Currently, Idacorp, Inc [IDA] is trading at $106.94, up 1.03%. 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 gain 3.01% over the last week, with a monthly amount glided 5.29%, 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 November 01, 2024, when Mizuho upgraded its rating to a Outperform and also boosted its price target to $116 from $102. Previously, Jefferies started tracking the stock with Hold rating on September 20, 2024, and set its price target to $110. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $92 on March 13, 2024. Guggenheim downgraded its rating to a Neutral but $93 remained the price target by the analyst firm on January 22, 2024. Guggenheim started tracking with a Buy rating for this stock on October 27, 2023, and assigned it a price target of $104. In a note dated October 23, 2023, UBS initiated an Neutral rating and provided a target price of $99 on this stock.
This stock has fluctuated between a low of $86.43 and a high of $109.47 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $105.75 within the next 12 months. Idacorp, Inc [NYSE: IDA] shares were valued at $106.94 at the most recent close of the market. An investor can expect a potential drop of -1.11% based on the average IDA price forecast.
Analyzing the IDA fundamentals
Trailing Twelve Months sales for Idacorp, Inc [NYSE:IDA] were 1.85B which represents 3.31% growth. Gross Profit Margin for this corporation currently stands at 0.27% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.15%. To continue investigating profitability, this company’s Return on Assets is posted at 0.33, Equity is 0.09 and Total Capital is 1.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.96.
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 105.77 points at the first support level, and at 104.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 107.56, and for the 2nd resistance point, it is at 108.18.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Idacorp, Inc [NYSE:IDA] is 1.70. Also, the Quick Ratio is 1.34, while the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 1.74 and price to earnings (TTM) ratio is 19.80.
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.
