The trading price of BHP Group (NYSE:BHP) floating higher at last check on Wednesday, Apr 07, closing at $69.87, 2.36% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it has been fluctuating between $70.57 and $71.58. The company’s P/E ratio in the trailing 12-month period was 25.43, while its 5Y monthly beta was 0.93. In examining the 52-week price action we see that the stock hit a 52-week high of $81.82 and a 52-week low of $36.54. Over the past month, the stock has suffered -8.51% in value.
On the technical side, indicators suggest BHP has a 50% 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 50% 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 BHP a recommendation rating is 16. Out of them, 4 rate it a Hold, while 10 recommend Buy, whereas 1 assign an Outperform rating. 1 analyst(s) have tagged BHP Group (BHP) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, 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 4.8, which symbolizes a positive outlook. A quick review shows that BHP’s price is currently 1.12% off the SMA20 and -0.95% off the SMA50. The RSI metric on the 14-day chart is currently showing 51.03, and weekly volatility stands at 1.64%. When measured over the past 30 days, the indicator reaches 1.85%. BHP Group (NYSE:BHP)’s beta value is currently sitting at 0.93, while the Average True Range indicator is currently displaying 1.81. With analysts defining $63.8-$94.84 as the low and high price targets, we arrive at a consensus price target of $78.23 for the trailing 12-month period. The current price is about -10.79% off the estimated low and 32.61% off the forecast high, based on this estimate. Investors will be thrilled if BHP’s share price rises to $77.98, which is the median consensus price. At that level, BHP’s share price would be +9.03% above current price.
To see how BHP Group stock has been performing today in comparison to its peers in the industry, here are the numbers: BHP stock’s performance was +2.36% at last check in today’s session, and +90.95% in the past year, while Rio Tinto Plc (RIO) has been trading +2.42% in recent session and positioned +76.72% higher than it was a year ago. Another comparable company Bhp Billiton Plc (BBL) saw its stock trading 2.68% higher in today’s session but was up +94.64% in a year. Furthermore, Newmont Mining Corp (NEM) showed an increase of 2.36% today while its price kept rising at 90.95% over the past year. BHP Group has a P/E ratio of 25.43, compared to Rio Tinto Plc’s 13.13 and Bhp Billiton Plc’s 21.29. Also during today’s trading, the S&P 500 Index has surged 0.16%, while the Dow Jones Industrial also saw a positive session, up +0.01% today.
An evaluation of the daily trading volume of BHP Group (NYSE:BHP) indicates that the 3-month average is 2.77 Million. However, this figure has declined over the past 10 days to an average of 2.4 Million.
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Currently, records show that 2.53 Billion of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 4.96%. The stats also highlight that short interest as of March 14, 2021, stood at 13.33 Million shares, resulting in a short ratio of 4.16 at that time. From this, we can conclude that short interest is 0.53% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 11.9 Million. However, since the stock’s price has seen +6.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.