Entergy Corp (ETR) At $81.90 Offering A Unique Opportunity

Entergy Corp (NYSE:ETR) currently has a daily average trading volume of 3.60M but it saw 4066057 shares traded in last market. With a market cap of 35.12B USD, the company’s current market price of $81.90 came falling about -0.84 while comparing to the previous closing price of $82.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $84.26 and as low as $48.08. In the recent trading on the day, stock has struck highest price mark of $81.73 while lowest mark touched by it was $83.16.

Taking a look at 20-day trading activity of Entergy Corp (ETR) gives us an average price of $77.80, while its current price level is -2.80% below from 52-week high level whereas it is 70.36% 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 $76.27 while that of 200 days or SMA-200 reads an average of $63.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that decreases to 1.94%. 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 67.97 which implies that the stock is in neutral territory.

Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on November 04, 2024 while assigning a price target range of $116-$150. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $138 and $154.

Over the week, ETR’s stock price is moving 3.68% up while it is 9.95% when we observe its performance for the past one month. Year-to-date it is 8.02% up and over the past year, the stock is showing an upside performance of 66.56%.

The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of 0.63 while estimate for next year EPS is 3.63. In next quarter, company is expected to be making quarterly sales of $3.09B as analysts are expecting the sales for current fiscal year at $12.65B and seeing the company making $13.45B in sales next year. Moreover, analysts are in estimates of $3.24B for current-quarter revenue.

Currently, Entergy Corp’s total number of outstanding shares is 428.82M with 0.20% of that held by the insiders while 94.05% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 4.20% and return on equity (ROE) at 12.09%. It has a price to earnings ratio (P/E ratio) of 19.94 while having a 21.07 of forward P/E ratio. Stock’s beta reads 0.72. Stock has a price to book (P/B) ratio of 2.34 while price to sale or P/S ratio amounts to 2.96. Its return on asset (ROA) is 2.82% on average.