Coca-Cola Co (NYSE:KO) shares, rose in value, with the stock price up by 0.42% to the previous day’s close as strong demand from buyers drove the stock to $72.05.
Actively observing the price movement in the last trading, the stock closed the session at $71.75, falling within a range of $71.23 and $72.215. The value of beta (5-year monthly) was 0.592 whereas the PE ratio was 29.28 over 12-month period. Referring to stock’s 52-week performance, its high was $71.81, and the low was $51.55. On the whole, KO has fluctuated by 7.96% over the past month.
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With the market capitalization of Coca-Cola Co currently standing at about $310.53 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 1.89, with its dividend yield at 2.62%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 41.37B, with a low estimate of 10.36B and a high estimate of 10.67B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.5B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KO’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.83, with the price of KO currently trading nearly 4.16% and 8.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 78.59, while the 7-day volatility ratio is showing 1.16% which for the 30-day chart, stands at 1.36%. Furthermore, Coca-Cola Co (KO)’s beta value is 0.60, and its average true range (ATR) is 0.89.
A comparison of Coca-Cola Co (KO) with its peers suggests the former has fared considerably weaker in the market. KO showed an intraday change of 0.42% in last session, and over the past year, it grew by 19.09%%.
Data on historical trading for Coca-Cola Co (NYSE:KO) indicates that the trading volumes over the past 10 days have averaged 12.8 and over the past 3 months, they’ve averaged 12.45 million. According to company’s latest data on outstanding shares, there are 4.31 billion shares outstanding.
Nearly 0.77% of Coca-Cola Co’s shares belong to company insiders and institutional investors own 73.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 36.35 million shares as on 2024-08-15, resulting in a short ratio of 2.67. According to the data, the short interest in Coca-Cola Co (KO) stood at 85.00 of shares outstanding as of 2024-08-15; the number of short shares registered in 2024-07-15 reached 31.18 million. The stock has risen by 22.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KO stock heading into the next quarter.
