International Paper Co. (NYSE:IP) price closed lower on Tuesday, April 16, dropping -2.34% below its previous close.
A look at the daily price movement shows that the last close reads $36.77. The company’s 5Y monthly beta was ticking 0.98 while its P/E ratio in the trailing 12-month period read 41.83. Taking into account the 52-week price action we note that the stock hit a 52-week high of $41.28 and 52-week low of $29.00. The stock subtracted -1.21% on its value in the past month.
International Paper Co., which has a market valuation of $12.44 billion, is expected to release its quarterly earnings report Apr 25, 2024. The company stock has a Forward Dividend ratio of 1.85, while the dividend yield is 5.15%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give IP a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.18. The overview shows that IP’s price is at present -6.83% off the SMA20 and -1.55% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.77, with weekly volatility standing at 2.73%. The indicator jumps to 3.40% when calculated based on the past 30 days. International Paper Co. (NYSE:IP)’s beta value is holding at 0.99, while the average true range (ATR) indicator is currently reading 1.09.
An analysis of the International Paper Co. (NYSE:IP) stock in terms of its daily trading volume indicates that the 3-month average is 4.82 million.
Current records show that the company has 346.04M in outstanding shares. The insiders’ percentage holdings are 1.39% of outstanding shares while the percentage share held by institutions stands at 90.56%. But the -0.66% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
