Phillips Edison & Company Inc (NASDAQ:PECO) shares, rose in value on Friday, November 22, with the stock price up by 0.72% to the previous day’s close as strong demand from buyers drove the stock to $39.33.
Actively observing the price movement in the last trading, the stock closed the session at $39.05, falling within a range of $39.175 and $39.6. The value of beta (5-year monthly) was 0.33 whereas the PE ratio was 84.89 over 12-month period. Referring to stock’s 52-week performance, its high was $39.83, and the low was $30.62. On the whole, PECO has fluctuated by 6.27% over the past month.
With the market capitalization of Phillips Edison & Company Inc currently standing at about $5.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.28, with its dividend yield at 3.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 653.31M, with a low estimate of 165.57M and a high estimate of 172.56M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 168.76M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PECO’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 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 5.96, with the price of PECO currently trading nearly 1.89% and 4.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.47, while the 7-day volatility ratio is showing 1.01% which for the 30-day chart, stands at 1.77%. Furthermore, Phillips Edison & Company Inc (PECO)’s beta value is 0.57, and its average true range (ATR) is 0.61.
A comparison of Phillips Edison & Company Inc (PECO) with its peers suggests the former has fared considerably weaker in the market. PECO showed an intraday change of 0.72% in last session, and over the past year, it grew by 10.94%%.
Data on historical trading for Phillips Edison & Company Inc (NASDAQ:PECO) indicates that the trading volumes over the past 10 days have averaged 0.58 and over the past 3 months, they’ve averaged 672.16K. According to company’s latest data on outstanding shares, there are 122.02 million shares outstanding.
Nearly 0.56% of Phillips Edison & Company Inc’s shares belong to company insiders and institutional investors own 82.13% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.29 million shares as on 2024-10-31, resulting in a short ratio of 3.93. According to the data, the short interest in Phillips Edison & Company Inc (PECO) stood at 280.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 2.72 million. The stock has risen by 7.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PECO stock heading into the next quarter.
