Duke Energy (DUK) Stock Price Analysis Showing Bearish Trend

Duke Energy (DUK) stock price underperformed as it has shown a bearish market trend for nearly 1 year. Meanwhile, the stock noted its 52-week high at $113.67 in mid-August 2022 and 52-week low in mid-October 2022. Since then, the stock showed a bullish trend that only stayed almost until the beginning of this year. Although, this year’s price performance of DUK stock showed a downside trend.

DUK Stock Price Analysis

On July 10, 2023, Monday, DUK stock price showed a bearish market trend while showing 0.61% of price decline and noted closing at $89.22. During the intraday session, the opening price of the stock was $89.54, noted high at $89.84 and low at $88.56. Last week, the stock also showed 0.57% of price drop which shows an almost 3% decline in the recent 1-month.

As the above price chart shows, the pre-market price of DUK stock is at $89.25 which shows little price rise. Notably, the stock price dropped down from its 20-day moving average on Monday with bears’ dominance. Almost from the last 1-month, the stock price was trading nearly to its 20-day moving average which mostly showed bearish activity.

The 1-year price target set by the analysts is at $102.86 which is up nearly 15% from the recent closing price of DUK stock. They also have set their maximum estimate at $120.00 while the minimum estimate is at $90.00, as shown in the above chart.

The Fundamentals of Duke Energy

Duke Energy Corp. (NYSE: DUK), an American company, has a market cap of nearly $68.75 Billion with its net income in Q1 23 being $804.00 Million. The company released its Q1 2023 earnings and revenue reports on May 9, 2023, stating its reported earnings per share (EPS) is $1.20, whereas the estimate was $1.26. Its reported revenue is $7.28 Billion, while the estimate was $6.56.

For upcoming Q2 2023 reports, the estimated EPS of Duke Energy is $1.12, although the estimated revenue is expected to reach $6.40 Billion.

Last year, the revenue of Duke Energy Corporation (Holding Company) amounted to $28.77 Billion. The most of which, nearly $25.99 Billion came from its highest performing source at the moment, Electric Utilities and Infrastructure. Moreover, the U.S. has made most of its contribution to the revenue figure that last year took Duke Energy Corporation (Holding Company) to $28.77 Billion.

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