The trading price of Colgate-Palmolive Co. (NYSE:CL) closed lower on Monday, April 01, closing at $89.06, -1.10% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 32.08, while its 5Y monthly beta was 0.41. In examining the 52-week price action we see that the stock hit a 52-week high of $90.37 and a 52-week low of $67.62. Over the past month, the stock has gained 2.94% in value.
Colgate-Palmolive Co., whose market valuation is $73.31 billion at the time of this writing, is expected to release its quarterly earnings report Apr 26, 2024. The dividend yield on the company stock is 2.16%, while its Forward Dividend ratio is 1.92. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Colgate-Palmolive Co. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest CL has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 3.83, which symbolizes a positive outlook. A quick review shows that CL’s price is currently 0.79% off the SMA20 and 3.97% off the SMA50. The RSI metric on the 14-day chart is currently showing 60.51, and weekly volatility stands at 0.93%. When measured over the past 30 days, the indicator reaches 1.06%. Colgate-Palmolive Co. (NYSE:CL)’s beta value is currently sitting at 0.41, while the Average True Range indicator is currently displaying 0.99.
To see how Colgate-Palmolive Co. stock has been performing in comparison to its peers in the industry, here are the numbers: CL stock’s performance was -1.10% in the latest trading, and 19.59% in the past year. Colgate-Palmolive Co. has a P/E ratio of 32.08.
An evaluation of the daily trading volume of Colgate-Palmolive Co. (NYSE:CL) indicates that the 3-month average is 4.66 million. However, this figure has increased over the past 10 days to an average of 3.77 million.
Currently, records show that 823.15 million of the company’s shares remain outstanding. The insiders hold 0.13% of outstanding shares, whereas institutions hold 85.26%. The stats also highlight that short interest as of Mar 15, 2024, stood at 11.66 million shares, resulting in a short ratio of 2.9 at that time. From this, we can conclude that short interest is 1.42% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 11.13 million. However, since the stock’s price has seen 11.73% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
