New Jersey Resources Corporation (NYSE:NJR) went up by 0.29% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Utilities – Regulated Gas giant went up by $31.03 to trade ended Thursday trading at $30.94. This is up from the $30.94 price recorded on Wednesday’s trading session. Thanks to this latest performance, NJR is closer to the higher price 52-week target of $53.00 and further from the lowest price target of $31.00. Its performance from the start of the year has also been negative, with NJR down by -30.38% year-to-date.
New Jersey Resources Corporation (NJR) started the day trading at $30.88 and recorded an intraday high of $31.08. It also recorded an intraday low of $30.02 during Thursday’s trading session. New Jersey Resources Corporation is a very active stock that recorded a trading volume that is less than -9.74% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 563308, which is less than -9.74 of the total average daily trading volume of 618.18K.
New Jersey Resources Corporation (NYSE:NJR) 2020 Performance Impressive
The increase in NJR’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NJR currently stands at $51.05, which is higher than the current trading price of the stock by 39.22%. However, NJR’s current trading price is -46.78% lower than the 52-week low price of $21.14. In terms of trading volume, New Jersey Resources Corporation currently experienced healthy participation during the last trading session. 563308 shares of New Jersey Resources Corporation were traded on the stock exchange on Thursday, which is less than -9.74% of the 618.18K average trading volume of the stock.
The performance of the stock has been positive over the past year. NJR’s performance over the past one year has seen it plunge by -37.22%, while the stock has gone down by -29.57% in the last six months. The quarterly performance of NJR currently stands at -5.28%, and it is down by -11.95% in the last month. The only negative figure was from the weekly performance, which currently reads -1.96%. At the time of writing NJR’s report, the company has a total market cap of $2.97B, making it one of the largest publicly-traded companies in the world.New Jersey Resources Corporation also has over 1068 employees all over the world.
NJR Insider Activities
For New Jersey Resources Corporation, insiders hold 73.30% of all company shares. The insider transactions over the past six months are down by -0.90%. During that period, insiders bought 6,013 shares in 2 transactions. In that same period, insiders sold 13,503 of their shares in 2 transactions. After these transactions, insiders at New Jersey Resources Corporation now hold 829.21k shares, which is over 73.41% of the total company stocks. Institutional investors currently hold a large chunk of the NJR shares, as they control 0.87% of the company’s total stock.
NJR Fundamental Analysis
For New Jersey Resources Corporation, the stock’s diluted earnings per share (EPS) stands at 2.00. In the coming year, analysts expect the EPS to be 2.30. The EPS growth will up over the next five years to 6.00% after surging by 2.50% in the previous five years. In terms of revenue, New Jersey Resources Corporation’s quarterly sales (YOY) is growing at 0.13, which is lower than the average annual revenue of 2.50% over the past half a decade.
The Return on Investment (ROI) on New Jersey Resources Corporation’s stock currently stands at 6.10%, and it has a net profit margin of 8.60%. The operating margin of the company is 8.50%, and its gross margin is 27.30%.
NJR Analysts Prediction
Argus and Brean Capital also believe that New Jersey Resources Corporation’s stock is outperforming at the moment.
At the moment, New Jersey Resources Corporation’s Total Debt to Equity ratio stands at 1.09, and they have a long-term Debt to Equity ratio of 0.83.
NJR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NJR currently stands at -7.43%, while the SMA50 is -6.72%. The biggest one is the SMA200, which is currently reading -20.62% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 38.44, while its price to earnings ratio (P/E) is 15.53.