NRG Energy Inc. [NRG] Is Currently 6.83 below its 200 Period Moving Avg: What Does This Mean?

NRG Energy Inc. [NYSE: NRG] gained 6.83% or 2.15 points to close at $33.63 with a heavy trading volume of 8508265 shares. The company report on March 10, 2023 that NRG Completes Acquisition of Vivint Smart Home, Inc., Creating the Leading Essential Home Services Platform.

— Acquisition Accelerates Company’s Growth Plan, at-Value, and Brings Customers a Unique Whole Home Experience –.

NRG Energy, Inc. (NYSE: NRG) completed its acquisition of Vivint Smart Home, Inc., effective today, accelerating the realization of NRG’s consumer-focused growth strategy and offering consumers simple, connected experiences to power, protect, and manage their homes intelligently. The acquisition improves and diversifies NRG’s financial profile while also expanding the total market opportunity available to NRG.

It opened the trading session at $32.57, the shares rose to $33.915 and dropped to $32.06, the range by which the price of stock traded the whole day. The daily chart for NRG points out that the company has recorded -23.34% loss over the past six months. However, it is still -11.17% lower than its most recent low trading price.

If we look at the average trading volume of 4.18M shares, NRG reached to a volume of 8508265 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about NRG Energy Inc. [NRG]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NRG shares is $37.71 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NRG stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BofA Securities have made an estimate for NRG Energy Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 20, 2023. The new note on the price target was released on December 19, 2022, representing the official price target for NRG Energy Inc. stock. Previously, the target price had yet another drop from $47 to $37, while Morgan Stanley kept a Equal-Weight rating on NRG stock. On December 07, 2022, analysts decreased their price target for NRG shares from 42 to 30.

The Average True Range (ATR) for NRG Energy Inc. is set at 1.13, with the Price to Sales ratio for NRG stock in the period of the last 12 months amounting to 0.25. The Price to Book ratio for the last quarter was 2.02, with the Price to Cash per share for the same quarter was set at 1.86.

Trading performance analysis for NRG stock

NRG Energy Inc. [NRG] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.91. With this latest performance, NRG shares dropped by -1.32% in over the last four-week period, additionally sinking by -23.34% over the last 6 months – not to mention a drop of -13.06% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NRG stock in for the last two-week period is set at 53.81, with the RSI for the last a single of trading hit 58.08, and the three-weeks RSI is set at 51.46 for NRG Energy Inc. [NRG]. The present Moving Average for the last 50 days of trading for this stock 33.29, while it was recorded at 31.82 for the last single week of trading, and 38.09 for the last 200 days.

NRG Energy Inc. [NRG]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and NRG Energy Inc. [NRG] shares currently have an operating margin of +2.88 and a Gross Margin at +6.80. NRG Energy Inc.’s Net Margin is presently recorded at +3.87.

Return on Equity for this stock inclined to 32.88, with Return on Assets sitting at 4.67.

NRG Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.30.

NRG Energy Inc. [NRG]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NRG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NRG Energy Inc. go to -3.30%.

An analysis of insider ownership at NRG Energy Inc. [NRG]

There are presently around $7,704 million, or 99.51% of NRG stock, in the hands of institutional investors. The top three institutional holders of NRG stocks are: VANGUARD GROUP INC with ownership of 31,554,624, which is approximately -0.725% of the company’s market cap and around 0.90% of the total institutional ownership; BLACKROCK INC., holding 29,676,381 shares of the stock with an approximate value of $998.02 million in NRG stocks shares; and STATE STREET CORP, currently with $493.8 million in NRG stock with ownership of nearly -3.352% of the company’s market capitalization.

Positions in NRG Energy Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 298 institutional holders increased their position in NRG Energy Inc. [NYSE:NRG] by around 27,014,245 shares. Additionally, 296 investors decreased positions by around 35,017,179 shares, while 74 investors held positions by with 167,037,455 shares. The mentioned changes placed institutional holdings at 229,068,879 shares, according to the latest SEC report filing. NRG stock had 112 new institutional investments in for a total of 7,952,527 shares, while 84 institutional investors sold positions of 2,925,127 shares during the same period.