PG&E Corp. [NYSE: PCG] gained 0.51% or 0.1 points to close at $19.77 with a heavy trading volume of 11351926 shares.
The daily chart for PCG points out that the company has recorded 22.26% gains over the past six months.
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If we look at the average trading volume of 13.41M shares, PCG reached to a volume of 11351926 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 PG&E Corp. [PCG]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PCG shares is $22.38 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PCG stock is a recommendation set at 1.76. 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 PG&E Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on September 12, 2024. While these analysts kept the previous recommendation, JP Morgan raised their target price from $19 to $22. The new note on the price target was released on June 10, 2024, representing the official price target for PG&E Corp. stock. Previously, the target price had yet another raise to $21, while Goldman analysts kept a Buy rating on PCG stock.
The Average True Range (ATR) for PG&E Corp. is set at 0.35, with the Price to Sales ratio for PCG stock in the period of the last 12 months amounting to 1.71. The Price to Book ratio for the last quarter was 1.61, with the Price to Cash per share for the same quarter was set at 0.73.
Trading performance analysis for PCG stock
PG&E Corp. [PCG] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.54. With this latest performance, PCG shares gained by 7.50% in over the last four-week period, additionally plugging by 22.26% over the last 6 months – not to mention a rise of 15.82% 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 PCG stock in for the last two-week period is set at 61.89, with the RSI for the last a single of trading hit 59.21, and the three-weeks RSI is set at 62.30 for PG&E Corp. [PCG]. The present Moving Average for the last 50 days of trading for this stock 18.56, while it was recorded at 19.71 for the last single week of trading, and 17.57 for the last 200 days.
PG&E Corp. [PCG]: A deeper dive into fundamental analysis
PG&E Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.86 and a Current Ratio set at 0.90.
PG&E Corp. [PCG]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, PG&E Corp. posted 0.24/share EPS, while the average EPS was predicted by analysts to be reported at 0.27/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.03. 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 PCG. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for PG&E Corp. go to 9.60%.
An analysis of Institutional ownership at PG&E Corp. [PCG]
There are presently around $78.18%, or 80.37%% of PCG stock, in the hands of institutional investors. The top three institutional holders of PCG stocks are: VANGUARD GROUP INC with ownership of 283.64 million shares, which is approximately 13.2917%. BLACKROCK INC., holding 176.4 million shares of the stock with an approximate value of $$3.08 billion in PCG stocks shares; and BLACKROCK INC., currently with $$2.94 billion in PCG stock with ownership which is approximately 7.8836%.
