Weyerhaeuser Co. (NYSE:WY) price closed lower on Tuesday, April 16, dropping -2.20% below its previous close.
A look at the daily price movement shows that the last close reads $32.69. The company’s 5Y monthly beta was ticking 1.45 while its P/E ratio in the trailing 12-month period read 27.90. Taking into account the 52-week price action we note that the stock hit a 52-week high of $36.27 and 52-week low of $28.00. The stock subtracted -6.87% on its value in the past month.
Weyerhaeuser Co., which has a market valuation of $23.32 billion, is expected to release its quarterly earnings report Apr 25, 2024 – Apr 29, 2024. The company stock has a Forward Dividend ratio of 0.77, while the dividend yield is 2.41%. 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 WY 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% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 5.58. The overview shows that WY’s price is at present -8.09% off the SMA20 and -6.31% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 28.41, with weekly volatility standing at 2.19%. The indicator jumps to 1.70% when calculated based on the past 30 days. Weyerhaeuser Co. (NYSE:WY)’s beta value is holding at 1.45, while the average true range (ATR) indicator is currently reading 0.69.
An analysis of the Weyerhaeuser Co. (NYSE:WY) stock in terms of its daily trading volume indicates that the 3-month average is 3.56 million.
Current records show that the company has 729.75M in outstanding shares. The insiders’ percentage holdings are 0.37% of outstanding shares while the percentage share held by institutions stands at 85.41%. But the -7.66% 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.
