Stanley Black & Decker Inc (NYSE:SWK) price on current trading day, rose 0.10% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $107.38.
A look at the stock’s price movement, the close in the last trading session was $107.27, moving within a range at $106.45 and $109.14. The beta value (5-Year monthly) was 1.239. Turning to its 52-week performance, $110.88 and $76.26 were the 52-week high and 52-week low respectively. Overall, SWK moved 9.17% over the past month.
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Stanley Black & Decker Inc’s market cap currently stands at around $16.53 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Oct-29. The company has a Forward Dividend ratio of 3.25, with its dividend yield at 3.03%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 3.8B for the company’s revenue for the quarter, with a low and high estimate of 3.73B and 3.88B respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 15.37B, representing a -2.60% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SWK is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 5 recommend SWK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SWK’s current price about 2.92% and 6.77% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.94, while 7-day volatility ratio is 2.21% and 2.36% in the 30-day chart. Further, Stanley Black & Decker Inc (SWK) has a beta value of 1.24, and an average true range (ATR) of 2.59. Analysts have given the company’s stock an average 52-week price target of $127.5, forecast between a low of $94 and high of $248. Looking at the price targets, the low is 12.46% off current price level while to achieve the yearly target high, price needs to move -130.96%. Nonetheless, investors will most likely welcome a -18.74% jump to $127.5 which is the analysts’ median price.
If we refocus on Stanley Black & Decker Inc (NYSE:SWK), historical trading data shows that trading volumes averaged 1.13 over the past 10 days and 1.39 million over the past 3 months. The company’s latest data on shares outstanding shows there are 153.62 million shares.
The 0.51% of Stanley Black & Decker Inc’s shares are in the hands of company insiders while institutional holders own 89.15% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.4 million on 2024-09-13, giving us a short ratio of 4.4. The data shows that as of 2024-09-13 short interest in Stanley Black & Decker Inc (SWK) stood at 375.0 of shares outstanding, with shares short rising to 4.34 million registered in 2024-08-15. Current price change has pushed the stock 9.46% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SWK stock continues to rise going into the next quarter.
