The trading price of Tata Motors Limited (NYSE:TTM) floating lower at last check on Wednesday, Jan 13, closing at $16.55, -2.66% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $16.08 and $16.68. The company’s P/E ratio in the trailing 12-month period was 8.55, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $16.71 and a 52-week low of $3.92. Over the past month, the stock has gained 38.03% in value.
On the technical side, indicators suggest TTM has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned TTM a recommendation rating is 28. Out of them, 5 rate it a Hold, while 12 recommend Buy, whereas 2 assign an Outperform rating. 1 analyst(s) have tagged Tata Motors Limited (TTM) as Underperform, while 8 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.24, which symbolizes a positive outlook. A quick review shows that TTM’s price is currently 25.8% off the SMA20 and 36.74% off the SMA50. The RSI metric on the 14-day chart is currently showing 78, and weekly volatility stands at 2.9%. When measured over the past 30 days, the indicator reaches 2.3%. Tata Motors Limited (NYSE:TTM)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 0.52. With analysts defining $5.65-$19.8 as the low and high price targets, we arrive at a consensus price target of $11.34 for the trailing 12-month period. The current price is about -64.93% off the estimated low and 22.91% off the forecast high, based on this estimate. Investors will be thrilled if TTM’s share price rises to $11.53, which is the median consensus price. At that level, TTM’s share price would be -28.43% above current price.
To see how Tata Motors Limited stock has been performing today in comparison to its peers in the industry, here are the numbers: TTM stock’s performance was -2.66% at last check in today’s session, and +20.63% in the past year, while Toyota Motor Corp Ltd Ord (TM) has been trading -0.9% in recent session and positioned +7.96% higher than it was a year ago. Another comparable company Nio Inc (NIO) saw its stock trading 0.65% higher in today’s session but was up +1576.76% in a year. Furthermore, Honda Motor Company (HMC) showed a decline of -2.66% today while its price kept rising at 20.63% over the past year. Tata Motors Limited has a P/E ratio of 8.55, compared to Toyota Motor Corp Ltd Ord’s 15.59 and Nio Inc’s 0. Also during today’s trading, the S&P 500 Index has surged 0.11%, while the Dow Jones Industrial also saw a negative seesion, down -0.1% today.
An evaluation of the daily trading volume of Tata Motors Limited (NYSE:TTM) indicates that the 3-month average is 1.82 Million. However, this figure has increased over the past 10 days to an average of 2.95 Million.
Currently, records show that 719.49 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 5.29%. The stats also highlight that short interest as of December 30, 2020, stood at 4.74 Million shares, resulting in a short ratio of 2.89 at that time. From this, we can conclude that short interest is 0.66% of the company’s total outstanding shares. It is noteworthy that short shares in December were up slightly from the previous month’s figure, which was 4.7 Million. However, since the stock’s price has seen +31.35% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
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