Coca-Cola Co (NYSE:KO) shares, rose in value, with the stock price up by 0.35% to the previous day’s close as strong demand from buyers drove the stock to $59.51.
Actively observing the price movement in the last trading, the stock closed the session at $59.30. The value of beta (5-year monthly) was 0.59 whereas the PE ratio was 24.10 over 12-month period. Referring to stock’s 52-week performance, its high was $64.99, and the low was $51.55. On the whole, KO has fluctuated by -0.07% over the past month.
With the market capitalization of Coca-Cola Co currently standing at about $256.56 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 30, 2024. The company’s Forward Dividend Ratio is 1.86, with its dividend yield at 3.13%. 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 $0.7, which is expected to increase to $0.83 for fiscal year $2.81 and then to about $3 by fiscal year 2025. Data indicates that the EPS growth is expected to be 4.50% in 2025, while the next year’s EPS growth is forecast to be 6.80%.
Analysts have estimated the company’s revenue for the quarter at $11.07 billion, with a low estimate of $10.9 billion and a high estimate of $11.28 billion. According to the average forecast, sales growth in current quarter could jump up 1.00%, 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 $45.81 billion, representing an increase of 0.10% 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 KO’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 3.88, with the price of KO currently trading nearly -1.34% and -0.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.20, while the 7-day volatility ratio is showing 1.22% which for the 30-day chart, stands at 0.98%. Furthermore, Coca-Cola Co (KO)’s beta value is 0.59, and its average true range (ATR) is 0.65.
A comparison of Coca-Cola Co (KO) with its peers suggests the former has fared considerably weaker in the market. KO showed an intraday change of 0.35% in last session, and over the past year, it shrunk by -4.34%%.
Data on historical trading for Coca-Cola Co (NYSE:KO) indicates that the trading volumes over the past 10 days have averaged 12.99 million and over the past 3 months, they’ve averaged 14.10 million. According to company’s latest data on outstanding shares, there are 4.31 billion shares outstanding.
Nearly 0.62% of Coca-Cola Co’s shares belong to company insiders and institutional investors own 72.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.86 million shares as on Mar 15, 2024, resulting in a short ratio of 1.68. According to the data, the short interest in Coca-Cola Co (KO) stood at 0.55% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 23.09 million. The stock has risen by 0.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KO stock heading into the next quarter.
