Lear Corp. (NYSE:LEA) shares, rose in value, with the stock price up by 2.24% to the previous day’s close as strong demand from buyers drove the stock to $136.47.
Actively observing the price movement in the last trading, the stock closed the session at $133.48. The PE ratio was 14.10 over 12-month period. Referring to stock’s 52-week performance, its high was $157.90, and the low was $117.79. On the whole, LEA has fluctuated by -5.79% over the past month.
The company’s Forward Dividend Ratio is 3.08, with its dividend yield at 2.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 24.43B, with a low estimate of 5.99B and a high estimate of 6.05B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that LEA’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.53, with the price of LEA currently trading nearly -0.58% and -1.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.29, while the 7-day volatility ratio is showing 1.98% which for the 30-day chart, stands at 1.91%. Furthermore, Lear Corp. (LEA)’s beta value is 1.54, and its average true range (ATR) is 2.82.
A comparison of Lear Corp. (LEA) with its peers suggests the former has fared considerably weaker in the market. LEA showed an intraday change of 2.24% in last session, and over the past year, it grew by 4.20%%.
Data on historical trading for Lear Corp. (NYSE:LEA) indicates that the trading volumes over the past 3 months, they’ve averaged 529.05K. According to company’s latest data on outstanding shares, there are 56.98 million shares outstanding.
Nearly 0.28% of Lear Corp.’s shares belong to company insiders and institutional investors own 106.51% of the company’s shares. The stock has fallen by -3.36% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LEA stock heading into the next quarter.
