Just Energy Group Inc. (NYSE:JE) does about 4.94M shares in volume on a normal day but saw 5657341 shares change hands in Monday trading. The company now has a market cap of 46.72M USD. Its current market price is $0.31, marking an increase of 6.24% compared to the previous close of $0.29. The 52 week high reached by this stock is $2.84 whilst the lowest price level in 52 weeks is $0.28. The script in recent trading has seen the stock touch a high of $0.3322 and a low of $0.2928.
Just Energy Group Inc. (JE) has a 20-day trading average at $0.3408 and the current price is -89.15% off the 52-week high compared with 9.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4278 and its 200-day simple moving average is $0.9615. If we look at the stock’s price movements over the week, volatility stands at 7.74%, which decreases to 6.23% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 34.04 to suggest the stock is neutral.
2 analysts observing the Just Energy Group Inc. (JE) stock have set the 12-month price targets for the company’s shares at between $0.22 and $0.37. The median price target is -3.33% away from the current levels at $0.30.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 1 analysts have rated it as a sell, while 0 advise that it is a overweight. 0 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Underweight and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 29, 2020 when RBC Capital Mkts downgraded the stock to “Underperform” and issued a price target of. Canaccord Genuity also downgraded the stock to “Hold” from Buy on October 08, 2019 at a price target of.
The current price level is -10.73%, -28.84%, and -68.23% away from its SMA20, SMA50, and SMA200 respectively, with the JE price moving above the 50-day SMA on August 24. Just Energy Group Inc. (JE) stock is down -6.21% over the week and -25.69% over the past month. Its price is -81.66% year-to-date and -73.21% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/30/2017, with the company’s earnings per share (EPS) of $0.89 above consensus estimates by $0.76. The company’s next earnings report is expected on 08/24/2020, with forecasts estimating quarterly EPS at $0.15 and $1.12 for whole year. JE’s earnings per share are forecast to shrink by -41.10% this year and -53.60% over next year. Expected sales for next quarter are $701.54 million, which analysts say will come at $2.93 billion for the current fiscal year and next year at $3.25 billion. In addition, estimates put the company’s current quarterly revenue at an average of $873.77 million.
Its 12-month price target is $0.30. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $0.22, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $0.37.
Outstanding shares total 151.64M with insiders holding 42.98% of the shares and institutional holders owning 22.54% of the company’s common stock. The price to earnings ratio (P/E ratio) amounts to 0.18 while the forward price to earnings ratio is 0.59.
According to a U.S. Securities and Exchange Commission filing, TD Monthly Income Fund has added its position in Just Energy Group Inc. (JE) to 2,245,357 shares, mirroring a recent increase by 0.86%. TD Monthly Income Fund added 19100.0 shares of Just Energy Group Inc. common stock bringing its total worth to about $0.8 million at the end of recent close, SEC documents show. TD Monthly Income Fund isn’t the only investment manager who changed stakes and is followed by TD Dividend Growth Fund, which added 64300.0 shares to end up with 1,301,390 shares worth $0.46 million.