Sylvamo Corporation (NYSE:SLVM) shares, rose in value on Friday, 05/13/22, with the stock price up by 7.03% to the previous day’s close as strong demand from buyers drove the stock to $47.67.
Actively observing the price movement in the last trading, the stock closed the session at $44.54, falling within a range of $44.95 and $48.74. The PE ratio was 6.35 over 12-month period. Referring to stock’s 52-week performance, its high was $45.56, and the low was $23.10. On the whole, SLVM has fluctuated by 27.73% over the past month.
With the market capitalization of Sylvamo Corporation currently standing at about $2.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for Nov 10, 2021. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.33, which is expected to increase to $1.74 for fiscal year $7.6 and then to about $6.35 by fiscal year 2022.
Analysts have estimated the company’s revenue for the quarter at $933.27 million, with a low estimate of $933.27 million and a high estimate of $933.27 million.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of SLVM currently trading nearly 15.42% and 27.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.89, while the 7-day volatility ratio is showing 9.17% which for the 30-day chart, stands at 6.00%. Furthermore, Sylvamo Corporation (SLVM)’s average true range (ATR) is 2.51.
Data on historical trading for Sylvamo Corporation (NYSE:SLVM) indicates that the trading volumes over the past 3 months, they’ve averaged 477.13K. According to company’s latest data on outstanding shares, there are 43.70 million shares outstanding.
Nearly 11.40% of Sylvamo Corporation’s shares belong to company insiders and institutional investors own 68.00% of the company’s shares. The stock has risen by 70.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SLVM stock heading into the next quarter.