to a Buy and increased its price target to $36 on March 20, 2023. BofA Securities upgraded its rating to a Neutral. Morgan Stanley downgraded its rating to Equal-Weight for this stock on December 09, 2022, and downed its price target to $37. In a note dated December 07, 2022, UBS downgraded an Sell rating on this stock and revised its target price from $42 to $30.
For the past year, the stock price of NRG Energy Inc. fluctuated between $30.25 and $61.89. Currently, Wall Street analysts expect the stock to reach $39 within the next 12 months. NRG Energy Inc. [NYSE: NRG] shares were valued at $60.73 at the most recent close of the market. An investor can expect a potential drop of -35.78% based on the average NRG price forecast.
Analyzing the NRG fundamentals
According to NRG Energy Inc. [NYSE:NRG], the company’s sales were 28.59B for trailing twelve months, which represents an -11.46% plunge. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.06%, Pretax Profit Margin comes in at -0.08%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.55 and Total Capital is -0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.78.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 60.18 points at the first support level, and at 59.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.13, and for the 2nd resistance point, it is at 61.53.
Ratios To Look Out For
It is important to note that NRG Energy Inc. [NYSE:NRG] has a current ratio of 1.02. On the other hand, the Quick Ratio is 0.96, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.44, the price to book ratio is 5.60.
