What Lies Ahead For Marriott International, Inc. (NASDAQ: MAR) In 2024?

Marriott International, Inc. (NASDAQ:MAR) shares, rose in value, with the stock price down by -0.53% to the previous day’s close as strong demand from buyers drove the stock to $230.80.

Actively observing the price movement in the recent trading, the stock is buoying the session at $232.03. The PE ratio was 23.82 over 12-month period. Referring to stock’s 52-week performance, its high was $260.57, and the low was $170.03. On the whole, MAR has fluctuated by -1.93% over the past month.

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The company’s Forward Dividend Ratio is 2.19, with its dividend yield at 0.95%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 25.45B, with a low estimate of 6.16B and a high estimate of 6.72B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.48B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MAR’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 Hold while long-term indicators on average have been pointing out that it is a Hold.

The stock’s technical analysis shows that the PEG ratio is about 3.58, with the price of MAR currently trading nearly -1.66% and -4.02% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.88, while the 7-day volatility ratio is showing 2.02% which for the 30-day chart, stands at 1.71%. Furthermore, Marriott International, Inc. (MAR)’s beta value is 1.60, and its average true range (ATR) is 4.23.

A comparison of Marriott International, Inc. (MAR) with its peers suggests the former has fared considerably weaker in the market. MAR showed an intraday change of -0.53% in today’s session so far, and over the past year, it grew by 30.21%%.

Data on historical trading for Marriott International, Inc. (NASDAQ:MAR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 290.54 million shares outstanding.

Nearly 16.14% of Marriott International, Inc.’s shares belong to company insiders and institutional investors own 60.82% of the company’s shares. The stock has risen by 2.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MAR stock heading into the next quarter.

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