Howmet Aerospace Inc (NYSE:HWM) price closed higher on Tuesday, April 16, jumping 0.83% above its previous close.
A look at the daily price movement shows that the last close reads $63.49. The company’s P/E ratio in the trailing 12-month period read 34.88. Taking into account the 52-week price action we note that the stock hit a 52-week high of $69.55 and 52-week low of $42.17. The stock subtracted -3.35% on its value in the past month.
Howmet Aerospace Inc, which has a market valuation of $26.14 billion. The company stock has a Forward Dividend ratio of 0.18, while the dividend yield is 0.28%. 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 HWM 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 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.98. The overview shows that HWM’s price is at present -3.70% off the SMA20 and -1.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 41.99, with weekly volatility standing at 2.59%. The indicator jumps to 1.93% when calculated based on the past 30 days. Howmet Aerospace Inc (NYSE:HWM)’s beta value is holding at 1.44, while the average true range (ATR) indicator is currently reading 1.37.
An analysis of the Howmet Aerospace Inc (NYSE:HWM) stock in terms of its daily trading volume indicates that the 3-month average is 3.47 million.
Current records show that the company has 409.91M in outstanding shares. The insiders’ percentage holdings are 1.20% of outstanding shares while the percentage share held by institutions stands at 91.89%. But the 18.29% upside, 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.
