Coca-Cola Co (NYSE:KO) shares, rose in value, with the stock price down by -0.93% to the previous day’s close as strong demand from buyers drove the stock to $65.31.
Actively observing the price movement in the last trading, the stock closed the session at $65.92, falling within a range of $65.255 and $65.99. The value of beta (5-year monthly) was 0.608 whereas the PE ratio was 27.12 over 12-month period. Referring to stock’s 52-week performance, its high was $73.53, and the low was $56.06. On the whole, KO has fluctuated by -8.03% over the past month.
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With the market capitalization of Coca-Cola Co currently standing at about $281.34 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.92, with its dividend yield at 2.93%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 46.23B, with a low estimate of 10.49B and a high estimate of 10.88B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.69B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KO’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% Buy while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 4.95, with the price of KO currently trading nearly -4.86% and -7.13% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 25.28, while the 7-day volatility ratio is showing 1.36% which for the 30-day chart, stands at 1.39%. Furthermore, Coca-Cola Co (KO)’s beta value is 0.61, and its average true range (ATR) is 1.05.
A comparison of Coca-Cola Co (KO) with its peers suggests the former has fared considerably weaker in the market. KO showed an intraday change of -0.93% in last session, and over the past year, it grew by 15.61%%.
Data on historical trading for Coca-Cola Co (NYSE:KO) indicates that the trading volumes over the past 10 days have averaged 15.39 and over the past 3 months, they’ve averaged 14.08 million. According to company’s latest data on outstanding shares, there are 4.31 billion shares outstanding.
Nearly 0.77% of Coca-Cola Co’s shares belong to company insiders and institutional investors own 72.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 31.87 million shares as on 2024-10-15, resulting in a short ratio of 2.39. According to the data, the short interest in Coca-Cola Co (KO) stood at 75.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 40.65 million. The stock has risen by 10.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KO stock heading into the next quarter.
