Coca-Cola Co (NYSE:KO) shares, rose in value, with the stock price up by 1.50% to the previous day’s close as strong demand from buyers drove the stock to $61.55.
Actively observing the price movement in the last trading, the stock closed the session at $60.64. The PE ratio was 24.93 over 12-month period. Referring to stock’s 52-week performance, its high was $64.99, and the low was $51.55. On the whole, KO has fluctuated by 1.90% over the past month.
The company’s Forward Dividend Ratio is 1.86, with its dividend yield at 3.03%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KO’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% 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 4.13, with the price of KO currently trading nearly 3.23% and 2.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.65, while the 7-day volatility ratio is showing 1.70% which for the 30-day chart, stands at 1.20%. Furthermore, Coca-Cola Co (KO)’s beta value is 0.58, and its average true range (ATR) is 0.78.
A comparison of Coca-Cola Co (KO) with its peers suggests the former has fared considerably weaker in the market. KO showed an intraday change of 1.50% in last session, and over the past year, it shrunk by -3.75%%.
Data on historical trading for Coca-Cola Co (NYSE:KO) indicates that the trading volumes over the past 3 months, they’ve averaged 14.19 million. According to company’s latest data on outstanding shares, there are 4.31 billion shares outstanding.
Nearly 0.62% of Coca-Cola Co’s shares belong to company insiders and institutional investors own 72.58% of the company’s shares. The stock has risen by 4.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KO stock heading into the next quarter.
