Centerpoint Energy Inc. [NYSE: CNP] jumped around 0.41 points on Monday, while shares priced at $27.18 at the close of the session, up 1.53%.
Compared to the average trading volume of 6.58M shares, CNP reached a trading volume of 6111535 in the most recent trading day, which is why market watchdogs consider the stock to be active.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
What do top market gurus say about Centerpoint Energy Inc. [CNP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNP shares is $29.62 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNP stock is a recommendation set at 2.61. 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.
Wells Fargo have made an estimate for Centerpoint Energy Inc. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on August 13, 2024. The new note on the price target was released on August 02, 2024, representing the official price target for Centerpoint Energy Inc. stock. Previously, the target price had yet another drop from $32 to $29, while JP Morgan kept a Neutral rating on CNP stock. On August 02, 2024, analysts decreased their price target for CNP shares from 31 to 28.
The Average True Range (ATR) for Centerpoint Energy Inc. is set at 0.63, with the Price to Sales ratio for CNP stock in the period of the last 12 months amounting to 2.07. The Price to Book ratio for the last quarter was 1.69, with the Price to Cash per share for the same quarter was set at 0.86.
How has CNP stock performed recently?
Centerpoint Energy Inc. [CNP] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.38. With this latest performance, CNP shares dropped by -7.43% in over the last four-week period, additionally sinking by -0.44% over the last 6 months – not to mention a drop of -2.41% 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 CNP stock in for the last two-week period is set at 50.64, with the RSI for the last a single of trading hit 58.83, and the three-weeks RSI is set at 47.03 for Centerpoint Energy Inc. [CNP]. The present Moving Average for the last 50 days of trading for this stock 28.55, while it was recorded at 26.57 for the last single week of trading, and 28.52 for the last 200 days.
Centerpoint Energy Inc. [CNP]: Deeper insight into the fundamentals
Centerpoint Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.99 and a Current Ratio set at 1.20.
Earnings analysis for Centerpoint Energy Inc. [CNP]
With the latest financial reports released by the company, Centerpoint Energy Inc. posted 0.4/share EPS, while the average EPS was predicted by analysts to be reported at 0.35/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.05. 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 CNP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Centerpoint Energy Inc. go to 7.45%.
Insider trade positions for Centerpoint Energy Inc. [CNP]
There are presently around $93.93%, or 94.24%% of CNP stock, in the hands of institutional investors. The top three institutional holders of CNP stocks are: CAPITAL INTERNATIONAL INVESTORS with ownership of 84.65 million shares, which is approximately 13.3894%. VANGUARD GROUP INC, holding 77.72 million shares of the stock with an approximate value of $$2.41 billion in CNP stocks shares; and VANGUARD GROUP INC, currently with $$1.58 billion in CNP stock with ownership which is approximately 8.0597%.
