Pattern Energy Group Inc. (NASDAQ:PEGI) stock went on an upward path that rose over 1.20% on Wednesday, amounting to a one-week price increase of more than 2.85%. Over the last 12 months, PEGI stock rose by 32.58%. The one-year PEGI stock forecast points to a potential upside of 0.11. The average equity rating for PEGI stock is currently 2.50, trading closer to a bullish pattern in the stock market.
The market cap for PEGI stock reached $2.64 billion, with 97.61 million shares outstanding and 96.69 million shares in the current float. Compared to the average trading volume of 829.37K shares, PEGI reached a trading volume of 985,580 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Pattern Energy Group Inc. (PEGI):
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEGI shares is $23.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEGI stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for Pattern Energy Group Inc. shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on Aug-14-19. The new note on the price target was released on Feb-04-19, representing the official price target for Pattern Energy Group Inc. stock.
The Average True Range (ATR) for Pattern Energy Group Inc. is set at 0.77, with the Price to Sales ratio for PEGI stock in the period of the last 12 months amounting to 5.21. The Price to Book ratio for the last quarter was 2.95, with the Price to Cash per share for the same quarter was set at 1.27.
PEGI Stock Performance Analysis:
Pattern Energy Group Inc. (PEGI) gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.85. With this latest performance, PEGI shares gained by 20.89% in over the last four-week period, additionally plugging by 30.91% over the last 6 months – not to mention a rise of 32.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEGI stock in for the last two-week period is set at 64.80, with the RSI for the last a single of trading hit 65.40, and the three-weeks RSI is set at 64.17 for Pattern Energy Group Inc. (PEGI). The present Moving Average for the last 50 days of trading for this stock 24.27, while it was recorded at 26.81 for the last single week of trading, and 22.02 for the last 200 days.
Insight into Pattern Energy Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Pattern Energy Group Inc. (PEGI) shares currently have an operating margin of +5.66 and a Gross Margin at +16.41. Pattern Energy Group Inc.’s Net Margin is presently recorded at +27.73.
Return on Total Capital for PEGI is now 0.67, given the latest momentum, and Return on Invested Capital for the company is 4.69. Return on Equity for this stock inclined to 13.26, with Return on Assets sitting at 2.83. When it comes to the capital structure of this company, Pattern Energy Group Inc. (PEGI) has a Total Debt to Total Equity ratio set at 218.05. Additionally, PEGI Total Debt to Total Capital is recorded at 68.56, with Total Debt to Total Assets ending up at 43.12. Long-Term Debt to Equity for the company is recorded at 193.79, with the Long-Term Debt to Total Capital now at 60.93.
Reflecting on the efficiency of the workforce at the company, Pattern Energy Group Inc. (PEGI) managed to generate an average of $679,426 per employee. Receivables Turnover for the company is 8.67 with a Total Asset Turnover recorded at a value of 0.10. Pattern Energy Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.40.