Edison International (EIX) Outlook Starting To Look Brighter?

Edison International (EIX) concluded trading on Thursday at a closing price of $51.15, with 5.68 million shares of worth about $290.32 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -37.26% during that period and on February 06, 2025 the price saw a loss of about -2.46%. Currently the company’s common shares owned by public are about 387.15M shares, out of which, 386.61M shares are available for trading.

Stock saw a price change of -5.38% in past 5 days and over the past one month there was a price change of -34.79%. Year-to-date (YTD), EIX shares are showing a performance of -35.93% which decreased to -21.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $51.58 but also hit the highest price of $88.77 during that period. The average intraday trading volume for Edison International shares is 4.04 million. The stock is currently trading -11.62% below its 20-day simple moving average (SMA20), while that difference is down -29.40% for SMA50 and it goes to -34.20% lower than SMA200.

Edison International (NYSE: EIX) currently have 387.15M outstanding shares and institutions hold larger chunk of about 90.46% of that.

The stock has a current market capitalization of $19.80B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 15.01, while it has posted earnings per share of $3.41 in the same period. Its PEG reads 1.80 and has Quick Ratio of 0.81 while making debt-to-equity ratio of 2.34. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EIX, volatility over the week remained 3.45% while standing at 5.33% over the month.

Stock’s fiscal year EPS is expected to rise by 3.99% while it is estimated to increase by 15.04% in next year.

Coverage by Ladenburg Thalmann stated Edison International (EIX) stock as a Neutral in their note to investors on January 15, 2025, suggesting a price target of $56.50 for the stock. On January 02, 2025, Barclays Upgrade their recommendations, while on November 07, 2024, Jefferies Initiated their ratings for the stock with a price target of $93. Stock get a Buy rating from BofA Securities on September 12, 2024.

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