New Jersey Resources Corporation (NYSE: NJR) is -4.98% lower on its value in year-to-date trading and has touched a low of $38.92 and a high of $47.63 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NJR stock was last observed hovering at around $42.68 in the last trading session, with the day’s loss setting it -0.32%.
Currently trading at $42.36, the stock is -0.86% and -2.27% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.18 million and changing -0.75% at the moment leaves the stock -0.60% off its SMA200. NJR registered -10.65% loss for a year compared to 6-month loss of -6.43%.
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The stock witnessed a -3.77% gain in the last 1 month and extending the period to 3 months gives it a -0.77%, and is -0.12% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.36% over the week and 1.57% over the month.
New Jersey Resources Corporation (NJR) has around 1350 employees, a market worth around $4.19B and $1.69B in sales. Current P/E ratio is 16.82 and Fwd P/E is 14.69. Profit margin for the company is 14.69%. Distance from 52-week low is 8.84% and -11.06% from its 52-week high. The company has generated returns on investments over the last 12 months (4.92%).
New Jersey Resources Corporation quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $283M over the same period.The EPS is expected to grow by 8.71% this year, but quarterly earnings will post 3.60% year-over-year.
The shares outstanding are 98.82M, and float is at 98.34M with Short Float at 1.69%.
New Jersey Resources Corporation (NJR) Insider Activity
The most recent transaction is an insider sale by KENNY JANE M, the company’s Director. SEC filings show that KENNY JANE M sold 8,300 shares of the company’s common stock on Jun 14 ’24 at a price of $42.20 per share for a total of $0.35 million. Following the sale, the insider now owns 23259.0 shares.
New Jersey Resources Corporation disclosed in a document filed with the SEC on Jun 13 ’24 that KENNY JANE M (Director) sold a total of 0 shares of the company’s common stock. The trade occurred on Jun 13 ’24 and was made at $42.44 per share for $7.0. Following the transaction, the insider now directly holds 31559.0 shares of the NJR stock.
Still, SEC filings show that on May 23 ’24, Westhoven Stephen D (President & CEO) disposed off 20,000 shares at an average price of $42.82 for $0.86 million. The insider now directly holds 198,705 shares of New Jersey Resources Corporation (NJR).
