PPL Corp [PPL] Is Currently 0.78 below its 200 Period Moving Avg: What Does This Mean?


PPL Corp [NYSE: PPL] gained 0.78% or 0.23 points to close at $29.84 with a heavy trading volume of 7682460 shares.

The daily chart for PPL points out that the company has recorded 14.37% gains over the past six months.

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If we look at the average trading volume of 4.79M shares, PPL reached to a volume of 7682460 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 PPL Corp [PPL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PPL shares is $30.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PPL stock is a recommendation set at 1.71. 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.

Argus have made an estimate for PPL Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 08, 2024. While these analysts kept the previous recommendation, UBS dropped their target price from $29 to $25. The new note on the price target was released on October 04, 2023, representing the official price target for PPL Corp stock. Previously, the target price had yet another raise to $26, while Barclays analysts kept a Equal Weight rating on PPL stock.

The Average True Range (ATR) for PPL Corp is set at 0.39, with the Price to Sales ratio for PPL stock in the period of the last 12 months amounting to 2.68. 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 0.44.

Trading performance analysis for PPL stock

PPL Corp [PPL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.23. With this latest performance, PPL shares gained by 9.02% in over the last four-week period, additionally plugging by 14.37% over the last 6 months – not to mention a rise of 10.27% 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 PPL stock in for the last two-week period is set at 80.09, with the RSI for the last a single of trading hit 87.68, and the three-weeks RSI is set at 74.25 for PPL Corp [PPL]. The present Moving Average for the last 50 days of trading for this stock 27.60, while it was recorded at 29.64 for the last single week of trading, and 26.16 for the last 200 days.

PPL Corp [PPL]: A deeper dive into fundamental analysis

PPL Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.08 and a Current Ratio set at 1.28.

PPL Corp [PPL]: 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 PPL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PPL Corp go to 6.80%.

An analysis of Institutional ownership at PPL Corp [PPL]

The top three institutional holders of PPL 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 PPL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in PPL stock with ownership which is approximately 5.8386%.