Taking everything into account, Evergy, Inc. (NYSE:EVRG) scores 16% Sell on the technical side. The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the EVRG’s short-term trajectory should know that short terms indicators for the stock averaged 40% Buy with an average daily trading volume over the past 20 days at 2190785 shares. EVRG stock has overall a 0.25% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 1887552 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 67% Sell on the basis of long term indicators.
The share price is currently staying around the first support level of $56.7. Below this, the next support is placed in the zone of $56.28. Till the time, the EVRG stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 55.91 on daily chart, which may remain a cause for concern. If the price breaks below $56.28 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $57.62 mark may result into a pull-back move towards $58.12 level.
Evergy, Inc. (EVRG) is projected to climb by 3.96 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $64-month high price target. This represents a whopping 12.04 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $60, which represents a return potential of 5.04 percent when compared to the closing price of the stock of $57.12 on Thursday, March 14. The lowest price target for the stock is $52 — slightly more than -8.96 percent from EVRG’s current share price.
Here’s a rundown of insider trading activity for sense of Evergy, Inc. (NYSE:EVRG).
EVRG shares accumulated 0.19 points or 0.33 percent on Thursday to $57.12 with a heavy trade volume of 2.277 million shares. After opening the session at $56.88, the shares went as high as $57.7 and as low as $56.78, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $15 billion and now has 261.9 million shares outstanding. Evergy, Inc. (EVRG) stock has lost -2.02 percent of market value in 21 trading days.
Analysts at BofA/Merrill upped their rating on shares of Evergy, Inc. (NYSE:EVRG) from Neutral to Buy in their opinion released on February 12. Goldman analysts have downgraded their rating of EVRG stock from Neutral to Sell in a separate flash note to investors on January 04.
EVRG stock has a trailing 3-year beta of 0.27, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was $2.31 a share in the trailing twelve months. The stock’s value has surged 0.62 percent year to date (YTD) against a rise of 14.45 percent in 12 month’s time. The company’s shares still trade -6.51 percent away from its 1-year high of $61.10 and 14.84 percent up from 52-week low of $49.74. The average consensus rating on the company is 1.9, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.
Shares of Evergy, Inc. (EVRG) are trading at a P/E ratio of 21.18 times earnings reported for the past 12 months. The industry EVRG operates in has an average P/E of 13.29. Its P/E ratio went as low as 13.32X and as high as 23.21 over the 5-year span. Further, it is sporting a 3.5 on the Price-to-Sales ratio. Compare this with the industry average P/S of 2.19. 0 percent is the gross profit margin for Evergy, Inc. and operating margin sits at 21.8 percent. Along with this, the net profit margin is 12.5 percent.
Analysts are forecasting revenue to climb 100.8 percent to $1.21B in the next fiscal quarter, while earnings are seen soaring by nearly -7.14 percent to $0.39 per share. History has shown that shares in Evergy, Inc. have gone up on 2 different earnings reaction days and are predicted to add 0.02 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.07 per share, worse than the $0.26, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $1.2B, worse than the $1.3B analysts expected. Earnings are estimated to increase by 10.3 percent this year, 9.55 percent next year and continue to increase by 6.25 percent annually for the next 5 years.