California’s governor and bankrupt power giant PG&E Corporation (NYSE:PCG) agree on one thing: The state needs a fund to deal with the liabilities utilities are facing because their equipment keeps igniting catastrophic wildfires. Both Governor Gavin Newsom and PG&E are floating plans that would establish a wildfire fund for utilities to tap to pay out fire claims. But it’s Newsom’s proposal in particular that comes with a deadline fast approaching.
Technical Stock Analysis
PG&E Corporation (NYSE:PCG), a Utilities sector firm, traded 21.08 Million shares in last trading session and stock slipped -2.59% with closing price of $22.96 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and PG&E Corporation (NYSE:PCG)’s gross margin stands at 74.10%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a PG&E Corporation (NYSE:PCG)’s profitability or to compare the efficiency of different investments, hence, PCG return on investment (ROI) is -18.50%.
52-Week Range
52-Week Range are valuable stats for watching PG&E Corporation (NYSE:PCG)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. PG&E Corporation (NYSE:PCG)’s stock value has moved between $5.07 – 49.91 in last one year.
Analyst’s Views
Analysts mean target price for PG&E Corporation (NYSE:PCG) is $22.04 while analysts mean recommendation is 2.70.
Stock Performance
Its weekly performance is 24.24% while year to date (YTD) performance is -3.33%.
EPS Growth
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. PG&E Corporation (NYSE:PCG)’s EPS growth this year is -479.90%. For best decision making investors should look at PG&E Corporation (NYSE:PCG)’s EPS growth for next year stands at 9.93%.
