Just Energy Group Inc. (NYSE:JE) does about 5.25M shares in volume on a normal day but saw 164658137 shares change hands in Friday trading. The company now has a market cap of 59.06M USD. Its current market price is $0.39, marking an increase of 26.22% compared to the previous close of $0.31. 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 $0.58 and a low of $0.3767.
Just Energy Group Inc. (JE) has a 20-day trading average at $0.3324 and the current price is -86.29% off the 52-week high compared with 38.12% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4069 and its 200-day simple moving average is $0.9218. If we look at the stock’s price movements over the week, volatility stands at 18.45%, which decreases to 8.64% 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 56.60 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 $0.38. The median price target is -30.0% 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 17.76%, -5.18%, and -58.19% away from its SMA20, SMA50, and SMA200 respectively, with the JE price moving above the 50-day SMA on August 28. Just Energy Group Inc. (JE) stock is up 34.31% over the week and 5.24% over the past month. Its price is -76.82% year-to-date and -65.53% 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 11/04/2020, 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 $0.38.
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 0.22 while the forward price to earnings ratio is 0.75.
According to a U.S. Securities and Exchange Commission filing, TD Monthly Income Fund has reduced its position in Just Energy Group Inc. (JE) to 2,235,657 shares, mirroring a recent drop by -0.43%. TD Monthly Income Fund dumped 9700.0 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 Dividend Growth Fund cut their holdings by -5.09% in the company over the course of the most recent quarter. It now holds a 0.81% position in Just Energy Group Inc. thanks to 1.24 million shares amounting to $0.44 million.