BCE Inc (NYSE:BCE) shares, rose in value, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $32.93.
Actively observing the price movement in the last trading, the stock closed the session at $33.17. The value of beta (5-year monthly) was 0.47 whereas the PE ratio was 19.53 over 12-month period. Referring to stock’s 52-week performance, its high was $48.38, and the low was $32.38. On the whole, BCE has fluctuated by -9.38% over the past month.
With the market capitalization of BCE Inc currently standing at about $30.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024. The company’s Forward Dividend Ratio is 2.90, with its dividend yield at 8.80%.
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 BCE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 8.49, with the price of BCE currently trading nearly -4.48% and -10.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 27.01, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 1.65%. Furthermore, BCE Inc (BCE)’s beta value is 0.58, and its average true range (ATR) is 0.62.
A comparison of BCE Inc (BCE) with its peers suggests the former has fared considerably weaker in the market. BCE showed an intraday change of -0.72% in last session, and over the past year, it shrunk by -28.92%%.
Data on historical trading for BCE Inc (NYSE:BCE) indicates that the trading volumes over the past 10 days have averaged 3.44 million and over the past 3 months, they’ve averaged 2.65 million. According to company’s latest data on outstanding shares, there are 912.27 million shares outstanding.
Nearly 0.07% of BCE Inc’s shares belong to company insiders and institutional investors own 44.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 16.17 million shares as on Mar 15, 2024, resulting in a short ratio of 5.74. According to the data, the short interest in BCE Inc (BCE) stood at 1.77% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 10.33 million. The stock has fallen by -16.38% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BCE stock heading into the next quarter.
