Moody’s Corp (NYSE:MCO) shares, rose in value on Friday, May 09, with the stock price down by -0.21% to the previous day’s close as strong demand from buyers drove the stock to $470.67.
Actively observing the price movement in the last trading, the stock closed the session at $471.67. The PE ratio was 40.66 over 12-month period. Referring to stock’s 52-week performance, its high was $531.93, and the low was $378.71. On the whole, MCO has fluctuated by 7.31% over the past month.
With the market capitalization of Moody’s Corp currently standing at about $84.67 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.49, with its dividend yield at 0.74%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.41B, with a low estimate of 1.7B and a high estimate of 1.95B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.82B.
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 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 3.51, with the price of MCO currently trading nearly 5.79% and 4.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.93, while the 7-day volatility ratio is showing 1.54% which for the 30-day chart, stands at 2.72%. Furthermore, Moody’s Corp (MCO)’s beta value is 1.39, and its average true range (ATR) is 12.84.
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 -0.21% in last session, and over the past year, it grew by 19.47%%.
Data on historical trading for Moody’s Corp (NYSE:MCO) indicates that the trading volumes over the past 3 months, they’ve averaged 974.37K. According to company’s latest data on outstanding shares, there are 179.94 million shares outstanding.
Nearly 0.11% of Moody’s Corp’s shares belong to company insiders and institutional investors own 92.64% of the company’s shares. The stock has fallen by -0.57% 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.
