Moody’s Corp. (NYSE:MCO) shares, rose in value, with the stock price up by 0.25% to the previous day’s close as strong demand from buyers drove the stock to $376.13.
Actively observing the price movement in the last trading, the stock closed the session at $375.18. The value of beta (5-year monthly) was 1.26 whereas the PE ratio was 43.06 over 12-month period. Referring to stock’s 52-week performance, its high was $407.62, and the low was $296.45. On the whole, MCO has fluctuated by -3.62% over the past month.
With the market capitalization of Moody’s Corp. currently standing at about $68.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 23, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 3.16, with its dividend yield at 0.84%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MCO’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 Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.85, with the price of MCO currently trading nearly -2.06% and -1.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.44, while the 7-day volatility ratio is showing 1.73% which for the 30-day chart, stands at 1.75%. Furthermore, Moody’s Corp. (MCO)’s beta value is 1.26, and its average true range (ATR) is 7.09.
A comparison of Moody’s Corp. (MCO) with its peers suggests the former has fared considerably weaker in the market. MCO showed an intraday change of 0.25% in last session, and over the past year, it grew by 23.35%%.
Data on historical trading for Moody’s Corp. (NYSE:MCO) indicates that the trading volumes over the past 3 months, they’ve averaged 736.79K. According to company’s latest data on outstanding shares, there are 182.47 million shares outstanding.
Nearly 0.21% of Moody’s Corp.’s shares belong to company insiders and institutional investors own 93.30% of the company’s shares. The stock has fallen by -3.69% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MCO stock heading into the next quarter.
