Set Your Sights On NRG Energy Inc. (NYSE: NRG)’S Upside Potential

NRG Energy Inc. (NRG) concluded trading on Wednesday at a closing price of $52.99, with 3.85 million shares of worth about $203.82 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 44.07% during that period and on Wednesday February 7 the price saw a loss of about -0.99%. Currently the company’s common shares owned by public are about 229.56M shares, out of which, 217.35M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 84,928 shares in 55 of the transactions. In 7 selling transactions, insiders dumped 56,769 shares.

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Stock saw a price change of -0.09% in past 5 days and over the past one month there was a price change of 1.44%. Year-to-date (YTD), NRG shares are showing a performance of 2.50% which increased to 52.80% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $30.25 but also hit the highest price of $55.36 during that period. The average intraday trading volume for NRG Energy Inc. shares is 3.40 million. The stock is currently trading 0.69% above its 20-day simple moving average (SMA20), while that difference is up 4.78% for SMA50 and it goes to 29.24% higher than SMA200.

NRG Energy Inc. (NYSE: NRG) currently have 229.56M outstanding shares and institutions hold larger chunk of about 100.85% of that.

The stock has a current market capitalization of $11.96B and its 3Y-monthly beta is at 1.10. It has posted earnings per share of -$7.93 in the same period. It has Quick Ratio of 0.99 while making debt-to-equity ratio of 3.38. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NRG, volatility over the week remained 2.56% while standing at 2.07% over the month.

Analysts are in expectations that NRG Energy Inc. (NRG) stock would likely to be making an EPS of $5.06 in the current quarter, while forecast for next quarter EPS is $0.41 and it is $6.39 for next year. For the current quarter EPS, analysts have given the company a lowest target $5.06 which is $5.06 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$4.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.01% while it is estimated to increase by 8.05% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on January 23, 2024 offering an Overweight rating for the stock and assigned a target price of $65 to it.

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