J.M. Smucker Co (NYSE:SJM) shares, rose in value on Friday, November 01, with the stock price down by -0.52% to the previous day’s close as strong demand from buyers drove the stock to $112.92.
Actively observing the price movement in the last trading, the stock closed the session at $113.51, falling within a range of $112.5 and $113.8. The value of beta (5-year monthly) was 0.235 whereas the PE ratio was 15.93 over 12-month period. Referring to stock’s 52-week performance, its high was $134.62, and the low was $105.69. On the whole, SJM has fluctuated by -3.72% over the past month.
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With the market capitalization of J.M. Smucker Co currently standing at about $12.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-03. The company’s Forward Dividend Ratio is 4.26, with its dividend yield at 3.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.89B, with a low estimate of 2.23B and a high estimate of 2.29B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.26B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SJM’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.63, with the price of SJM currently trading nearly -3.71% and -4.62% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.68, while the 7-day volatility ratio is showing 1.62% which for the 30-day chart, stands at 1.62%. Furthermore, J.M. Smucker Co (SJM)’s beta value is 0.25, and its average true range (ATR) is 2.01.
A comparison of J.M. Smucker Co (SJM) with its peers suggests the former has fared considerably weaker in the market. SJM showed an intraday change of -0.52% in last session, and over the past year, it shrunk by -0.06%%.
Data on historical trading for J.M. Smucker Co (NYSE:SJM) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 931.82K. According to company’s latest data on outstanding shares, there are 106.19 million shares outstanding.
Nearly 2.52% of J.M. Smucker Co’s shares belong to company insiders and institutional investors own 83.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.49 million shares as on 2024-10-15, resulting in a short ratio of 4.26. According to the data, the short interest in J.M. Smucker Co (SJM) stood at 389.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 3.41 million. The stock has fallen by -10.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SJM stock heading into the next quarter.
