Rio Tinto plc ADR (NYSE:RIO) shares, rose in value on Friday, April 05, with the stock price down by -0.47% to the previous day’s close as strong demand from buyers drove the stock to $63.01.
Actively observing the price movement in the recent trading, the stock is buoying the session at $63.30. The value of beta (5-year monthly) is 0.65 whereas the PE ratio is 10.26 over 12-month period. Referring to stock’s 52-week performance, its high was $75.09, and the low was $58.27. On the whole, RIO has fluctuated by -2.85% over the past month.
The company’s Forward Dividend Ratio is 4.35, with its dividend yield at 6.90%.
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 RIO’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of RIO currently trading nearly -0.35% and -4.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.35, while the 7-day volatility ratio is showing 1.59% which for the 30-day chart, stands at 1.43%. Furthermore, Rio Tinto plc ADR (RIO)’s beta value is 0.73, and its average true range (ATR) is 1.17.
A comparison of Rio Tinto plc ADR (RIO) with its peers suggests the former has fared considerably weaker in the market. RIO showed an intraday change of -0.47% in today’s session so far, and over the past year, it shrunk by -5.86%%.
Data on historical trading for Rio Tinto plc ADR (NYSE:RIO) indicates that the trading volumes over the past 10 days have averaged 2.99 million and over the past 3 months, they’ve averaged 2.88 million. According to company’s latest data on outstanding shares, there are 1.25 billion shares outstanding.
Nearly 0.00% of Rio Tinto plc ADR’s shares belong to company insiders and institutional investors own 10.59% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.73 million shares as on Mar 15, 2024, resulting in a short ratio of 1.93. According to the data, the short interest in Rio Tinto plc ADR (RIO) stood at 0.39% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.08 million. The stock has fallen by -15.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIO stock heading into the next quarter.
