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NI’s 52-Week Rollercoaster: From $22.86 to $28.95 – What’s Next for Investors?

NiSource Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $28.95 on 05/10/23, while the lowest price during the same period was $22.86 on 10/03/23.

52-week price history of NI Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. NiSource Inc’s current trading price is -7.36% away from its 52-week high, while its distance from the 52-week low is 17.32%. The stock’s price range during this period has fluctuated between $22.86 and $28.95. Shares of the company, which operates in the Utilities sector, recorded a trading volume of around 4.19 million for the day, which was evidently lower than the average daily volume of 4.35 million over the last three months.

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Financial Performance and Market Capitalization

NiSource Inc (NI) has experienced a quarterly rise of 1.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 12.00B and boasts a workforce of 7411 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 26.00, with a change in price of +0.69. Similarly, NiSource Inc recorded 5,031,767 in trading volume during the last 100 days, posting a change of +2.64%.

NI Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NI stands at 1.71. Similarly, the long-term debt-to-equity ratio is also 1.34.

NI Stock Stochastic Average

The raw stochastic average for NiSource Inc over the last 50 days is presently at 74.72%. This reflects a drop from the raw stochastic average of the previous 20 days, which was noted at 81.98%. Further, the company’s Stochastic %K and %D values for the last 20 days were 89.78% and 92.51%, respectively.

NI Stock Price Performance Analysis

A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded an increase of 1.02%. However, over the last six months, the performance has been stronger by -0.96%. The price of NI increased 6.22% over the last 30 days. And in the last five days, it has surged by 0.86%.

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