BHP Group Limited ADR (NYSE: BHP) Is A Promising Stock

BHP Group Limited ADR (NYSE:BHP) traded at $59.15 at last check on Monday, April 08, made an upward move of 2.59% on its previous day’s price.

Looking at the stock we see that its previous close was $57.66 and the beta (5Y monthly) reads 0.85. The company has a trailing 12-month PE ratio of 20.38. In terms of its 52-week price range, BHP has a high of $69.11 and a low of $54.28. The company’s stock has gained about 2.31% over that past 30 days.

BHP Group Limited ADR has a market cap of $149.88 billion. With its Forward Dividend at 3.04 and a yield of 5.14%, the company’s investors could be anxious for the BHP stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BHP stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 50% Sell.

Looking further, we note the current price level is 3.44% off its SMA20 and 1.04% from its 50-day simple moving average. The RSI (14) is pointing at 57.10 while the volatility over the past week is 1.47% and jumps to 1.41% over the past one month. The beta value is 1.08, while the average true range (ATR) is currently pointing at 1.04.

Coming back to BHP Group Limited ADR (NYSE:BHP), we note that the average 3-month trading volume was 2.59 million, while that of the preceding 10-day period stands at 2.71 million. Current shares outstanding are 2.53 billion.

The insiders hold 0.00% of the company’s shares while institutions hold 3.82%. The data shows that short shares as of Mar 15, 2024, stood at 10.48 million at a short ratio of 3.72. This represents a 0.40% short interest in shares outstanding on Mar 15, 2024. Shares short rose in March from the previous month at 9.97 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -13.40% down in year-to-date price movement.

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