Evergy Inc (EVRG): The stock’s intermediate-term indicators point to Buy today

Evergy Inc (EVRG) saw an uptrend of 2632774% in the recent trading with $2420000.0 being its most recent. The current price level -2.25% lower than the highest price of $70.36 marked by the stock while trading over the past 52-weeks, whereas it is 32.02% higher than the lowest price of $52.10 the company dropped to over past 52-weeks. The latest news story on EVRG appeared in (Barchart) under the title “Is Evergy Stock Outperforming the Dow?” on Today.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 5 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.71 for the stock.

Evergy Inc Earnings – What Happened With EVRG

Coming around sales and income figures on EVRG Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

Evergy Inc – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 230.08 million. EVRG does have institutional investors; and they hold 87.22% of the stock.

As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Evergy Inc (NASDAQ:EVRG) with an ownership of 30.29 million shares of the company or 13.1505 of the stake worth $1.6 billion. The filing also reveals STATE STREET CORP as the second largest holder in the company with a control over 7.1447 of the outstanding shares. Its stake is worth $871.58 million for having 16.45 million shares in hand.

BLACKROCK INC. also came holding a key position in the company during the recent quarter and it now holds 7.1186 of the outstanding shares. With this there are now 1087.0 institutions which have possession in EVRG’s shares.

Key Metrics forEVRG

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Evergy Inc has a debt to equity ratio of 1.45.

Technical Analysis of Evergy Inc (NASDAQ:EVRG) stock

To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Evergy Inc (EVRG), we notice that the stock’s 20-day average volume is at 2,439,250 shares. Medium term indicators at an average of 100% are spotting the stock at Buy with its 50-day average volume of 2,352,144 shares. And to end, EVRG’s 100-day average volume is 2,440,710 shares with 100% of the long-term indicators pointing towards Buy for the stock.

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