United Parcel Service, Inc. (NYSE: UPS) Drops -0.83% In Early Trade; What Lies Ahead?

RLX

United Parcel Service, Inc. (NYSE:UPS) price is hovering lower on Wednesday, April 17, dropping -0.83% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $142.89. The company’s P/E ratio in the trailing 12-month period read 18.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $197.80 and 52-week low of $133.68. The stock subtracted -6.59% on its value in the past month.

United Parcel Service, Inc., which has a market valuation of $120.97 billion. The company stock has a Forward Dividend ratio of 6.49, while the dividend yield is 4.58%. 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 UPS a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 1.78. The overview shows that UPS’s price is at present -5.40% off the SMA20 and -5.22% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 35.86, with weekly volatility standing at 1.88%. The indicator jumps to 2.37% when calculated based on the past 30 days. United Parcel Service, Inc. (NYSE:UPS)’s beta value is holding at 1.06, while the average true range (ATR) indicator is currently reading 3.22.

An analysis of the United Parcel Service, Inc. (NYSE:UPS) stock in terms of its daily trading volume indicates that the 3-month average is 4.49 million.

Current records show that the company has 853.68M in outstanding shares. The insiders’ percentage holdings are 14.76% of outstanding shares while the percentage share held by institutions stands at 61.85%. But the -9.88% downside, 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.

Most Popular