Is Woodside Energy Group Ltd ADR (NYSE: WDS) A Good Pick For New Investors Now?

Woodside Energy Group Ltd ADR (NYSE:WDS) shares, rose in value, with the stock price down by -0.17% to the previous day’s close as strong demand from buyers drove the stock to $17.60.

Actively observing the price movement in the last trading, the stock closed the session at $17.63, falling within a range of $17.39 and $17.69. The value of beta (5-year monthly) was 0.735 whereas the PE ratio was 18.13 over 12-month period. Referring to stock’s 52-week performance, its high was $23.45, and the low was $15.32. On the whole, WDS has fluctuated by 8.37% over the past month.

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With the market capitalization of Woodside Energy Group Ltd ADR currently standing at about $33.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 1.29, with its dividend yield at 7.33%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that WDS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the price of WDS currently trading nearly 1.72% and 2.42% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.85, while the 7-day volatility ratio is showing 1.81% which for the 30-day chart, stands at 1.80%. Furthermore, Woodside Energy Group Ltd ADR (WDS)’s beta value is 1.15, and its average true range (ATR) is 0.43.

A comparison of Woodside Energy Group Ltd ADR (WDS) with its peers suggests the former has fared considerably weaker in the market. WDS showed an intraday change of -0.17% in last session, and over the past year, it shrunk by -22.87%%.

Data on historical trading for Woodside Energy Group Ltd ADR (NYSE:WDS) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 895.70K. According to company’s latest data on outstanding shares, there are 1.90 billion shares outstanding.

Woodside Energy Group Ltd ADR’s shares belong to company insiders and institutional investors own 1.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.37 million shares as on 2024-09-30, resulting in a short ratio of 2.0. The stock has fallen by -16.55% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the WDS stock heading into the next quarter.

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