Currently, TXNM Energy Inc [TXNM] is trading at $49.63, up 0.38%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TXNM shares have gain 2.75% over the last week, with a monthly amount glided 16.37%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
TXNM Energy Inc [NYSE: TXNM] stock has seen the most recent analyst activity on October 10, 2024, when Scotiabank initiated its Sector Perform rating and assigned the stock a price target of $46. Previously, Jefferies started tracking the stock with Buy rating on October 02, 2024, and set its price target to $50. Barclays started tracking the stock assigning a Overweight rating and suggested a price target of $40 on February 08, 2024. Wells Fargo upgraded its rating to a Overweight and raised its price target to $44 on January 03, 2024. Mizuho downgraded its rating to Neutral for this stock on January 03, 2024, but kept the price target unchanged to $41. In a note dated September 26, 2023, Mizuho upgraded an Buy rating on this stock but restated the target price of $50.30.
This stock has fluctuated between a low of $34.62 and a high of $49.76 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. TXNM Energy Inc [NYSE: TXNM] shares were valued at $49.63 at the most recent close of the market. An investor can expect a potential drop of -5.3% based on the average TXNM price forecast.
Analyzing the TXNM fundamentals
Trailing Twelve Months sales for TXNM Energy Inc [NYSE:TXNM] were 1.91B which represents 12.53% growth. Gross Profit Margin for this corporation currently stands at 0.64% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.1%, 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 0.07 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.18.
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 49.35 points at the first support level, and at 49.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.88, and for the 2nd resistance point, it is at 50.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for TXNM Energy Inc [NYSE:TXNM] is 0.36. Also, the Quick Ratio is 0.27, while the Cash Ratio stands at 0.01. Considering the valuation of this stock, the price to sales ratio is 2.35, the price to book ratio is 1.82 and price to earnings (TTM) ratio is 25.92.
Transactions by insiders
Recent insider trading involved BECKER NORMAN P., Director, that happened on Nov 21 ’24 when 2300.0 shares were sold. Director, BECKER NORMAN P. completed a deal on Nov 21 ’24 to buy 3750.0 shares. Meanwhile, Officer PATRICK APODACA bought 5749.0 shares on Nov 18 ’24.
