Check This PG&E Corporation (NYSE:PCG) Analysis Before You Invest

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PG&E Corporation (NYSE:PCG) traded at $10.42 at close of the session on Friday, Jul 02, made an upward move of 0.77% on its previous day’s price.

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Looking at the stock we see that its previous close was $10.34 and the beta (5Y monthly) reads 1.39 with the day’s price range being $10.31 – 10.46. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, PCG has a high of $12.91 and a low of $8.35. The company’s stock has gained about -0.1% over that past 30 days.

PG&E Corporation has a market cap of $20.53 Billion and is expected to release its quarterly earnings report on July 29, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the PCG stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.28, with the EPS growth for the year declined at $1 for 2021 and $1.12 for next year. These figures represent -0.38% and 0.12% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.13 Billion, with a low of $4.66 Billion and a high of $5.59 Billion. The median projection represents growth adding up to 25% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $19.89 Billion, or +7.7% up from figures reported last year.

On the other hand, looking at the outlook for the PCG stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 16 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the PG&E Corporation (PCG) stock as a Hold, while 10 rate it as a Buy. 1 analyst(s) rate it as outperform while none of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the PCG stock currently stands at 0, and the current price level is 1.38% off its SMA20 and -0.86% from its 50-day simple moving average. The RSI (14) is pointing at 52.73 while the volatility over the past week is 2.41% and drops to 2.05% over the past one month. The beta value is 1.39, while the average true range (ATR) is currently pointing at 0.23. The average price target for the stock over the next 12 months is $14.96, with the estimates having a low of $13 and a high of $17. These price ends are 24.76% and +63.15% off the current price level respectively, although investors could be excited at the prospect of a +43.95% if the PCG share price touches on the median price of $15.

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Coming back to PG&E Corporation (NYSE:PCG), we note that the average 3-month trading volume was 13.82 Million, while that of the preceding 10-day period stands at 11.98 Million. Current shares outstanding are 1.99 Billion.

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According to data from Thomson Reuters, insiders hold 24.11% of the company’s shares while institutions hold 72.55%. The data shows that short shares as of June 14, 2021, stood at 81.88 Million at a short ratio of 6.33. This represents a 4.12% short interest in shares outstanding on June 14, 2021. Shares short rose in June from the previous month at 81.68 Million. Investors should be worried about this stock as its upside potential is weak, with current price pushing the stock -16.37% down in year-to-date price movement.