CNH Industrial NV (NYSE:CNHI) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $12.82.
Actively observing the price movement in the last trading, the stock closed the session at $12.82. The value of beta (5-year monthly) was 1.70 whereas the PE ratio was 7.30 over 12-month period. Referring to stock’s 52-week performance, its high was $15.74, and the low was $9.77. On the whole, CNHI has fluctuated by 9.57% over the past month.
With the market capitalization of CNH Industrial NV currently standing at about $16.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 03, 2024 – May 07, 2024. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 3.10%. 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 $0.27, which is expected to increase to $0.48 for fiscal year $1.55 and then to about $1.6 by fiscal year 2025. Data indicates that the EPS growth is expected to be -8.80% in 2025, while the next year’s EPS growth is forecast to be 3.20%.
Analysts have estimated the company’s revenue for the quarter at $4.37 billion, with a low estimate of $3.75 billion and a high estimate of $5.23 billion. According to the average forecast, sales growth in current quarter could jump down -13.90%, 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 $21.3 billion, representing a decrease of -13.70% 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 CNHI’s technical picture suggests that short-term indicators denote the stock is a 100% 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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.99, with the price of CNHI currently trading nearly 2.47% and 4.69% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.22, while the 7-day volatility ratio is showing 2.38% which for the 30-day chart, stands at 2.33%. Furthermore, CNH Industrial NV (CNHI)’s beta value is 1.65, and its average true range (ATR) is 0.29.
A comparison of CNH Industrial NV (CNHI) with its peers suggests the former has fared considerably weaker in the market. CNHI showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -12.67%%.
Data on historical trading for CNH Industrial NV (NYSE:CNHI) indicates that the trading volumes over the past 10 days have averaged 8.89 million and over the past 3 months, they’ve averaged 12.02 million. According to company’s latest data on outstanding shares, there are 1.29 billion shares outstanding.
Nearly 32.70% of CNH Industrial NV’s shares belong to company insiders and institutional investors own 62.55% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.93 million shares as on Mar 15, 2024, resulting in a short ratio of 2.3. According to the data, the short interest in CNH Industrial NV (CNHI) stood at 2.08% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 28.67 million. The stock has risen by 5.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNHI stock heading into the next quarter.
