Halliburton Co. (NYSE:HAL) shares, rose in value, with the stock price up by 0.62% to the previous day’s close as strong demand from buyers drove the stock to $27.69.
Actively observing the price movement in the last trading, the stock closed the session at $27.52, falling within a range of $27.56 and $28.1. The value of beta (5-year monthly) was 1.9 whereas the PE ratio was 9.20 over 12-month period. Referring to stock’s 52-week performance, its high was $41.56, and the low was $27.26. On the whole, HAL has fluctuated by -7.48% over the past month.
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With the market capitalization of Halliburton Co. currently standing at about $24.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.67, with its dividend yield at 2.42%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HAL’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 PEG ratio is about 1.89, with the price of HAL currently trading nearly -5.29% and -6.04% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.94, while the 7-day volatility ratio is showing 2.00% which for the 30-day chart, stands at 2.08%. Furthermore, Halliburton Co. (HAL)’s beta value is 1.90, and its average true range (ATR) is 0.72.
A comparison of Halliburton Co. (HAL) with its peers suggests the former has fared considerably weaker in the market. HAL showed an intraday change of 0.62% in last session, and over the past year, it shrunk by -29.76%%.
Data on historical trading for Halliburton Co. (NYSE:HAL) indicates that the trading volumes over the past 10 days have averaged 8.85 and over the past 3 months, they’ve averaged 8.84 million. According to company’s latest data on outstanding shares, there are 889.00 million shares outstanding.
Nearly 0.43% of Halliburton Co.’s shares belong to company insiders and institutional investors own 88.18% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.27 million shares as on 2024-10-15, resulting in a short ratio of 2.25. According to the data, the short interest in Halliburton Co. (HAL) stood at 353.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 25.12 million. The stock has fallen by -23.40% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HAL stock heading into the next quarter.
