Waste Management, Inc. (NYSE:WM) shares, rose in value on Thursday, April 25, with the stock price down by -0.36% to the previous day’s close as strong demand from buyers drove the stock to $209.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $210.43. The PE ratio was 34.31 over 12-month period. Referring to stock’s 52-week performance, its high was $214.54, and the low was $149.71. On the whole, WM has fluctuated by -0.99% over the past month.
The company’s Forward Dividend Ratio is 2.85, with its dividend yield at 1.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 21.74B, with a low estimate of 5.42B and a high estimate of 5.54B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.47B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WM’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 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 3.43, with the price of WM currently trading nearly 0.71% and 0.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.69, while the 7-day volatility ratio is showing 1.04% which for the 30-day chart, stands at 1.08%. Furthermore, Waste Management, Inc. (WM)’s beta value is 0.72, and its average true range (ATR) is 2.59.
A comparison of Waste Management, Inc. (WM) with its peers suggests the former has fared considerably weaker in the market. WM showed an intraday change of -0.36% in today’s session so far, and over the past year, it grew by 26.64%%.
Data on historical trading for Waste Management, Inc. (NYSE:WM) indicates that the trading volumes over the past 3 months, they’ve averaged 1.72 million. According to company’s latest data on outstanding shares, there are 401.46 million shares outstanding.
Nearly 0.24% of Waste Management, Inc.’s shares belong to company insiders and institutional investors own 83.00% of the company’s shares. The stock has risen by 17.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WM stock heading into the next quarter.
