Edison International (NYSE: EIX) is 11.92% higher on its value in year-to-date trading and has touched a low of $58.82 and a high of $79.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EIX stock was last observed hovering at around $79.38 in the last trading session, with the day’s gains setting it 0.63%.
Currently trading at $80.01, the stock is 7.28% and 7.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.29 million and changing 0.79% at the moment leaves the stock 14.77% off its SMA200. EIX registered 11.19% gain for a year compared to 6-month gain of 18.87%.
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The stock witnessed a 12.39% loss in the last 1 month and extending the period to 3 months gives it a 12.59%, and is 5.22% up 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 2.30% over the week and 1.66% over the month.
Edison International (EIX) has around 14375 employees, a market worth around $30.90B and $16.82B in sales. Current P/E ratio is 32.17 and Fwd P/E is 14.29. Profit margin for the company is 5.71%. Distance from 52-week low is 36.03% and 0.64% from its 52-week high. The company has generated returns on investments over the last 12 months (1.94%).
The EPS is expected to grow by 3.74% this year
The shares outstanding are 386.18M, and float is at 385.73M with Short Float at 1.27%.
Edison International (EIX) Insider Activity
The most recent transaction is an insider sale by Murphy J Andrew, the company’s PRESIDENT & CEO, EDISON ENERGY. SEC filings show that Murphy J Andrew sold 28,995 shares of the company’s common stock on Jul 26 ’24 at a price of $78.43 per share for a total of $2.27 million. Following the sale, the insider now owns 19660.0 shares.
Edison International disclosed in a document filed with the SEC on Jun 05 ’24 that Choi Caroline (SENIOR VICE PRESIDENT) sold a total of 10,004 shares of the company’s common stock. The trade occurred on Jun 05 ’24 and was made at $75.77 per share for $0.76 million. Following the transaction, the insider now directly holds 26918.0 shares of the EIX stock.
Still, SEC filings show that on May 14 ’24, Murphy J Andrew (PRESIDENT & CEO, EDISON ENERGY) disposed off 45,012 shares at an average price of $75.14 for $3.38 million. The insider now directly holds 19,660 shares of Edison International (EIX).
