Walmart Inc (NYSE:WMT) shares, rose in value, with the stock price down by -0.98% to the previous day’s close as strong demand from buyers drove the stock to $79.61.
Actively observing the price movement in the last trading, the stock closed the session at $80.40, falling within a range of $79.46 and $80.32. The value of beta (5-year monthly) was 0.516 whereas the PE ratio was 41.36 over 12-month period. Referring to stock’s 52-week performance, its high was $81.60, and the low was $49.85. On the whole, WMT has fluctuated by 0.98% over the past month.
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With the market capitalization of Walmart Inc currently standing at about $639.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.19, with its dividend yield at 1.50%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 678.36B, with a low estimate of 166B and a high estimate of 169.46B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 167.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WMT’s technical picture suggests that short-term indicators denote the stock is a 50% 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 4.60, with the price of WMT currently trading nearly -0.53% and 4.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.47, while the 7-day volatility ratio is showing 1.41% which for the 30-day chart, stands at 1.46%. Furthermore, Walmart Inc (WMT)’s beta value is 0.52, and its average true range (ATR) is 1.15.
A comparison of Walmart Inc (WMT) with its peers suggests the former has fared considerably weaker in the market. WMT showed an intraday change of -0.98% in last session, and over the past year, it grew by 51.54%%.
Data on historical trading for Walmart Inc (NYSE:WMT) indicates that the trading volumes over the past 10 days have averaged 14.21 and over the past 3 months, they’ve averaged 16.52 million. According to company’s latest data on outstanding shares, there are 8.05 billion shares outstanding.
Nearly 45.84% of Walmart Inc’s shares belong to company insiders and institutional investors own 35.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 31.12 million shares as on 2024-09-30, resulting in a short ratio of 1.71. According to the data, the short interest in Walmart Inc (WMT) stood at 72.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 42.74 million. The stock has risen by 51.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WMT stock heading into the next quarter.
