Idacorp, Inc (NYSE: IDA) is 0.95% higher on its value in year-to-date trading and has touched a low of $86.43 and a high of $120.42 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 IDA stock was last observed hovering at around $110.18 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $110.32, the stock is 1.33% and -2.34% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.13% at the moment leaves the stock 8.44% off its SMA200. IDA registered 17.99% gain for a year compared to 6-month gain of 16.49%. The firm has a 50-day simple moving average (SMA 50) of $112.9586 and a 200-day simple moving average (SMA200) of $101.73665.
The stock witnessed a -2.72% loss in the last 1 month and extending the period to 3 months gives it a 5.60%, and is 3.58% 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 1.96% over the week and 1.88% over the month.
Idacorp, Inc (IDA) has around 2100 employees, a market worth around $5.88B and $1.85B in sales. Current P/E ratio is 20.43 and Fwd P/E is 18.87. Profit margin for the company is 15.30%. Distance from 52-week low is 27.64% and -8.39% from its 52-week high. The company has generated returns on investments over the last 12 months (4.47%).
with sales reaching $306.04M over the same period.The EPS is expected to grow by 5.40% this year, but quarterly earnings will post 5.04% year-over-year. Quarterly sales are estimated to shrink -25.71% in year-over-year returns.
Idacorp, Inc (IDA) Top Institutional Holders
562.0 institutions hold shares in Idacorp, Inc (IDA), with institutional investors hold 86.58% of the company’s shares. The shares outstanding are 53.27M, and float is at 53.03M with Short Float at 1.97%. Institutions hold 86.20% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.88 million shares valued at $547.95 million. The investor’s holdings represent 11.5878% of the IDA Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 5.71 million shares valued at $532.1 million to account for 11.2527 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 2.03 million shares representing 4.0036% and valued at over $189.32 million, while WELLINGTON MANAGEMENT GROUP LLP holds 3.9994 of the shares totaling 2.03 million with a market value of $189.12 million.
Idacorp, Inc (IDA) Insider Activity
The most recent transaction is an insider sale by Hanchey James Bo D, the company’s VP of Cust Op & CSO (IPC). SEC filings show that Hanchey James Bo D sold 1,500 shares of the company’s common stock on May 23 ’24 at a price of $95.09 per share for a total of $0.14 million. Following the sale, the insider now owns 1650.0 shares.
