Pfizer Inc. (NYSE:PFE) price on Wednesday, May 09, rose 1.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $28.27.
A look at the stock’s price movement, the close in the last trading session was $27.77. Turning to its 52-week performance, $40.37 and $25.20 were the 52-week high and 52-week low respectively. Overall, PFE moved 5.56% over the past month.
Pfizer Inc.’s market cap currently stands at around $160.08 billion. The company has a Forward Dividend ratio of 1.65, with its dividend yield at 5.84%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 13.05B for the company’s revenue for the quarter, with a low and high estimate of 12.05B and 13.99B respectively. The average forecast suggests up to a 2.50% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 60.5B, representing a 3.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that PFE is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
PFE’s current price about 7.43% and 5.09% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 65.41, while 7-day volatility ratio is 2.54% and 2.08% in the 30-day chart. Further, Pfizer Inc. (PFE) has a beta value of 0.66, and an average true range (ATR) of 0.62.
If we refocus on Pfizer Inc. (NYSE:PFE), historical trading data shows that trading volumes averaged 42.28 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.66 billion shares.
The 0.04% of Pfizer Inc.’s shares are in the hands of company insiders while institutional holders own 69.82% of the company’s shares. Current price change has pushed the stock -1.81% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PFE stock continues to rise going into the next quarter.
