Bank of Montreal (NYSE:BMO) shares, rose in value on Friday, November 01, with the stock price down by -0.40% to the previous day’s close as strong demand from buyers drove the stock to $90.76.
Actively observing the price movement in the last trading, the stock closed the session at $91.12, falling within a range of $90.595 and $92.07. The value of beta (5-year monthly) was 1.158 whereas the PE ratio was 14.30 over 12-month period. Referring to stock’s 52-week performance, its high was $100.12, and the low was $74.48. On the whole, BMO has fluctuated by -0.50% over the past month.
With the market capitalization of Bank of Montreal currently standing at about $92.18 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Dec-05. The company’s Forward Dividend Ratio is 4.46, with its dividend yield at 4.91%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 23.3B, with a low estimate of 5.98B and a high estimate of 6.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BMO’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 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 7.09, with the price of BMO currently trading nearly -1.75% and 1.88% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.92, while the 7-day volatility ratio is showing 1.32% which for the 30-day chart, stands at 1.27%. Furthermore, Bank of Montreal (BMO)’s beta value is 1.10, and its average true range (ATR) is 1.30.
A comparison of Bank of Montreal (BMO) with its peers suggests the former has fared considerably weaker in the market. BMO showed an intraday change of -0.40% in last session, and over the past year, it grew by 20.02%%.
Data on historical trading for Bank of Montreal (NYSE:BMO) indicates that the trading volumes over the past 10 days have averaged 1.34 and over the past 3 months, they’ve averaged 1.05 million. According to company’s latest data on outstanding shares, there are 729.41 million shares outstanding.
Nearly 0.04% of Bank of Montreal’s shares belong to company insiders and institutional investors own 49.95% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.82 million shares as on 2024-10-15, resulting in a short ratio of 3.87. The stock has fallen by -8.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BMO stock heading into the next quarter.
