HomeMarketWhy Consolidated Edison Inc. (NYSE:ED) Stock Slipped -1.74% in Last Month?

Why Consolidated Edison Inc. (NYSE:ED) Stock Slipped -1.74% in Last Month?

Evercore ISI raised the price target for the Consolidated Edison Inc. (NYSE:ED) stock from “an Underperform” to “an In-line”. The rating was released on January 24, 2023, according to finviz. We previously noted in another research note published on January 09, 2023 by Mizuho that downgraded the stock from a Buy to a Neutral with a price target of $98 for ED stock. The stock was upgraded by Guggenheim, who disclosed in a research note on May 23, 2022, from Sell to Neutral and set the price objective to $94. In their research brief published May 03, 2022, Wells Fargo analysts downgraded the Consolidated Edison Inc. stock from Equal Weight to Underweight with a price target of $94.

The latest trade, Performances and Moving Averages give us the following Picture

The share price of Consolidated Edison Inc. (NYSE:ED) raised 0.53% to close Tuesday’s market session at $94.05, higher as compared to yesterday’s close. The stock price fluctuated between $92.73 and $94.39 throughout the trading session with the volume trading being 1175445 shares, which represented a significant variation when compared to the three months average volume of 1.73 million shares. The firm’s stock price fluctuated -1.51% within the last five trades and -1.74% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -0.04% in the last 6 months and 10.82% was added to its value over the previous 3 months. ED stock is trading at a margin of -1.92%, -1.38% and -0.29% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.

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As of the close of trading, ED deals in the Utilities domain. The stock is trading -7.98 percent below its 52-week high and 20.42 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 8.02. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.

What Does Consolidated Edison Inc.’s Profitability and Valuation Ratios Tell Us About the Stock?

With regard to the profitability of the company, the operating margin is currently at 16.80 percent and the profit margin is 11.30 percent, and the company has reported a gross margin of 78.10 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.

The stock’s market cap achieved a total value of $32.91 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Consolidated Edison Inc. (NYSE:ED) is 19.73. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 19.60. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.19 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.61, which equates the market value of a stock with its book value.

Is Insider Trading a Real Thing?

Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.10 percent of Consolidated Edison Inc. shares are owned by insiders, and 68.20 percent are held by financial institutions. Cawley Timothy, the Chairman, President & CEO at Consolidated Edison Inc. (ED) has bought 80 shares of firm on Jan 03 at a price of $95.46 against the total amount of $7637.0. In another inside trade, Shannon Nancy, SVP Utility Shared Services of Consolidated Edison Inc. (NYSE:ED) bought 5 shares of the firm on Dec 30 for a total worth of $444.0 at a price of $95.31. An inside trade which took place on Dec 30, President & CEO, O&R of Consolidated Edison Inc. Sanchez Robert bought 62 shares of firm against total price of $5928.0 at the cost of $95.31 per share.

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