Invesco Ltd (NYSE:IVZ) shares, rose in value, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $16.65.
Actively observing the price movement in the last trading, the stock closed the session at $16.53. The value of beta (5-year monthly) was 1.43. Referring to stock’s 52-week performance, its high was $18.71, and the low was $12.48. On the whole, IVZ has fluctuated by 5.78% over the past month.
With the market capitalization of Invesco Ltd currently standing at about $7.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 0.80, with its dividend yield at 4.80%. 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 $0.39, which is expected to increase to $0.44 for fiscal year $1.7 and then to about $1.9 by fiscal year 2025. Data indicates that the EPS growth is expected to be 12.60% in 2025, while the next year’s EPS growth is forecast to be 11.80%.
Analysts have estimated the company’s revenue for the quarter at $1.09 billion, with a low estimate of $1.07 billion and a high estimate of $1.12 billion. According to the average forecast, sales growth in current quarter could jump up 1.30%, 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 $4.48 billion, representing an increase of 3.90% 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 2 upward and no downward review(s) in last seven days. We see that IVZ’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 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of IVZ currently trading nearly 4.40% and 5.25% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.41, while the 7-day volatility ratio is showing 2.56% which for the 30-day chart, stands at 2.33%. Furthermore, Invesco Ltd (IVZ)’s beta value is 1.41, and its average true range (ATR) is 0.40.
A comparison of Invesco Ltd (IVZ) with its peers suggests the former has fared considerably weaker in the market. IVZ showed an intraday change of 0.73% in last session, and over the past year, it grew by 5.38%%.
Data on historical trading for Invesco Ltd (NYSE:IVZ) indicates that the trading volumes over the past 10 days have averaged 4.19 million and over the past 3 months, they’ve averaged 4.76 million. According to company’s latest data on outstanding shares, there are 449.50 million shares outstanding.
Nearly 2.11% of Invesco Ltd’s shares belong to company insiders and institutional investors own 84.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.04 million shares as on Mar 15, 2024, resulting in a short ratio of 1.82. According to the data, the short interest in Invesco Ltd (IVZ) stood at 1.79% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.75 million. The stock has fallen by -6.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IVZ stock heading into the next quarter.
