Alliance Resource Partners, LP (NASDAQ:ARLP) shares, rose in value on Friday, May 09, with the stock price down by -3.25% to the previous day’s close as strong demand from buyers drove the stock to $24.97.
Actively observing the price movement in the last trading, the stock closed the session at $25.81. The PE ratio was 11.69 over 12-month period. Referring to stock’s 52-week performance, its high was $30.56, and the low was $21.95. On the whole, ARLP has fluctuated by -5.92% over the past month.
With the market capitalization of Alliance Resource Partners, LP currently standing at about $3.21 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.80, with its dividend yield at 11.21%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ARLP’s technical picture suggests that short-term indicators denote the stock is a 50% Buy 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.85, with the price of ARLP currently trading nearly -6.64% and -4.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.14, while the 7-day volatility ratio is showing 2.70% which for the 30-day chart, stands at 3.27%. Furthermore, Alliance Resource Partners, LP (ARLP)’s beta value is 0.57, and its average true range (ATR) is 0.97.
A comparison of Alliance Resource Partners, LP (ARLP) with its peers suggests the former has fared considerably weaker in the market. ARLP showed an intraday change of -3.25% in last session, and over the past year, it grew by 11.08%%.
Data on historical trading for Alliance Resource Partners, LP (NASDAQ:ARLP) indicates that the trading volumes over the past 3 months, they’ve averaged 422.17K. According to company’s latest data on outstanding shares, there are 128.43 million shares outstanding.
Nearly 30.87% of Alliance Resource Partners, LP’s shares belong to company insiders and institutional investors own 18.26% of the company’s shares. The stock has fallen by -5.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ARLP stock heading into the next quarter.
