PNM Resources (Holding Co.) (PNM) has risen sharply, recording gains of 1.93% in the past 4 weeks. However, the stock has corrected -5.19% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.48% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.45% and the 50-Day Moving Average is 1.03%.The 200 Day SMA reached 1.16%
PNM Resources (Holding Co.) (NYSE:PNM): The stock opened in the green at $32.95 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $33.41 and a low of $32.5 for the day. The stock did not find buyers even at the lows and closed at $32.72 recording a loss of -1.56%. 822,931 shares exchanged hands during the trading day. The stock had closed at $32.72 in the previous days trading.
PNM Resources (Holding Co.) (PNM) : The highest short term price target forecast on PNM Resources (Holding Co.) (PNM) is $38 and the lowest target price is $35. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $36.25 with a standard deviation of $1.08.
PNM Resources, Inc. (PNMR) is an investor-owned holding company of energy and energy-related businesses. The Companys business segments include PNM, TNMP and Corporate and Other. PNM is an electric utility that provides electric generation, transmission, and distribution service to its rate-regulated customers. TNMP is an electric utility providing regulated transmission and distribution services in Texas under the provisions of Texas Electric Choice Act (TECA) and the Texas Public Utility Regulatory Act. The Corporate and Other segment includes PNMR holding company activities, primarily related to corporate level debt and PNMR Services Company. The Companys primary subsidiaries include Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP).