NextEra Energy Partners LP (NYSE:NEP) currently has a daily average trading volume of 1.96M but it saw 1493339 shares traded in last market. With a market cap of 3.40B USD, the company’s current market price of $18.20 came rising about 1.11 while comparing to the previous closing price of $18.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $35.15 and as low as $15.55. In the recent trading on the day, stock has struck highest price mark of $17.9 while lowest mark touched by it was $18.2879.
Taking a look at 20-day trading activity of NextEra Energy Partners LP (NEP) gives us an average price of $17.21, while its current price level is -48.22% below from 52-week high level whereas it is 17.04% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.18 while that of 200 days or SMA-200 reads an average of $26.39. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.00% during that period while stretching the period over a month that decreases to 4.56%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.37 which implies that the stock is in neutral territory.
Guggenheim downgraded its recommendation for the stock as a “Neutral” from “Buy” on October 28, 2024 while assigning a price target range of $37-$22. JP Morgan also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $25 and $22.
Over the week, NEP’s stock price is moving 4.18% up while it is -11.95% when we observe its performance for the past one month. Year-to-date it is -40.15% down and over the past year, the stock is showing a downside performance of -27.17%.
Currently, NextEra Energy Partners LP’s total number of outstanding shares is 93.50M. Company’s return on investment (ROI) stands at 2.40% and return on equity (ROE) at -4.29%. It has a price to earnings ratio (P/E ratio) of 8.34 while having a 4.65 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 0.50 while price to sale or P/S ratio amounts to 2.96. Its return on asset (ROA) is -0.68% on average.
