Avis Budget Group Inc (NASDAQ:CAR) shares, rose in value, with the stock price up by 1.19% to the previous day’s close as strong demand from buyers drove the stock to $100.75.
Actively observing the price movement in the last trading, the stock closed the session at $99.57. The PE ratio was 2.36 over 12-month period. Referring to stock’s 52-week performance, its high was $232.73, and the low was $93.53. On the whole, CAR has fluctuated by -18.24% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 11.62B, with a low estimate of 1.77B and a high estimate of 2.57B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.41B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CAR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CAR currently trading nearly -11.29% and -10.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.70, while the 7-day volatility ratio is showing 5.02% which for the 30-day chart, stands at 3.97%. Furthermore, Avis Budget Group Inc (CAR)’s beta value is 2.27, and its average true range (ATR) is 4.99.
A comparison of Avis Budget Group Inc (CAR) with its peers suggests the former has fared considerably weaker in the market. CAR showed an intraday change of 1.19% in last session, and over the past year, it shrunk by -36.23%%.
Data on historical trading for Avis Budget Group Inc (NASDAQ:CAR) indicates that the trading volumes over the past 3 months, they’ve averaged 914.99K. According to company’s latest data on outstanding shares, there are 35.00 million shares outstanding.
Nearly 3.12% of Avis Budget Group Inc’s shares belong to company insiders and institutional investors own 96.17% of the company’s shares. The stock has fallen by -43.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CAR stock heading into the next quarter.
