Paccar Inc. (NASDAQ: PCAR)’s Upside Potential Is High

Paccar Inc. (NASDAQ:PCAR) shares, rose in value, with the stock price down by -0.51% to the previous day’s close as strong demand from buyers drove the stock to $99.01.

Actively observing the price movement in the recent trading, the stock is buoying the session at $99.52, falling within a range of $98.38 and $99.155. The value of beta (5-year monthly) is 0.901 whereas the PE ratio is 10.49 over 12-month period. Referring to stock’s 52-week performance, its high was $125.50, and the low was $78.30. On the whole, PCAR has fluctuated by 3.12% over the past month.

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With the market capitalization of Paccar Inc. currently standing at about $51.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 1.13, with its dividend yield at 1.14%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 32.81B, with a low estimate of 7.3B and a high estimate of 8.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.65B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PCAR’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 50% 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 1.55, with the price of PCAR currently trading nearly 3.83% and 1.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.55, while the 7-day volatility ratio is showing 2.05% which for the 30-day chart, stands at 1.98%. Furthermore, Paccar Inc. (PCAR)’s beta value is 0.90, and its average true range (ATR) is 2.14.

A comparison of Paccar Inc. (PCAR) with its peers suggests the former has fared considerably weaker in the market. PCAR showed an intraday change of -0.51% in today’s session so far, and over the past year, it grew by 20.06%%.

Data on historical trading for Paccar Inc. (NASDAQ:PCAR) indicates that the trading volumes over the past 10 days have averaged 2.48 and over the past 3 months, they’ve averaged 2.97 million. According to company’s latest data on outstanding shares, there are 523.30 million shares outstanding.

Nearly 1.81% of Paccar Inc.’s shares belong to company insiders and institutional investors own 68.92% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.92 million shares as on 2024-08-30, resulting in a short ratio of 5.3. According to the data, the short interest in Paccar Inc. (PCAR) stood at 307.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 13.19 million. The stock has risen by 1.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PCAR stock heading into the next quarter.

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