Caterpillar Inc. (NYSE:CAT) shares, rose in value on Thursday, April 25, with the stock price down by -6.78% to the previous day’s close as strong demand from buyers drove the stock to $338.86.
Actively observing the price movement in the recent trading, the stock is buoying the session at $363.52. The PE ratio was 16.82 over 12-month period. Referring to stock’s 52-week performance, its high was $382.01, and the low was $204.04. On the whole, CAT has fluctuated by -4.92% over the past month.
The company’s Forward Dividend Ratio is 5.20, with its dividend yield at 1.53%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 67.48B, with a low estimate of 15.22B and a high estimate of 16.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 16.04B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAT’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.33, with the price of CAT currently trading nearly -7.40% and -2.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.26, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 2.25%. Furthermore, Caterpillar Inc. (CAT)’s beta value is 1.16, and its average true range (ATR) is 9.99.
A comparison of Caterpillar Inc. (CAT) with its peers suggests the former has fared considerably weaker in the market. CAT showed an intraday change of -6.78% in today’s session so far, and over the past year, it grew by 54.99%%.
Data on historical trading for Caterpillar Inc. (NYSE:CAT) indicates that the trading volumes over the past 3 months, they’ve averaged 2.41 million. According to company’s latest data on outstanding shares, there are 499.38 million shares outstanding.
Nearly 0.20% of Caterpillar Inc.’s shares belong to company insiders and institutional investors own 72.34% of the company’s shares. The stock has risen by 14.61% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAT stock heading into the next quarter.
