Howmet Aerospace Inc (NYSE:HWM) shares, rose in value, with the stock price up by 1.13% to the previous day’s close as strong demand from buyers drove the stock to $66.24.
Actively observing the price movement in the last trading, the stock closed the session at $65.50. The value of beta (5-year monthly) was 1.26 whereas the PE ratio was 36.09 over 12-month period. Referring to stock’s 52-week performance, its high was $69.55, and the low was $38.17. On the whole, HWM has fluctuated by 4.51% over the past month.
With the market capitalization of Howmet Aerospace Inc currently standing at about $27.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 0.18, with its dividend yield at 0.27%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that HWM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.85, with the price of HWM currently trading nearly 0.39% and 9.98% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.37, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 1.72%. Furthermore, Howmet Aerospace Inc (HWM)’s beta value is 1.44, and its average true range (ATR) is 1.21.
A comparison of Howmet Aerospace Inc (HWM) with its peers suggests the former has fared considerably weaker in the market. HWM showed an intraday change of 1.13% in last session, and over the past year, it grew by 68.21%%.
Data on historical trading for Howmet Aerospace Inc (NYSE:HWM) indicates that the trading volumes over the past 10 days have averaged 3.82 million and over the past 3 months, they’ve averaged 3.15 million. According to company’s latest data on outstanding shares, there are 409.91 million shares outstanding.
Nearly 1.20% of Howmet Aerospace Inc’s shares belong to company insiders and institutional investors own 91.32% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.99 million shares as on Feb 29, 2024, resulting in a short ratio of 1.55. According to the data, the short interest in Howmet Aerospace Inc (HWM) stood at 1.22% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 4.82 million. The stock has risen by 22.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HWM stock heading into the next quarter.
