Edison International [NYSE: EIX] surged by $0.63 during the normal trading session on while it closed the day at $80.01.
Edison International stock has also gained 5.22% of its value over the past 7 days. However, EIX stock has inclined by 12.59% in the 3 months of the year. Over the past six months meanwhile, it has gained 18.87% and gained 11.92% year-on date.
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The market cap for EIX stock reached $30.90 billion, with 386.18 million shares outstanding and 385.73 million shares in the current float. Compared to the average trading volume of 1.77M shares, EIX reached a trading volume of 4287167 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Edison International [EIX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EIX shares is $81.76 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EIX stock is a recommendation set at 2.05. 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.
UBS have made an estimate for Edison International shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 19, 2024. While these analysts kept the previous recommendation, Goldman raised their target price to Neutral. The new note on the price target was released on April 10, 2024, representing the official price target for Edison International stock. Previously, the target price had yet another raise to $84, while Guggenheim analysts kept a Buy rating on EIX stock. On October 23, 2023, analysts decreased their price target for EIX shares from 74 to 68.
The Average True Range (ATR) for Edison International is set at 1.38, with the Price to Sales ratio for EIX stock in the period of the last 12 months amounting to 1.84. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 1.31.
EIX stock trade performance evaluation
Edison International [EIX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.22. With this latest performance, EIX shares gained by 12.39% in over the last four-week period, additionally plugging by 18.87% over the last 6 months – not to mention a rise of 11.19% 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 EIX stock in for the last two-week period is set at 75.25, with the RSI for the last a single of trading hit 81.77, and the three-weeks RSI is set at 70.27 for Edison International [EIX]. The present Moving Average for the last 50 days of trading for this stock 74.21, while it was recorded at 78.51 for the last single week of trading, and 69.79 for the last 200 days.
Edison International [EIX]: An insightful look at the core fundamentals
Edison International’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.96 and a Current Ratio set at 1.03.
Earnings per share (EPS) analysis for Edison International [EIX] stock
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 EIX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Edison International go to 7.60%.
Edison International [EIX]: Institutional Ownership
The top three institutional holders of EIX stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in EIX stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in EIX stock with ownership which is approximately 5.1238%.
