At the time of writing, PNM Resources Inc [PNM] stock is trading at $35.97, down -0.53%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PNM shares have lost -3.41% over the last week, with a monthly amount drifted -1.99%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
PNM Resources Inc [NYSE: PNM] stock has seen the most recent analyst activity on February 08, 2024, when Barclays initiated its Overweight rating and assigned the stock a price target of $40. Previously, Wells Fargo upgraded its rating to Overweight on January 03, 2024, and elevated its price target to $44. On January 03, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $41 on the stock. Mizuho upgraded its rating to a Buy but stick to its price target of $50.30 on September 26, 2023. Siebert Williams Shank upgraded its rating to a Buy and raised its price target to $55 on May 16, 2023. Mizuho downgraded its rating to Neutral for this stock on January 09, 2023, and downed its price target to $50.30. In a note dated October 20, 2022, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $53 to $45.
For the past year, the stock price of PNM Resources Inc fluctuated between $34.62 and $49.08. Currently, Wall Street analysts expect the stock to reach $49 within the next 12 months. PNM Resources Inc [NYSE: PNM] shares were valued at $35.97 at the most recent close of the market. An investor can expect a potential return of 36.22% based on the average PNM price forecast.
Analyzing the PNM fundamentals
According to PNM Resources Inc [NYSE:PNM], the company’s sales were 1.94B for trailing twelve months, which represents an -28.43% plunge. Gross Profit Margin for this corporation currently stands at 0.5% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.04 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.1.
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 35.65 points at the first support level, and at 35.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.17, and for the 2nd resistance point, it is at 36.37.
Ratios To Look Out For
It is important to note that PNM Resources Inc [NYSE:PNM] has a current ratio of 0.39. As well, the Quick Ratio is 0.31, while the Cash Ratio is 0.0. Considering the valuation of this stock, the price to sales ratio is 1.67, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 35.35.
