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PNM
Stock ticker: NYSE
AS OF
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Capitalization
3.84B

PNM PNM Resources Forecast, Technical & Fundamental Analysis

a company which generates and distributes electricity and natural gas

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for PNM with price predictions
08:00 PM EDT Sep 21, 2023

PNM in upward trend: price rose above 50-day moving average on September 20, 2023

PNM moved above its 50-day moving average on September 20, 2023 date and that indicates a change from a downward trend to an upward trend. In of 48 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on September 19, 2023. You may want to consider a long position or call options on PNM as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for PNM just turned positive on September 20, 2023. Looking at past instances where PNM's MACD turned positive, the stock continued to rise in of 36 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PNM advanced for three days, in of 315 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PNM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PNM broke above its upper Bollinger Band on September 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for PNM entered a downward trend on September 19, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PNM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.702) is normal, around the industry mean (1.599). P/E Ratio (16.181) is within average values for comparable stocks, (21.513). Projected Growth (PEG Ratio) (3.553) is also within normal values, averaging (2.542). Dividend Yield (0.032) settles around the average of (0.051) among similar stocks. P/S Ratio (1.660) is also within normal values, averaging (3.207).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nextera Energy Inc (NYSE:NEE), Southern Company (The) (NYSE:SO), PG&E Corp (NYSE:PCG), Dominion Energy (NYSE:D), NRG Energy (NYSE:NRG).

Industry description

Electric utilities companies generate, transmit and distribute electricity to businesses/offices and residences. Companies may be owned by the government or investors or public shareholders, or a combination thereof. The industry also includes firms that buy and sell electricity. Companies in this industry typically require significant investments in infrastructure. Many firms in this industry pay substantial and regular dividends to shareholders. However, changes in interest rates (and their impact on debt burdens), natural disasters and changing commodity prices could be factors affecting energy utilities’ profit margins. NextEra Energy, Inc., Duke Energy Corporation, Dominion Energy Inc. and Southern Company are among U.S. electric utilities companies with the largest market capitalizations.

Market Cap

The average market capitalization across the Electric Utilities Industry is 16.83B. The market cap for tickers in the group ranges from 500 to 137.01B. NEE holds the highest valuation in this group at 137.01B. The lowest valued company is SLTZ at 500.

High and low price notable news

The average weekly price growth across all stocks in the Electric Utilities Industry was -1%. For the same Industry, the average monthly price growth was -2%, and the average quarterly price growth was -0%. PPWLM experienced the highest price growth at 7%, while EUSP experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Electric Utilities Industry was -72%. For the same stocks of the Industry, the average monthly volume growth was -4% and the average quarterly volume growth was 6%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 40
P/E Growth Rating: 73
Price Growth Rating: 60
SMR Rating: 79
Profit Risk Rating: 72
Seasonality Score: -16 (-100 ... +100)
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Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I. Advisor
published Earnings

PNM is expected to report earnings to rise 147.27% to $1.36 per share on October 26

PNM Resources PNM Stock Earnings Reports
Q3'23
Est.
$1.36
Q2'23
Missed
by $0.01
Q1'23
Beat
by $0.15
Q4'22
Beat
by $0.02
Q3'22
Beat
by $0.13
The last earnings report on August 04 showed earnings per share of 55 cents, missing the estimate of 56 cents. With 589.72K shares outstanding, the current market capitalization sits at 3.84B.
A.I.Advisor
published Dividends

PNM paid dividends on August 25, 2023

PNM Resources PNM Stock Dividends
А dividend of $0.37 per share was paid with a record date of August 25, 2023, and an ex-dividend date of August 10, 2023. Read more...
A.I. Advisor
published General Information

General Information

a company which generates and distributes electricity and natural gas

Industry ElectricUtilities

Profile
Fundamentals
Details
Industry
Electric Utilities
Address
414 Silver Avenue SW
Phone
+1 505 241-2700
Employees
1537
Web
https://www.pnmresources.com
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PNM and

Correlation & Price change

A.I.dvisor indicates that over the last year, PNM has been loosely correlated with IDA. These tickers have moved in lockstep 56% of the time. This A.I.-generated data suggests there is some statistical probability that if PNM jumps, then IDA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PNM
1D Price
Change %
PNM100%
-0.20%
IDA - PNM
56%
Loosely correlated
+0.54%
HE - PNM
55%
Loosely correlated
-1.41%
AGR - PNM
43%
Loosely correlated
+0.03%
OGE - PNM
42%
Loosely correlated
-0.43%
AEE - PNM
41%
Loosely correlated
+0.11%
More

Groups containing PNM

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To PNM
1D Price
Change %
PNM100%
-0.20%
electricity
(undefined stocks)
42%
Loosely correlated
-0.10%
electric power
(undefined stocks)
42%
Loosely correlated
-0.17%
utility
(undefined stocks)
42%
Loosely correlated
-0.21%
Utilities
(undefined stocks)
38%
Loosely correlated
-0.21%
Electric Utilities
(undefined stocks)
36%
Loosely correlated
-0.19%
More