Duke Energy Corp (NYSE: DUK) – Time For Strategy Change?

Duke Energy Corp (NYSE:DUK) currently has a daily average trading volume of 4.27M but it saw 4176276 shares traded in last market. With a market cap of 90.12B USD, the company’s current market price of $115.94 came rising about 3.09 while comparing to the previous closing price of $112.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $125.27 and as low as $99.21.

Taking a look at 20-day trading activity of Duke Energy Corp (DUK) gives us an average price of $119.89, while its current price level is -7.45% below from 52-week high level whereas it is 16.86% 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 $119.24 while that of 200 days or SMA-200 reads an average of $114.73. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.39% during that period while stretching the period over a month that decreases to 1.90%. 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 42.82 which implies that the stock is in neutral territory.

Mizuho upgraded its recommendation for the stock as a “Outperform” from “Neutral” on October 15, 2024 while assigning a price target range of $116-$121. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $138.

Over the week, DUK’s stock price is moving -3.38% down while it is -3.78% when we observe its performance for the past one month. Year-to-date it is 7.61% up and over the past year, the stock is showing an upside performance of 12.68%.

Currently, Duke Energy Corp’s total number of outstanding shares is 777.00M with 0.14% of that held by the insiders while 69.11% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.53% and return on equity (ROE) at 9.48%. It has a price to earnings ratio (P/E ratio) of 19.34 while having a 17.26 of forward P/E ratio. Stock’s beta reads 0.34. Stock has a price to book (P/B) ratio of 1.81 while price to sale or P/S ratio amounts to 2.91. Its return on asset (ROA) is 2.60% on average.