Dominion Energy, Inc., (NYSE: D) an American power and energy company, has a market cap of nearly $43.89 Billion. In the previous year, its revenue amounted to $17.17 Billion, most of which around $9.65 Billion came from its highest performing source at the moment, Dominion Energy Virginia.
The greatest contribution to the revenue figure was made by the United States bringing Dominion Energy, Inc $17.17 Billion, last year.
As per its earnings and revenue reports, Dominion Energy, Inc’s earnings for Q1 2023 was $0.99, whereas the estimation was $0.97, which accounts for a 1.91% surprise. The revenue for the same period amounts to $5.25 Billion despite the estimated figure of $4.46 Billion. The estimated earnings for the next quarter are $0.65, and revenue is expected to reach $3.92 Billion.
D Stock Price Analysis
D stock price closed at $52.51 with a 0.53% decline on June 27, yesterday. The opening price noted by the stock was $52.84, while high was $53.00 and low was $52.41. However, last week, the stock price showed a 0.92% price decline which opposed its one month price gain of nearly 5%.
As the above price performance chart shows, D stock price dropped from its 50-day moving average. The stock price was nearing its 20-day EMA in yesterday’s trading session. As the bears were active in the market, they dropped the stock price which further took the RSI downside.
However earlier this week, bulls tried to show their dominance, but the bullish outlook didn’t sustain for a long period and the next day, the price started following a bearish trend.
Earlier in May, when Dominion Energy Inc released its Q1 2023 earnings and revenue report, the stock had reached its 50-day EMA with bear’s dominance. As seen in the above price chart, the stock price traveled in between the 20-day and 50-day moving average from nearly the last 6-months.
According to analysts, they have set their price target at $60.08, which is up nearly 14% from the recent closing price of the stock. Their maximum estimate is at $71.00, while the minimum estimate is at $52.00. Notably, their minimum estimate is clearly nearing the recent closing price.
As per its recent month performance, D stock showed quite positive sentiments. Furthermore, its all time price performance also showed more than 350% price gain.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
Source: https://www.thecoinrepublic.com/2023/06/28/d-stock-price-showed-bears-dominance-that-took-its-price-down/