RELX Plc ADR (NYSE: RELX) Slashes -0.14%: What Could Be On The Way Going Forward?

RELX Plc ADR (NYSE:RELX) shares, rose in value on Thursday, April 04, with the stock price down by -0.14% to the previous day’s close as strong demand from buyers drove the stock to $42.11.

Actively observing the price movement in the recent trading, the stock is buoying the session at $42.17. The value of beta (5-year monthly) is 0.46 whereas the PE ratio is 36.19 over 12-month period. Referring to stock’s 52-week performance, its high was $44.75, and the low was $30.10. On the whole, RELX has fluctuated by -3.75% over the past month.

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The company’s Forward Dividend Ratio is 0.70, with its dividend yield at 1.65%.

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 RELX’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% 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 5.10, with the price of RELX currently trading nearly -2.73% and -1.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.53, while the 7-day volatility ratio is showing 0.97% which for the 30-day chart, stands at 0.81%. Furthermore, RELX Plc ADR (RELX)’s beta value is 0.83, and its average true range (ATR) is 0.47.

A comparison of RELX Plc ADR (RELX) with its peers suggests the former has fared considerably weaker in the market. RELX showed an intraday change of -0.14% in today’s session so far, and over the past year, it grew by 30.17%%.

Data on historical trading for RELX Plc ADR (NYSE:RELX) indicates that the trading volumes over the past 10 days have averaged 0.98 million and over the past 3 months, they’ve averaged 1.02 million. According to company’s latest data on outstanding shares, there are 1.88 billion shares outstanding.

Nearly 0.00% of RELX Plc ADR’s shares belong to company insiders and institutional investors own 3.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.47 million shares as on Mar 15, 2024, resulting in a short ratio of 2.39. According to the data, the short interest in RELX Plc ADR (RELX) stood at 0.15% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 2.84 million. The stock has risen by 6.18% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RELX stock heading into the next quarter.