International Paper Co (NYSE:IP) shares, rose in value, with the stock price up by 13.28% to the previous day’s close as strong demand from buyers drove the stock to $55.54.
Actively observing the price movement in the last trading, the stock closed the session at $49.03, falling within a range of $52.5 and $56.25. The value of beta (5-year monthly) was 1.01 whereas the PE ratio was 42.62 over 12-month period. Referring to stock’s 52-week performance, its high was $50.68, and the low was $31.76. On the whole, IP has fluctuated by 15.44% over the past month.
With the market capitalization of International Paper Co currently standing at about $19.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.85, with its dividend yield at 3.33%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.85B, with a low estimate of 4.54B and a high estimate of 4.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.7B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that IP’s technical picture suggests that short-term indicators denote the stock is a 50% 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 1.42, with the price of IP currently trading nearly 15.19% and 14.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.65, while the 7-day volatility ratio is showing 3.41% which for the 30-day chart, stands at 2.21%. Furthermore, International Paper Co (IP)’s beta value is 1.02, and its average true range (ATR) is 1.48.
A comparison of International Paper Co (IP) with its peers suggests the former has fared considerably weaker in the market. IP showed an intraday change of 13.28% in last session, and over the past year, it grew by 64.66%%.
Data on historical trading for International Paper Co (NYSE:IP) indicates that the trading volumes over the past 10 days have averaged 5.95 and over the past 3 months, they’ve averaged 4.08 million. According to company’s latest data on outstanding shares, there are 346.04 million shares outstanding.
Nearly 1.55% of International Paper Co’s shares belong to company insiders and institutional investors own 117.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 42.83 million shares as on 2024-10-15, resulting in a short ratio of 11.16. According to the data, the short interest in International Paper Co (IP) stood at 1670.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 41.31 million. The stock has risen by 53.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the IP stock heading into the next quarter.
