Edison International (NYSE: EIX) is -26.82% lower on its value in year-to-date trading and has touched a low of $55.27 and a high of $88.77 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 EIX stock was last observed hovering at around $57.27 in the last trading session, with the day’s gains setting it 1.16%.
Currently trading at $58.43, the stock is -23.34% and -27.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.56 million and changing 2.03% at the moment leaves the stock -25.81% off its SMA200. EIX registered -17.90% loss for a year compared to 6-month gain of -20.01%. The firm has a 50-day simple moving average (SMA 50) of $81.387 and a 200-day simple moving average (SMA200) of $78.8103.
The stock witnessed a -28.38% loss in the last 1 month and extending the period to 3 months gives it a -30.12%, and is -25.51% 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 9.39% over the week and 3.46% over the month.
Edison International (EIX) has around 14375 employees, a market worth around $22.62B and $17.32B in sales. Current P/E ratio is 17.15 and Fwd P/E is 10.27. Profit margin for the company is 7.63%. Distance from 52-week low is 5.72% and -34.18% from its 52-week high. The company has generated returns on investments over the last 12 months (2.70%).
with sales reaching $3.86B over the same period.The EPS is expected to grow by 3.82% this year, but quarterly earnings will post 5.61% year-over-year. Quarterly sales are estimated to grow 4.09% in year-over-year returns.
Edison International (EIX) Top Institutional Holders
1247.0 institutions hold shares in Edison International (EIX), with institutional investors hold 91.01% of the company’s shares. The shares outstanding are 387.15M, and float is at 386.64M with Short Float at 1.54%. Institutions hold 90.84% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 46.62 million shares valued at $3.35 billion. The investor’s holdings represent 12.11% of the EIX Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.21 million shares valued at $2.74 billion to account for 9.9259 of the shares outstanding. The other top investors are STATE STREET CORP which holds 32.33 million shares representing 8.3963% and valued at over $2.32 billion, while FMR LLC holds 5.2101 of the shares totaling 20.06 million with a market value of $1.44 billion.
Edison International (EIX) Insider Activity
The most recent transaction is an insider sale by Bowman Erica S, the company’s VICE PRESIDENT. SEC filings show that Bowman Erica S sold 0 shares of the company’s common stock on Nov 22 ’24 at a price of $87.88 per share for a total of $42.0. Following the sale, the insider now owns 1287.0 shares.
Edison International disclosed in a document filed with the SEC on Nov 15 ’24 that Taylor Peter J. (Director) sold a total of 1,250 shares of the company’s common stock. The trade occurred on Nov 15 ’24 and was made at $83.28 per share for $0.1 million. Following the transaction, the insider now directly holds 32372.0 shares of the EIX stock.
Still, SEC filings show that on Nov 15 ’24, Taylor Peter J. (Officer) Proposed Sale 1,250 shares at an average price of $82.13 for $0.1 million. The insider now directly holds shares of Edison International (EIX).
