Monthly Drifts in PG&E Corp. (PCG) Stock: A Closer Look

PG&E Corp. [PCG] stock prices are up 0.35% to $19.89 at the moment. 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 PCG shares have gain 1.95% over the last week, with a monthly amount glided 4.46%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, JP Morgan upgraded its rating to Overweight on June 10, 2024, and elevated its price target to $22. On April 10, 2024, Goldman initiated with a Buy rating and assigned a price target of $21 on the stock. Barclays initiated its recommendation with a Overweight and recommended $19 as its price target on August 23, 2023. UBS upgraded its rating to Buy for this stock on August 07, 2023, and upped its price target to $21. In a note dated April 03, 2023, Ladenburg Thalmann initiated an Buy rating and provided a target price of $20.50 on this stock.

The stock price of PG&E Corp. [PCG] has been fluctuating between $14.71 and $20.65 over the past year. Currently, Wall Street analysts expect the stock to reach $19.17 within the next 12 months. PG&E Corp. [NYSE: PCG] shares were valued at $19.89 at the most recent close of the market. An investor can expect a potential drop of -3.62% based on the average PCG price forecast.

Analyzing the PCG fundamentals

The PG&E Corp. [NYSE:PCG] reported sales of 24.78B for trailing twelve months, representing a surge of 13.16%. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.1 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 2.29.

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 19.76 points at the first support level, and at 19.63 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.99, and for the 2nd resistance point, it is at 20.08.

Ratios To Look Out For

It’s worth pointing out that PG&E Corp. [NYSE:PCG]’s Current Ratio is 0.90. Further, the Quick Ratio stands at 0.86, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 1.72, the price to book ratio is 1.62 and price to earnings (TTM) ratio is 16.88.

Transactions by insiders

Recent insider trading involved Williams Stephanie N, VP and Controller, that happened on Aug 15 ’24 when 38601.0 shares were sold. Officer, Williams Stephanie N completed a deal on Aug 15 ’24 to buy 38601.0 shares. Meanwhile, Chief Executive Officer Poppe Patricia K sold 59000.0 shares on Apr 30 ’24.

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