Newjersey Resources Stock Price on August 30, 2024
| NJR Stock | USD 51.61 0.90 1.77% |
Below is the normalized historical share price chart for NewJersey Resources extending back to November 05, 1984. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of NewJersey Resources stands at 51.61, as last reported on the 28th of November, with the highest price reaching 51.95 and the lowest price hitting 49.87 during the day.
If you're considering investing in NewJersey Stock, it is important to understand the factors that can impact its price. Currently, NewJersey Resources is very steady. NewJersey Resources has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for NewJersey Resources, which you can use to evaluate the volatility of the firm. Please verify NewJersey Resources' Mean Deviation of 0.8331, downside deviation of 0.8757, and Risk Adjusted Performance of 0.1487 to check out if the risk estimate we provide is consistent with the expected return of 0.19%.
At this time, NewJersey Resources' Total Stockholder Equity is relatively stable compared to the past year. As of 11/28/2024, Common Stock Total Equity is likely to grow to about 291.8 M, though Other Stockholder Equity is likely to grow to (4.2 B). . At this time, NewJersey Resources' Price To Sales Ratio is relatively stable compared to the past year. As of 11/28/2024, Price Book Value Ratio is likely to grow to 1.72, while Price To Operating Cash Flows Ratio is likely to drop 5.81. NewJersey Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 30th of December 1987 | 200 Day MA 44.5503 | 50 Day MA 47.0426 | Beta 0.612 |
NewJersey |
Sharpe Ratio = 0.1816
| Best Portfolio | Best Equity | |||
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| Small Returns | NJR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.05 actual daily | 9 91% of assets are more volatile |
Expected Return
| 0.19 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average NewJersey Resources is performing at about 14% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NewJersey Resources by adding it to a well-diversified portfolio.
Price Book 2.3608 | Enterprise Value Ebitda 12.6803 | Price Sales 2.9636 | Shares Float 95.8 M | Wall Street Target Price 52.2857 |
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NewJersey Resources Valuation on August 30, 2024
It is possible to determine the worth of NewJersey Resources on a given historical date. On August 30, 2024 NewJersey was worth 45.42 at the beginning of the trading date compared to the closed value of 45.87. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NewJersey Resources stock. Still, in general, we apply an absolute valuation method to find NewJersey Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of NewJersey Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NewJersey Resources' related companies.
| Open | High | Low | Close | Volume | |
| 45.32 | 45.35 | 44.90 | 45.22 | 479,466 | |
08/30/2024 | 45.42 | 45.90 | 45.25 | 45.87 | 565,085 |
| 45.72 | 46.10 | 45.72 | 45.87 | 347,340 |
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NewJersey Resources Trading Date Momentum on August 30, 2024
| On September 03 2024 NewJersey Resources was traded for 45.87 at the closing time. Highest NewJersey Resources's price during the trading hours was 46.10 and the lowest price during the day was 45.72 . The net volume was 347.3 K. The overall trading history on the 3rd of September did not cause price change. The trading delta at closing time to current price is 0.68% . |
NewJersey Resources Fundamentals Correlations and Trends
By evaluating NewJersey Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among NewJersey Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NewJersey financial account trend analysis is a perfect complement when working with valuation or volatility modules.About NewJersey Resources Stock history
NewJersey Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for NewJersey is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NewJersey Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing NewJersey Resources stock prices may prove useful in developing a viable investing in NewJersey Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 99.3 M | 85.4 M | |
| Net Income Applicable To Common Shares | 304.4 M | 319.7 M |
NewJersey Resources Stock Technical Analysis
NewJersey Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
NewJersey Resources Period Price Range
Low | November 28, 2024
| High |
0.00 | 0.00 |
NewJersey Resources cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
NewJersey Resources November 28, 2024 Market Strength
Market strength indicators help investors to evaluate how NewJersey Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading NewJersey Resources shares will generate the highest return on investment. By undertsting and applying NewJersey Resources stock market strength indicators, traders can identify NewJersey Resources entry and exit signals to maximize returns
NewJersey Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for NewJersey Resources' price direction in advance. Along with the technical and fundamental analysis of NewJersey Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NewJersey to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1487 | |||
| Jensen Alpha | 0.1162 | |||
| Total Risk Alpha | 0.0318 | |||
| Sortino Ratio | 0.0842 | |||
| Treynor Ratio | 0.2994 |
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Additional Tools for NewJersey Stock Analysis
When running NewJersey Resources' price analysis, check to measure NewJersey Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NewJersey Resources is operating at the current time. Most of NewJersey Resources' value examination focuses on studying past and present price action to predict the probability of NewJersey Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NewJersey Resources' price. Additionally, you may evaluate how the addition of NewJersey Resources to your portfolios can decrease your overall portfolio volatility.