Why Did Equitable Holdings Inc (EQH) Stock Rise 0.83% to $46.19?

Barclays has recently initiated Equitable Holdings Inc (EQH) stock to Overweight rating, as announced on September 5, 2024, according to Finviz. Earlier, on June 18, 2024, UBS had reduced the stock from a Buy to Neutral, setting a price target of $43 for EQH stock. JP Morgan also reduced Neutral rating with a price target of $36. Additionally, Jefferies raised Buy rating on December 11, 2023, with a target price of $37. Keefe Bruyette analysts, in their report published on December 5, 2023, also reduced Mkt Perform rating for Equitable Holdings Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.


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Equitable Holdings Inc (EQH) Stock Trading Recap

On Wednesday, Equitable Holdings Inc (EQH) stock saw a modest uptick, ending the day at $46.19 which represents a slight increase of $0.38 or 0.83% from the prior close of $45.81. The stock opened at $45.87 and touched a low of $45.66 during the day, reaching a high of $46.48. The volume of shares traded was 2.17 million exceeding the average volume of 2.13 million.

EQH Stock Performance and Moving Averages

In recent trading, Equitable Holdings Inc (EQH) stock price has shown some volatility, fluctuating 1.65% over the last five trades and 10.74% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 19.63%, and it has gained 9.98% in the previous three months. Currently, EQH is trading at 3.79%, 8.57%, and 18.21% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.

As of the latest trading close, EQH, a Financial sector stock, is trading -0.24% below its 52-week high but remains 87.38% above its 52-week low. The Average True Range (ATR) (14 days) of 0.82 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.

Equitable Holdings Inc’s Profitability and Valuation Ratios

Equitable Holdings Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 13.34% and a profit margin of 6.08%, with a gross margin of 19.63%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.

In terms of valuation, Equitable Holdings Inc’s market capitalization stands at $14.64 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 19.25, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 6.39. Additionally, the Price-to-Sales Ratio is 1.07, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 181.15, comparing the market value to the company’s book value.

Understanding Insider Trading

Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.47% of Equitable Holdings Inc (EQH)’s shares, while financial institutions hold 97.62%.

Notable insider trades include Pearson Mark, President and CEO at Equitable Holdings Inc (EQH), who sold 30000 shares on Oct 15 ’24, at $44.4 each, totaling $1.33 million. On Sep 19 ’24, Eckert William James IV, Chief Accounting Officer, sold 3500 shares for $42.42 each, amounting to $0.15 million. Additionally, on Sep 16 ’24, Pearson Mark sold 30000 shares at $40.78 each, generating $1.22 million.

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