NiSource Inc. (NI) is an interesting player in the Utilities space, with a focus on Diversified Utilities. The stock has been active on the tape, currently trading at $23.89, up from yesterday’s close by 1.44%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
NiSource Inc. (NI) currently trades with a market capitalization of $8.05 Billion. That value represents a market adjusting for revenues that have been growing by 5.50 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of -$953.6 Million over the past twelve months. Generally speaking, earnings are expected to fall in coming quarters. Analysts are forecasting earnings of $0.76 on a per share basis this quarter. Perhaps, that suggests something about why 1.49% of the outstanding share supply is held by institutional investors.
As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, NiSource Inc. recorded a 52-week high of $27.76. It is now trading 3.87% off that level. The stock is trading $23.42 its 50-day moving average by -0.47%. The stock carved out a 52-week low down at $22.44.
In recent action, NiSource Inc. (NI) has made a move of +1.96% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 3.49% with $336.34 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NI.