Caterpillar Inc. (NYSE:CAT) price is hovering lower on Wednesday, April 17, dropping -0.41% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $359.88. The company’s P/E ratio in the trailing 12-month period read 17.79. Taking into account the 52-week price action we note that the stock hit a 52-week high of $382.01 and 52-week low of $204.04. The stock added 1.85% on its value in the past month.
Caterpillar Inc., which has a market valuation of $178.98 billion. The company stock has a Forward Dividend ratio of 5.10, while the dividend yield is 1.42%. 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 CAT 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 100% 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 1.41. The overview shows that CAT’s price is at present -1.92% off the SMA20 and 4.29% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 49.95, with weekly volatility standing at 2.40%. The indicator jumps to 2.11% when calculated based on the past 30 days. Caterpillar Inc. (NYSE:CAT)’s beta value is holding at 1.16, while the average true range (ATR) indicator is currently reading 7.74.
An analysis of the Caterpillar Inc. (NYSE:CAT) stock in terms of its daily trading volume indicates that the 3-month average is 2.43 million.
Current records show that the company has 499.38M in outstanding shares. The insiders’ percentage holdings are 0.20% of outstanding shares while the percentage share held by institutions stands at 72.38%. But the 21.22% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
