Smurfit WestRock plc (NYSE:SW) shares, rose in value on Thursday, August 29, with the stock price down by -0.23% to the previous day’s close as strong demand from buyers drove the stock to $46.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $47.07, falling within a range of $46.67 and $47.2. The value of beta (5-year monthly) is 1.057 whereas the PE ratio is 19.55 over 12-month period. Referring to stock’s 52-week performance, its high was $50.13, and the low was $30.62. On the whole, SW has fluctuated by 4.73% over the past month.
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With the market capitalization of Smurfit WestRock plc currently standing at about $12.17 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Jul-31. The company’s Forward Dividend Ratio is 1.93, with its dividend yield at 4.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 29.39B, with a low estimate of 7.54B and a high estimate of 8.42B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.04B.
The stock’s technical analysis shows that the price of SW currently trading nearly 10.67% and 3.67% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.49, while the 7-day volatility ratio is showing 2.31% which for the 30-day chart, stands at 3.09%. Furthermore, Smurfit WestRock plc (SW)’s beta value is 1.04, and its average true range (ATR) is 1.29.
A comparison of Smurfit WestRock plc (SW) with its peers suggests the former has fared considerably weaker in the market. SW showed an intraday change of -0.23% in today’s session so far, and over the past year, it grew by 49.75%%.
Data on historical trading for Smurfit WestRock plc (NYSE:SW) indicates that the trading volumes over the past 10 days have averaged 4.49 and over the past 3 months, they’ve averaged 6.38 million. According to company’s latest data on outstanding shares, there are 258.45 million shares outstanding.
Nearly 2.10% of Smurfit WestRock plc’s shares belong to company insiders and institutional investors own 133.77% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.93 million shares as on 2024-08-15, resulting in a short ratio of 2.98. The stock has risen by 15.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SW stock heading into the next quarter.
