Nutrien Ltd (NYSE:NTR) shares, rose in value, with the stock price up by 1.01% to the previous day’s close as strong demand from buyers drove the stock to $56.76.
Actively observing the price movement in the last trading, the stock closed the session at $56.19. The value of beta (5-year monthly) was 0.97 whereas the PE ratio was 22.50 over 12-month period. Referring to stock’s 52-week performance, its high was $75.29, and the low was $47.90. On the whole, NTR has fluctuated by 8.20% over the past month.
With the market capitalization of Nutrien Ltd currently standing at about $28.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 08, 2024 – May 13, 2024. The company’s Forward Dividend Ratio is 2.13, with its dividend yield at 3.75%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.41, which is expected to increase to $2.74 for fiscal year $4.02 and then to about $4.44 by fiscal year 2025. Data indicates that the EPS growth is expected to be -9.50% in 2025, while the next year’s EPS growth is forecast to be 10.40%.
Analysts have estimated the company’s revenue for the quarter at $5.31 billion, with a low estimate of $5.04 billion and a high estimate of $5.77 billion. According to the average forecast, sales growth in current quarter could jump down -10.20%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $27.6 billion, representing a decrease of -1.70% from the revenues reported in the last year’s results.
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 NTR’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% Sell while long term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NTR currently trading nearly 5.58% and 8.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.29, while the 7-day volatility ratio is showing 2.44% which for the 30-day chart, stands at 2.11%. Furthermore, Nutrien Ltd (NTR)’s beta value is 0.89, and its average true range (ATR) is 1.26.
A comparison of Nutrien Ltd (NTR) with its peers suggests the former has fared considerably weaker in the market. NTR showed an intraday change of 1.01% in last session, and over the past year, it shrunk by -22.29%%.
Data on historical trading for Nutrien Ltd (NYSE:NTR) indicates that the trading volumes over the past 10 days have averaged 2.56 million and over the past 3 months, they’ve averaged 2.12 million. According to company’s latest data on outstanding shares, there are 494.55 million shares outstanding.
Nearly 0.04% of Nutrien Ltd’s shares belong to company insiders and institutional investors own 70.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.12 million shares as on Mar 15, 2024, resulting in a short ratio of 1.48. According to the data, the short interest in Nutrien Ltd (NTR) stood at 0.63% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 1.61 million. The stock has risen by 0.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NTR stock heading into the next quarter.
