Edison International [EIX] stock is trading at $68.04, up 1.84%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The EIX shares have lost -1.28% over the last week, with a monthly amount drifted -1.33%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Edison International [NYSE: EIX] stock has seen the most recent analyst activity on April 10, 2024, when Goldman initiated its Neutral rating and assigned the stock a price target of $78. Previously, Guggenheim upgraded its rating to Buy on January 22, 2024, and kept the price target unchanged to $84. On October 23, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $68 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $68 on August 23, 2023. Mizuho upgraded its rating to a Buy and raised its price target to $75 on August 22, 2023. Ladenburg Thalmann upgraded its rating to Neutral for this stock on August 15, 2023. In a note dated July 07, 2023, Guggenheim downgraded an Neutral rating on this stock.
Edison International [EIX] stock has fluctuated between $58.82 and $74.92 over the past year. Currently, Wall Street analysts expect the stock to reach $71.83 within the next 12 months. Edison International [NYSE: EIX] shares were valued at $68.04 at the most recent close of the market. An investor can expect a potential return of 5.57% based on the average EIX price forecast.
Analyzing the EIX fundamentals
Edison International [NYSE:EIX] reported sales of 16.34B for the trailing twelve months, which represents a drop of -7.72%. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.04. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.28.
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 67.32 points at the first support level, and at 66.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.44, and for the 2nd resistance point, it is at 68.84.
Ratios To Look Out For
For context, Edison International’s Current Ratio is 0.79. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.60, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 21.87.
Transactions by insiders
Recent insider trading involved Choi Caroline, SENIOR VICE PRESIDENT, that happened on Sep 15 ’23 when 11222.0 shares were sold.
