Invesco Ltd (NYSE:IVZ) shares, rose in value on Friday, October 11, with the stock price up by 1.36% to the previous day’s close as strong demand from buyers drove the stock to $17.92.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.68, falling within a range of $17.8 and $18.0. The value of beta (5-year monthly) is 1.423. Referring to stock’s 52-week performance, its high was $18.28, and the low was $12.48. On the whole, IVZ has fluctuated by 12.99% over the past month.
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With the market capitalization of Invesco Ltd currently standing at about $8.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-22. The company’s Forward Dividend Ratio is 0.81, with its dividend yield at 4.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.38B, with a low estimate of 1.08B and a high estimate of 1.13B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.1B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IVZ’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 price of IVZ currently trading nearly 3.11% and 7.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.45, while the 7-day volatility ratio is showing 2.15% which for the 30-day chart, stands at 2.49%. Furthermore, Invesco Ltd (IVZ)’s beta value is 1.42, and its average true range (ATR) is 0.45.
A comparison of Invesco Ltd (IVZ) with its peers suggests the former has fared considerably weaker in the market. IVZ showed an intraday change of 1.36% in today’s session so far, and over the past year, it grew by 29.76%%.
Data on historical trading for Invesco Ltd (NYSE:IVZ) indicates that the trading volumes over the past 10 days have averaged 3.64 and over the past 3 months, they’ve averaged 3.84 million. According to company’s latest data on outstanding shares, there are 449.50 million shares outstanding.
Nearly 1.69% of Invesco Ltd’s shares belong to company insiders and institutional investors own 85.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.49 million shares as on 2024-09-30, resulting in a short ratio of 1.85. According to the data, the short interest in Invesco Ltd (IVZ) stood at 242.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 7.81 million. The stock has risen by 0.45% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IVZ stock heading into the next quarter.
