CNH Industrial NV (NYSE:CNH) shares, rose in value on Thursday, November 21, with the stock price up by 3.55% to the previous day’s close as strong demand from buyers drove the stock to $11.81.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.40, falling within a range of $11.34 and $11.8988. The value of beta (5-year monthly) is 1.597 whereas the PE ratio is 8.65 over 12-month period. Referring to stock’s 52-week performance, its high was $13.30, and the low was $9.28. On the whole, CNH has fluctuated by 6.83% over the past month.
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With the market capitalization of CNH Industrial NV currently standing at about $14.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.47, with its dividend yield at 3.98%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.91B, with a low estimate of 4.81B and a high estimate of 5.07B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.96B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNH’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 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 price of CNH currently trading nearly 6.44% and 7.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.02, while the 7-day volatility ratio is showing 2.57% which for the 30-day chart, stands at 2.47%. Furthermore, CNH Industrial NV (CNH)’s beta value is 1.55, and its average true range (ATR) is 0.36.
A comparison of CNH Industrial NV (CNH) with its peers suggests the former has fared considerably weaker in the market. CNH showed an intraday change of 3.55% in today’s session so far, and over the past year, it grew by 17.00%%.
Data on historical trading for CNH Industrial NV (NYSE:CNH) indicates that the trading volumes over the past 10 days have averaged 17.28 and over the past 3 months, they’ve averaged 12.60 million. According to company’s latest data on outstanding shares, there are 1.29 billion shares outstanding.
Nearly 35.05% of CNH Industrial NV’s shares belong to company insiders and institutional investors own 69.06% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 48.09 million shares as on 2024-10-31, resulting in a short ratio of 6.22. According to the data, the short interest in CNH Industrial NV (CNH) stood at 669.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 54.78 million. The stock has fallen by -3.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNH stock heading into the next quarter.
