TXNM Energy Inc. [TXNM] stock prices are down -3.66% to $40.24 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TXNM shares have lost -1.93% over the last week, with a monthly amount glided 11.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Barclays started tracking the stock with Overweight rating on February 08, 2024, and set its price target to $40. On January 03, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $44 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $41 on January 03, 2024. Mizuho upgraded its rating to a Buy but $50.30 remained the price target by the analyst firm on September 26, 2023. Siebert Williams Shank upgraded its rating to Buy for this stock on May 16, 2023, and upped its price target to $55. In a note dated January 09, 2023, Mizuho downgraded an Neutral rating on this stock and revised its target price from $51 to $50.30.
The stock price of TXNM Energy Inc. [TXNM] has been fluctuating between $34.62 and $45.10 over the past year. TXNM Energy Inc. [NYSE: TXNM] shares were valued at $40.24 at the most recent close of the market.
Analyzing the TXNM fundamentals
The TXNM Energy Inc. [NYSE:TXNM] reported sales of 1.84B for trailing twelve months, representing a surge of 2.29%.
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 39.53 points at the first support level, and at 38.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 41.03, and for the 2nd resistance point, it is at 41.81.
Ratios To Look Out For
It’s worth pointing out that TXNM Energy Inc. [NYSE:TXNM]’s Current Ratio is 0.47. In addition, the Quick Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 1.97, the price to book ratio is 1.51 and price to earnings (TTM) ratio is 44.47.
