The trading price of BHP Group (NYSE:BHP) closed higher on Tuesday, September 21, closing at $54.54, 0.93% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $53.78 and $55.02. The company’s P/E ratio in the trailing 12-month period was 12.23, while its 5Y monthly beta was 0.84. In examining the 52-week price action we see that the stock hit a 52-week high of $82.07 and a 52-week low of $46.90. Over the past month, the stock has lost -14.25% in value.
BHP Group, whose market valuation is $142.86 billion at the time of this writing. The dividend yield on the company stock is 5.72%, while its Forward Dividend ratio is 3.12. Investors’ optimism about the company’s current quarter earnings report is understandable.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of BHP Group No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BHP has a 100% Sell 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% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
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 14. Out of them, 4 rate it a Hold, while 7 recommend Buy, whereas 1 assign an Overweight rating. 2 analyst(s) have tagged BHP Group (BHP) as Underweight, while 0 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.
A quick review shows that BHP’s price is currently -12.32% off the SMA20 and -22.25% off the SMA50. The RSI metric on the 14-day chart is currently showing 24.54, and weekly volatility stands at 2.30%. When measured over the past 30 days, the indicator reaches 1.77%. BHP Group (NYSE:BHP)’s beta value is currently sitting at 0.97, while the Average True Range indicator is currently displaying 1.95. With analysts defining $55.22-$87.44 as the low and high price targets, we arrive at a consensus price target of $70.14 for the trailing 12-month period. The current price is about -1.25% off the estimated low and -60.32% off the forecast high, based on this estimate. Investors will be thrilled if BHP’s share price rises to $68.26, which is the median consensus price. At that level, BHP’s share price would be -25.16% below current price.
To see how BHP Group stock has been performing in comparison to its peers in the industry, here are the numbers: BHP stock’s performance was 0.93% in the latest trading, and 3.06% in the past year, while Rio Tinto Group (RIO) has traded -1.06% on the day and positioned 9.57% higher than it was a year ago. BHP Group has a P/E ratio of 12.23. Also in last trading session, the S&P 500 Index has plunged -0.08%, while the Dow Jones Industrial also saw a negative session, down -0.15% on the day.
An evaluation of the daily trading volume of BHP Group (NYSE:BHP) indicates that the 3-month average is 2.64 million. However, this figure has increased over the past 10 days to an average of 4.55 million.
Currently, records show that 2.53 billion of the company’s shares remain outstanding. The insiders hold 5.40% of outstanding shares, whereas institutions hold 6.70%. The stats also highlight that short interest as of Jun 14, 2021, stood at 19.82 million shares, resulting in a short ratio of 11.94 at that time. From this, we can conclude that short interest is 0.78% of the company’s total outstanding shares. It is noteworthy that short shares in June were up slightly from the previous month’s figure, which was 17.88 million. However, since the stock’s price has seen -16.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.