At the time of writing, Idacorp, Inc. [IDA] stock is trading at $101.39, up 0.50%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The IDA shares have lost -0.90% over the last week, with a monthly amount glided 8.85%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Idacorp, Inc. [NYSE: IDA] stock has seen the most recent analyst activity on March 13, 2024, when Morgan Stanley initiated its Equal-Weight rating and assigned the stock a price target of $92. Previously, Guggenheim downgraded its rating to Neutral on January 22, 2024, and kept the price target unchanged to $93. On October 27, 2023, Guggenheim initiated with a Buy rating and assigned a price target of $104 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $99 on October 23, 2023. Mizuho downgraded its rating to a Neutral and reduced its price target to $107 on April 04, 2023. BofA Securities downgraded its rating to Neutral for this stock on November 07, 2022, and downed its price target to $103. In a note dated May 03, 2022, Wells Fargo upgraded an Equal Weight rating on this stock and boosted its target price from $108 to $110.
For the past year, the stock price of Idacorp, Inc. fluctuated between $86.43 and $104.43. Currently, Wall Street analysts expect the stock to reach $98 within the next 12 months. Idacorp, Inc. [NYSE: IDA] shares were valued at $101.39 at the most recent close of the market. An investor can expect a potential drop of -3.34% based on the average IDA price forecast.
Analyzing the IDA fundamentals
According to Idacorp, Inc. [NYSE:IDA], the company’s sales were 1.83B for trailing twelve months, which represents an 9.92% jump. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.09 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.88.
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 100.54 points at the first support level, and at 99.68 for the second support level. However, for the 1st resistance point, the stock is sitting at 102.04, and for the 2nd resistance point, it is at 102.68.
Ratios To Look Out For
It is important to note that Idacorp, Inc. [NYSE:IDA] has a current ratio of 1.55. Also, the Quick Ratio is 1.17, while the Cash Ratio stands at 0.32. Considering the valuation of this stock, the price to sales ratio is 2.95, the price to book ratio is 1.69 and price to earnings (TTM) ratio is 18.96.
Transactions by insiders
Recent insider trading involved Hanchey James Bo D, VP of Cust Op & CSO (IPC), that happened on May 23 ’24 when 1500.0 shares were sold. SVP of Public Affairs, Malmen Jeffrey L completed a deal on Sep 14 ’23 to sell 1463.0 shares.
