Pilgrim’s Pride Corp. (NASDAQ:PPC) shares, rose in value, with the stock price up by 3.82% to the previous day’s close as strong demand from buyers drove the stock to $49.51.
Actively observing the price movement in the recent trading, the stock is buoying the session at $47.69, falling within a range of $46.36 and $50.14. The PE ratio was 15.54 over 12-month period. Referring to stock’s 52-week performance, its high was $49.07, and the low was $25.11. On the whole, PPC has fluctuated by 3.45% over the past month.
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With the market capitalization of Pilgrim’s Pride Corp. currently standing at about $11.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.17B, with a low estimate of 4.33B and a high estimate of 4.77B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.58B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PPC’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 stock’s technical analysis shows that the PEG ratio is about 0.37, with the price of PPC currently trading nearly 7.78% and 10.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 68.43, while the 7-day volatility ratio is showing 2.63% which for the 30-day chart, stands at 3.25%. Furthermore, Pilgrim’s Pride Corp. (PPC)’s beta value is 0.82, and its average true range (ATR) is 1.57.
A comparison of Pilgrim’s Pride Corp. (PPC) with its peers suggests the former has fared considerably weaker in the market. PPC showed an intraday change of 3.82% in today’s session so far, and over the past year, it grew by 94.16%%.
Data on historical trading for Pilgrim’s Pride Corp. (NASDAQ:PPC) indicates that the trading volumes over the past 10 days have averaged 0.9 and over the past 3 months, they’ve averaged 1.44 million. According to company’s latest data on outstanding shares, there are 236.79 million shares outstanding.
Nearly 82.59% of Pilgrim’s Pride Corp.’s shares belong to company insiders and institutional investors own 15.84% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.27 million shares as on 2024-10-15, resulting in a short ratio of 2.91. According to the data, the short interest in Pilgrim’s Pride Corp. (PPC) stood at 1518.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.92 million. The stock has risen by 78.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PPC stock heading into the next quarter.
