Duke Energy Corp. [NYSE: DUK] gained 1.51% or 1.43 points to close at $95.93 with a heavy trading volume of 2639168 shares.
The daily chart for DUK points out that the company has recorded 7.83% gains over the past six months.
If we look at the average trading volume of 3.03M shares, DUK reached to a volume of 2639168 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 Duke Energy Corp. [DUK]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DUK shares is $104.15 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DUK stock is a recommendation set at 2.10. 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 Duke Energy Corp. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 12, 2024. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $90 to $108. The new note on the price target was released on January 23, 2024, representing the official price target for Duke Energy Corp. stock. Previously, the target price had yet another raise from $101 to $113, while RBC Capital Mkts kept a Outperform rating on DUK stock. On November 30, 2023, analysts increased their price target for DUK shares from 94 to 103.
The Average True Range (ATR) for Duke Energy Corp. is set at 1.54, with the Price to Sales ratio for DUK stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 1.57, with the Price to Cash per share for the same quarter was set at 0.43.
Trading performance analysis for DUK stock
Duke Energy Corp. [DUK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.67. With this latest performance, DUK shares gained by 0.83% in over the last four-week period, additionally plugging by 7.83% over the last 6 months – not to mention a drop of -1.52% 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 DUK stock in for the last two-week period is set at 54.15, with the RSI for the last a single of trading hit 55.52, and the three-weeks RSI is set at 53.42 for Duke Energy Corp. [DUK]. The present Moving Average for the last 50 days of trading for this stock 94.06, while it was recorded at 94.47 for the last single week of trading, and 92.70 for the last 200 days.
Duke Energy Corp. [DUK]: A deeper dive into fundamental analysis
Duke Energy Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.49 and a Current Ratio set at 0.74.
Duke Energy Corp. [DUK]: 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 DUK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Duke Energy Corp. go to 6.86%.
An analysis of Institutional ownership at Duke Energy Corp. [DUK]
The top three institutional holders of DUK stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in DUK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in DUK stock with ownership which is approximately 5.8386%.
