Walmart Inc (NYSE:WMT) shares, rose in value, with the stock price up by 0.59% to the previous day’s close as strong demand from buyers drove the stock to $59.85.
Actively observing the price movement in the last trading, the stock closed the session at $59.50. The value of beta (5-year monthly) was 0.50 whereas the PE ratio was 31.28 over 12-month period. Referring to stock’s 52-week performance, its high was $61.65, and the low was $48.34. On the whole, WMT has fluctuated by -1.19% over the past month.
With the market capitalization of Walmart Inc currently standing at about $481.96 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 16, 2024. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 3.20%. 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 $0.52, which is expected to increase to $0.66 for fiscal year $2.35 and then to about $2.59 by fiscal year 2026. Data indicates that the EPS growth is expected to be 5.90% in 2026, while the next year’s EPS growth is forecast to be 10.20%.
Analysts have estimated the company’s revenue for the quarter at $159.32 billion, with a low estimate of $157.59 billion and a high estimate of $160.75 billion. Wall Street analysts also predicted that in 2026, the company’s y-o-y revenues would reach $673.42 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 no upward and no downward review(s) in last seven days. We see that WMT’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 100% 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 3.91, with the price of WMT currently trading nearly -1.15% and 2.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.09, while the 7-day volatility ratio is showing 1.24% which for the 30-day chart, stands at 1.12%. Furthermore, Walmart Inc (WMT)’s beta value is 0.50, and its average true range (ATR) is 0.71.
A comparison of Walmart Inc (WMT) with its peers suggests the former has fared considerably weaker in the market. WMT showed an intraday change of 0.59% in last session, and over the past year, it grew by 21.95%%.
Data on historical trading for Walmart Inc (NYSE:WMT) indicates that the trading volumes over the past 10 days have averaged 15.05 million and over the past 3 months, they’ve averaged 20.14 million. According to company’s latest data on outstanding shares, there are 8.05 billion shares outstanding.
Nearly 46.32% of Walmart Inc’s shares belong to company insiders and institutional investors own 34.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.59 million shares as on Mar 15, 2024, resulting in a short ratio of 1.26. According to the data, the short interest in Walmart Inc (WMT) stood at 0.42% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 38.07 million. The stock has risen by 13.89% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WMT stock heading into the next quarter.
