In the past week, WEC stock has gone up by 4.01%, with a monthly decline of -0.90% and a quarterly plunge of -3.45%. The volatility ratio for the week is 2.91%, and the volatility levels for the last 30 days are 2.17% for WEC Energy Group Inc. The simple moving average for the last 20 days is 2.44% for WEC stock, with a simple moving average of -4.11% for the last 200 days.
Is It Worth Investing in WEC Energy Group Inc. (NYSE: WEC) Right Now?
WEC Energy Group Inc. (NYSE: WEC) has a higher price-to-earnings ratio of 20.75x compared to its average ratio,, and the 36-month beta value for WEC is at 0.39. Analysts have varying views on the stock, with 5 analysts rating it as a “buy,” 0 rating it as “overweight,” 9 as “hold,” and 1 as “sell.”
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The average price suggested by analysts for WEC is $101.91, which is $9.93 above the current market price. The public float for WEC is 315.03M, and currently, shorts hold a 1.33% of that float. The average trading volume for WEC on March 15, 2023 was 1.30M shares.
WEC) stock’s latest price update
WEC Energy Group Inc. (NYSE: WEC)’s stock price has increased by 1.39 compared to its previous closing price of 91.16. but the company has seen a 4.01% gain in its stock price over the last five trading sessions.
Analysts’ Opinion of WEC
In the past week, WEC stock has gone up by 4.01%, with a monthly decline of -0.90% and a quarterly plunge of -3.45%. The volatility ratio for the week is 2.91%, and the volatility levels for the last 30 days are 2.17% for WEC Energy Group Inc. The simple moving average for the last 20 days is 2.44% for WEC stock, with a simple moving average of -4.11% for the last 200 days.
Analysts’ Opinion of WEC
Many brokerage firms have already submitted their reports for WEC stocks, with Credit Suisse repeating the rating for WEC by listing it as a “Underperform.” The predicted price for WEC in the upcoming period, according to Credit Suisse is $98 based on the research report published on July 20th of the previous year 2022.
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see WEC reach a price target of $104. The rating they have provided for WEC stocks is “Overweight” according to the report published on June 27th, 2022.
BofA Securities gave a rating of “Buy” to WEC, setting the target price at $109 in the report published on May 13th of the previous year.
WEC Trading at -0.04% from the 50-Day Moving Average
After a stumble in the market that brought WEC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.72% of loss for the given period.
Volatility was left at 2.17%, however, over the last 30 days, the volatility rate increased by 2.91%, as shares sank -0.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.12% lower at present.
During the last 5 trading sessions, WEC rose by +4.01%, which changed the moving average for the period of 200-days by -12.65% in comparison to the 20-day moving average, which settled at $90.19. In addition, WEC Energy Group Inc. saw -1.42% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at WEC starting from PAYNE ULICE JR, who sale 950 shares at the price of $97.59 back on Nov 28. After this action, PAYNE ULICE JR now owns 21,375 shares of WEC Energy Group Inc., valued at $92,708 using the latest closing price.
Lauber Scott J, the President and CEO of WEC Energy Group Inc., sale 5,000 shares at $97.18 during a trade that took place back on Nov 22, which means that Lauber Scott J is holding 24,601 shares at $485,879 based on the most recent closing price.
Stock Fundamentals for WEC
Current profitability levels for the company are sitting at:
- +16.81 for the present operating margin
- +19.45 for the gross margin
The net margin for WEC Energy Group Inc. stands at +14.68. Equity return is now at value 12.40, with 3.50 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.69.
Conclusion
In conclusion, WEC Energy Group Inc. (WEC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.