Consolidated Edison Inc. (NYSE:ED) Relative Strength Index (RSI) is 54.02, with weekly volatility at 2.42% and ATR at 1.47. The ED stock’s 52-week price range has touched low of $62.03 and a $94.63 high. Intraday shares traded counted 3.86 million, which was -35.08% lower than its 30-day average trading volume of 2.86M. Its shares traded higher over the last trading session, gaining 0.27% on 03/09/21. The shares fell to a low of $68.856 before closing at $69.69. ED’s previous close was $69.50 while the outstanding shares total 342.42M. The firm has a beta of 0.10, a 12-month trailing P/E ratio of 21.21, and a growth ratio of 7.20.
Investors have identified the Utilities – Regulated Electric company Consolidated Edison Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $23.39 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Consolidated Edison Inc. (ED) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ED, the company has in raw cash 1.44 billion on their books with 2.13 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on a decline. In terms of their assets, the company currently has 5.3 billion total, with 7.35 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 4.56 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ED sounds very interesting.
Is the stock of ED attractive?
In related news, Director, Non-Executive Chair, McAvoy John bought 423 shares of the company’s stock in a transaction that recorded on Feb 28. The purchase was performed at an average price of 65.65, for a total value of 27,778. As the purchase deal closes, the President CECONY, Ketschke Matthew now bought 2 shares of the company’s stock, valued at 111. Also, President & CEO, O&R, Sanchez Robert bought 35 shares of the company’s stock in a deal that was recorded on Feb 28. The shares were cost at an average price of 65.65 per share, with a total market value of 2,311. Following this completion of disposal, the VP, Strategic Planning, Nadkarni Gurudatta D now holds 32 shares of the company’s stock, valued at 2,079. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.10%.
0 out of 17 analysts covering the stock have rated it a Buy, while 8 have maintained a Hold recommendation on Consolidated Edison Inc.. 8 analysts has assigned a Sell rating on the ED stock. The 12-month mean consensus price target for the company’s shares has been set at $71.21.