Is British American Tobacco Plc ADR (NYSE) Bullish Or Bearish In 2024?

British American Tobacco Plc ADR (NYSE:BTI) shares, rose in value on Thursday, April 04, with the stock price down by -0.68% to the previous day’s close as strong demand from buyers drove the stock to $29.90.

Actively observing the price movement in the recent trading, the stock is buoying the session at $30.10. The value of beta (5-year monthly) is 0.24. Referring to stock’s 52-week performance, its high was $37.65, and the low was $28.35. On the whole, BTI has fluctuated by 1.61% over the past month.

The company’s Forward Dividend Ratio is 2.92, with its dividend yield at 9.78%.

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 BTI’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of BTI currently trading nearly -1.29% and -0.84% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.92, while the 7-day volatility ratio is showing 0.90% which for the 30-day chart, stands at 1.22%. Furthermore, British American Tobacco Plc ADR (BTI)’s beta value is 0.54, and its average true range (ATR) is 0.41.

A comparison of British American Tobacco Plc ADR (BTI) with its peers suggests the former has fared considerably weaker in the market. BTI showed an intraday change of -0.68% in today’s session so far, and over the past year, it shrunk by -16.19%%.

Data on historical trading for British American Tobacco Plc ADR (NYSE:BTI) indicates that the trading volumes over the past 10 days have averaged 4.55 million and over the past 3 months, they’ve averaged 4.84 million. According to company’s latest data on outstanding shares, there are 2.23 billion shares outstanding.

Nearly 0.00% of British American Tobacco Plc ADR’s shares belong to company insiders and institutional investors own 6.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.21 million shares as on Mar 15, 2024, resulting in a short ratio of 1.23. According to the data, the short interest in British American Tobacco Plc ADR (BTI) stood at 0.23% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.49 million. The stock has risen by 2.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BTI stock heading into the next quarter.

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