$Edenor S.A.(EDN)$ πΊπ ±οΈππ »π »π Έππ ·π
I opened positions Post-Market. I plan to trade a short-medium term swing $40-$42, maybe sell the top and buy the dip again. Will see what happens on Monday market. Insider buyer hot π₯π₯π₯
Source: MarketBeat
Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima operates as a subsidiary of Empresa de EnergΓa del Cono Sur SA.
Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima (NYSE:EDN - Get Free Report) saw unusually-high trading volume on Friday . Approximately 49,560 shares changed hands during mid-day trading, a decline of 40% from the previous session's volume of 83,095 shares.The stock last traded at $31.46 and had previously closed at $29.10.
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Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima Stock Up 7.0 %
The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.63 and a current ratio of 0.76. The stock has a market capitalization of $1.41 billion, a PE ratio of 3.96 and a beta of 1.39. The business has a 50 day moving average of $22.78 and a two-hundred day moving average of $18.98.
Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima (NYSE:EDN - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The utilities provider reported $1.46 EPS for the quarter, beating the consensus estimate of ($0.05) by $1.51. Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima had a net margin of 17.06% and a return on equity of 31.06%. The business had revenue of $551.43 million during the quarter. During the same period in the previous year, the company posted ($0.48) earnings per share. Analysts predict that Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima will post 0.05 EPS for the current year.
Institutional Trading of Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima
A number of institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its stake in Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima by 1,488.0% in the 1st quarter. BNP Paribas Financial Markets now owns 3,176 shares of the utilities provider's stock worth $56,000 after purchasing an additional 2,976 shares in the last quarter. Ping Capital Management Inc. acquired a new stake in shares of Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima during the second quarter worth $941,000. Finally, Helikon Investments Ltd grew its holdings in shares of Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima by 45.5% during the second quarter. Helikon Investments Ltd now owns 502,260 shares of the utilities provider's stock valued at $8,232,000 after buying an additional 157,042 shares during the last quarter. Institutional investors and hedge funds own 1.64% of the company's stock.
Helikon Investments Ltd Purchases 307,642 Shares of Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima (NYSE:EDN)
The fund owned 809,902 shares of the utilities provider's stock after acquiring an additional 307,642 shares during the quarter. Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima comprises 1.6% of Helikon Investments Ltd's portfolio, making the stock its 12th biggest holding. Helikon Investments Ltd owned 1.79% of Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima worth $17,947,000 as of its most recent SEC filing.
Separately, Ping Capital Management Inc. bought a new position in Empresa Distribuidora y Comercializadora Norte Sociedad AnΓ³nima during the 2nd quarter worth $941,000. 1.64% of the stock is currently owned by institutional investors and hedge funds.
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Stock Analysis for Edenor S.A. (EDN)
Company Overview: Edenor S.A. is involved in the distribution and sale of electricity in Argentina. The company was incorporated in 1992 and is based in Buenos Aires, Argentina. It operates as a subsidiary of Empresa de EnergΓa del Cono Sur SA.
Earnings Forecast: According to the earnings forecast, the company is expected to have the following financial performance in the upcoming years:
2024FY: Forecast EPS of $0.25, forecast gross income of $1.93 billion, and forecasting EBIT of $89.87 million.
2025FY: Forecast EPS of $1.24, forecast gross income of $2.88 billion, and forecasting EBIT of $457.63 million.
2026FY: Forecast EPS of $6.35, forecast gross income of $2.70 billion, and forecasting EBIT of $626.59 million.
Analyst Recommendation and Target Price: Analysts have provided the following recommendations for the stock:
2 analysts recommend the stock.
1 analyst recommends buying the stock.
As for the target price, 3 analysts have forecasted it. The mean target estimate is $30.33, with a low estimate of $26.00 and a high estimate of $35.00.
Capital Flow Data (5 Day): The recent capital flow data for the stock shows the following:
10-25: Net outflow of -52.71 thousand units (K).
10-28: Net inflow of 261.88 thousand units (K).
10-29: Net inflow of 74.99 thousand units (K).
10-30: Net inflow of 283.49 thousand units (K).
10-31: Net inflow of 122.66 thousand units (K).
Profiteer Ratio: The latest profiteer ratio for Edenor S.A. is 1.0.
Average Cost: The average cost of the stock as of 2024-10-31 is $24.85.
Recent Earnings Results: The earnings results for the company's 2024Q2 are as follows:
EPS: 54.02
Return on Equity (ROE): 23.45%
Gross Profit Margin: 27.05%
Quick Ratio: 0.62
Current Ratio: 0.76
Total Asset Turnover: 0.64
Inventory Turnover: 13.82
Return on Investment: 10.99%
Operating Cash Flow to Current Liabilities Ratio: 0.22
Fixed Asset Turnover: 0.81
Accounts Receivable Turnover Ratio: 7.06
Net Assets per Share: 1.02k
Total Liabilities to Total Assets Ratio: 19.60%
Net Profit Margin: 10.82%
Latest Stock Price: The stock price for Edenor S.A. on 2024-11-02 is $31.12.
Analysis Summary:Based on the analysis, here are the key points to consider for Edenor S.A. (EDN):
The company is involved in the distribution and sale of electricity in Argentina.
The earnings forecast shows potential growth in the coming years, with increasing EPS and gross income.
Analysts recommend the stock, and the target price estimates range from $26.00 to $35.00.
The recent capital flow data indicates net inflows in the past five days.
The stock has shown a profiteer ratio of 1.0, indicating potential profitability.
The average cost of the stock is $24.85.
The recent earnings results demonstrate positive financial indicators.
The latest stock price is $31.12.
Risk Disclaimer:Please note that the information provided above is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is essential to conduct thorough research and consider your risk tolerance before making any investment decisions.
Sources: The information provided is based on the data and analysis obtained from reliable sources such as MarketBeat and the company's financial reports.
An interesting read BC as I know nothing about the Argentina π¦π· market, thank you π
Looks great on the chart for a trade BC! β‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈβ‘οΈπ
Great article BC!
Great article, would you like to share it?
Great article, would you like to share it?