South Jersey Industries Inc. (NYSE:SJI) went down by -1.52% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Utilities – Diversified giant went up by $24.61 to trade ended Wednesday trading at $24.99. This is down from the $24.99 price recorded on Tuesday’s trading session. Thanks to this latest performance, SJI is closer to the higher price 52-week target of $36.00 and further from the lowest price target of $23.00. Its performance from the start of the year has also been negative, with SJI down by -25.38% year-to-date.
South Jersey Industries Inc. (SJI) started the day trading at $24.21 and recorded an intraday high of $24.93. It also recorded an intraday low of $24.21 during Wednesday’s trading session. South Jersey Industries Inc. is a very active stock that recorded a trading volume that is more than 22.65% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 1124171, which is more than 22.65 of the total average daily trading volume of 869.50K.
South Jersey Industries Inc. (NYSE:SJI) 2020 Performance Impressive
The increase in SJI’s stock price on Wednesday 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 SJI currently stands at $34.48, which is higher than the current trading price of the stock by 28.63%. However, SJI’s current trading price is -25.43% lower than the 52-week low price of $19.62. In terms of trading volume, South Jersey Industries Inc. currently experienced healthy participation during the last trading session. 1124171 shares of South Jersey Industries Inc. were traded on the stock exchange on Wednesday, which is more than 22.65% of the 869.50K average trading volume of the stock.
The performance of the stock has been positive over the past year. SJI’s performance over the past one year has seen it plunge by -27.21%, while the stock has gone down by -25.38% in the last six months. The quarterly performance of SJI currently stands at 9.67%, and it is down by -12.01% in the last month. The only positive figure was from the weekly performance, which currently reads 1.82%. At the time of writing SJI’s report, the company has a total market cap of $2.29B, making it one of the largest publicly-traded companies in the world.South Jersey Industries Inc. also has over 1100 employees all over the world.
SJI Insider Activities
For South Jersey Industries Inc., insiders hold 88.30% of all company shares. The insider transactions over the past six months are up by 10.00%. During that period, insiders bought 50,189 shares in 19 transactions. In that same period, insiders sold 12,632 of their shares in 9 transactions. After these transactions, insiders at South Jersey Industries Inc. now hold 660.46k shares, which is over 85.21% of the total company stocks. Institutional investors currently hold a large chunk of the SJI shares, as they control 0.72% of the company’s total stock.
SJI Fundamental Analysis
For South Jersey Industries Inc., the stock’s diluted earnings per share (EPS) stands at 1.00. In the coming year, analysts expect the EPS to be 1.69. The EPS growth will up over the next five years to 10.20% after plunging by -10.50% in the previous five years. In terms of revenue, South Jersey Industries Inc.’s quarterly sales (YOY) is shrinking at -0.01, which is higher than the average annual revenue of -10.50% over the past half a decade.
The Return on Investment (ROI) on South Jersey Industries Inc.’s stock currently stands at 3.70%, and it has a net profit margin of 6.10%. The operating margin of the company is 15.20%, and its gross margin is 41.30%.
SJI Analysts Prediction
The Maxim Group has a Buy rating for South Jersey Industries Inc., predicting the stock price to stay between $40 and $36. Another analyst that has a Underweight rating for SJI is Morgan Stanley, which set a price target of between $31 and $29. and Guggenheim reiterate their Buy position on the stock ($32 and $35).
Maxim Group and Williams Capital Group also believe that South Jersey Industries Inc.’s stock is outperforming at the moment.
At the moment, South Jersey Industries Inc.’s Total Debt to Equity ratio stands at 2.16, and they have a long-term Debt to Equity ratio of 1.38.
SJI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of SJI currently stands at -4.79%, while the SMA50 is -8.08%. The biggest one is the SMA200, which is currently reading -16.12% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 42.79, while its price to earnings ratio (P/E) is 24.51.