Is eqt good buy now


Aime
EQT is not currently a good buy. Here's why:
- Financial Performance: EQT's recent financials show a decline in revenue and net income. The company's revenue growth rate is -6.5%, and the net income growth rate is 113.82%. However, the diluted EPS has decreased by 91.3%, which is a significant red flag.
- Growth Prospects: The 3-year revenue CAGR is not available, and the net income CAGR is not applicable due to the significant fluctuation in net income. The diluted EPS CAGR is not available, which makes it difficult to assess the sustainability of the earnings.
- Valuation Metrics: The P/E ratio is 22.91, the P/B ratio is 1.68, and the P/S ratio is 1.68. These metrics suggest that the stock may be overvalued compared to its earnings and sales.
- Technical Indicators: The RSI is 67.2, which is close to the overbought territory but not yet indicating a sell signal. The MACD is -0.18, and the KDJ is 88.49, both of which suggest a bullish momentum.
- Analyst Ratings: The consensus rating is "Strong Buy" with an average price target of $44, which is higher than the current trading price. However, the rating firm's actions show some caution, with raises and maintains happening, but no significant changes in price targets1.
- Recent Performance: EQT's stock price has experienced a drop of -0.66% following a neutral rating action, which indicates a potential negative market reaction to the company's financial results or analyst actions.
- Market Sentiment: There is a bearish sentiment among hedge funds and insiders, with a significant hedge fund position ratio and insider ownership percentage not available.
- Future Outlook: The company's achievement of net zero Scope 1 and Scope 2 greenhouse gas emissions targets ahead of 2025 is a positive step towards sustainability. However, the ongoing concerns about financial performance and market sentiment suggest that investors should exercise caution.
In conclusion, EQT's current financial performance, valuation metrics, and market sentiment suggest that the stock is not a good buy at this time. Investors should consider the company's growth prospects and valuation in the context of its financial performance and market conditions.
Source:
1.
EQT Analyst Price Target
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