Sitio Royalties Corp (NYSE:STR) shares, rose in value on Friday, November 22, with the stock price down by -0.49% to the previous day’s close as strong demand from buyers drove the stock to $24.52.
Actively observing the price movement in the last trading, the stock closed the session at $24.64, falling within a range of $24.345 and $24.73. The value of beta (5-year monthly) was 1.31. Referring to stock’s 52-week performance, its high was $25.95, and the low was $19.88. On the whole, STR has fluctuated by 8.40% over the past month.
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With the market capitalization of Sitio Royalties Corp currently standing at about $3.75 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.50, with its dividend yield at 6.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 626.5M, with a low estimate of 143M and a high estimate of 150M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 146M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STR’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% Sell 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 STR currently trading nearly 4.03% and 8.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.68, while the 7-day volatility ratio is showing 2.19% which for the 30-day chart, stands at 2.82%. Furthermore, Sitio Royalties Corp (STR)’s beta value is 1.74, and its average true range (ATR) is 0.65.
A comparison of Sitio Royalties Corp (STR) with its peers suggests the former has fared considerably weaker in the market. STR showed an intraday change of -0.49% in last session, and over the past year, it grew by 11.30%%.
Data on historical trading for Sitio Royalties Corp (NYSE:STR) indicates that the trading volumes over the past 10 days have averaged 0.91 and over the past 3 months, they’ve averaged 697.40K. According to company’s latest data on outstanding shares, there are 152.92 million shares outstanding.
Nearly 0.80% of Sitio Royalties Corp’s shares belong to company insiders and institutional investors own 88.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.21 million shares as on 2024-10-31, resulting in a short ratio of 4.95. According to the data, the short interest in Sitio Royalties Corp (STR) stood at 482.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 3.78 million. The stock has risen by 4.30% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STR stock heading into the next quarter.
