International Paper Co. (NYSE:IP) shares, rose in value, with the stock price down by -0.21% to the previous day’s close as strong demand from buyers drove the stock to $47.00.
Actively observing the price movement in the last trading, the stock closed the session at $47.10, falling within a range of $46.61 and $47.1. The value of beta (5-year monthly) was 1.01 whereas the PE ratio was 36.07 over 12-month period. Referring to stock’s 52-week performance, its high was $50.68, and the low was $31.76. On the whole, IP has fluctuated by -0.28% over the past month.
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With the market capitalization of International Paper Co. currently standing at about $16.33 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-31. The company’s Forward Dividend Ratio is 1.85, with its dividend yield at 3.94%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.85B, with a low estimate of 4.54B and a high estimate of 4.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.7B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IP’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 50% 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 2.58, with the price of IP currently trading nearly -3.22% and -1.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.52, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 1.79%. Furthermore, International Paper Co. (IP)’s beta value is 1.02, and its average true range (ATR) is 0.92.
A comparison of International Paper Co. (IP) with its peers suggests the former has fared considerably weaker in the market. IP showed an intraday change of -0.21% in last session, and over the past year, it grew by 32.88%%.
Data on historical trading for International Paper Co. (NYSE:IP) indicates that the trading volumes over the past 10 days have averaged 3.67 and over the past 3 months, they’ve averaged 4.35 million. According to company’s latest data on outstanding shares, there are 346.04 million shares outstanding.
Nearly 1.55% of International Paper Co.’s shares belong to company insiders and institutional investors own 113.76% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 39.95 million shares as on 2024-09-30, resulting in a short ratio of 11.01. According to the data, the short interest in International Paper Co. (IP) stood at 1558.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 39.8 million. The stock has risen by 30.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IP stock heading into the next quarter.
