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Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE: EDN): Reassessing Prospects

January 20, 2023
in Market

After grabbing 12500.0 shares, the institutional investor is now in possession of 12500.0 shares of the Utilities Company. The new investment brought the stake of investor firm to 0.06% having worth around $99875.0. Moreover, RBC Dominion Securities, Inc. increased its share by 50.0 to have a control over 50.0 shares.

Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) concluded trading on 01/19/23 at a closing price of $8.30, with 0.15 million shares of worth about $1.27 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 89.50% during that period and on Thursday the price saw a loss of about -4.71%. Currently the company’s common shares owned by public are about 43.75M shares, out of which, 20.34M shares are available for trading.

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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 2 analysts are covering the EDN stock and their offered price forecasts bring an average price target of $5.49. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $5.98 and could fall to a lowest price of $5.00. The stock’s current price level is -112.82% below of average price target set by the analysts, while a dip to estimated low would result in loss of -66.0% for the stock. However, touching the estimated high of $5.98 would mean a loss of -38.8% for the stock.

The company recently came buying 0.0 shares which brought its stake up to 0.18% of the company’s outstanding shares.

Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE: EDN) started trading at $8.55, below -$0.16 from concluding price of the previous day. However, the stock later moved at a day high price of 8.60, or with a loss of -4.71%. Stock saw a price change of -19.10% in past 5 days and over the past one month there was a price change of 15.92%. Year-to-date (YTD), EDN shares are showing a performance of 3.88% which increased to 63.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.88 but also hit the highest price of $10.51 during that period. The average intraday trading volume for Empresa Distribuidora y Comercializadora Norte SA ADR shares is 74.00K. The stock is currently trading -4.21% below its 20-day simple moving average (SMA20), while that difference is up 7.73% for SMA50 and it goes to 29.68% higher than SMA200.

Modern Capital Management Co. acquired 12500.0 shares of Empresa Distribuidora y Comercializadora Norte SA ADR having value of about $99875.0. Empresa Distribuidora y Comercializadora Norte SA ADR (NYSE: EDN) currently have 43.75M outstanding shares and institutions hold larger chunk of about 0.30% of that. Holding of mutual funds in the company is about 0.07% while other institutional holders and individual stake holders have control over 0.24% and — of the stake respectively.

The stock has a current market capitalization of $355.74M and its 3Y-monthly beta is at 0.84. It has posted earnings per share of -$3.30 in the same period. It has Quick Ratio of 0.40 while making debt-to-equity ratio of 0.15. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EDN, volatility over the week remained 7.55% while standing at 5.54% over the month.

Analysts are in expectations that Empresa Distribuidora y Comercializadora Norte SA ADR (EDN) stock would likely to be making an EPS of $0 in the current quarter, while forecast for next quarter EPS is $0 and it is $0 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to rise by 20.10%.

Analysts at 2 brokerage firms have issued recommendations for the Empresa Distribuidora y Comercializadora Norte SA ADR (EDN)’s stock and average of those rates the stock at a “Moderate Sell” and assign it a score of 4.00. Out of those 2 Wall Street analysts, 0 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.

On May 12, 2008, JP Morgan Downgrade their recommendations, while on June 15, 2007, Bear Stearns Initiated their ratings for the stock with a price target of $24.

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