CNH Industrial NV (NYSE:CNH) price on current trading day, rose 1.23% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.39.
A look at the stock’s price movement, the level at last check in today’s session was $12.24, moving within a range at $12.2201 and $12.46. The beta value (5-Year monthly) was 1.597 while the PE ratio in trailing twelve months stood at 9.08. Turning to its 52-week performance, $13.30 and $9.28 were the 52-week high and 52-week low respectively. Overall, CNH moved 10.14% over the past month.
CNH Industrial NV’s market cap currently stands at around $15.48 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 0.47, with its dividend yield at 3.79%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 4.99B for the company’s revenue for the quarter, with a low and high estimate of 4.81B and 5.15B respectively. The average forecast suggests down to a -26.46% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 19.94B, representing a -19.23% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CNH is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend CNH as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CNH’s current price about 6.86% and 9.35% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.02, while 7-day volatility ratio is 2.16% and 2.87% in the 30-day chart. Further, CNH Industrial NV (CNH) has a beta value of 1.57, and an average true range (ATR) of 0.35. Analysts have given the company’s stock an average 52-week price target of $12.5, forecast between a low of $11 and high of $18. Looking at the price targets, the low is 11.22% off recent price level in today’s trading while to achieve the yearly target high, it has to move -45.28%. Nonetheless, investors will most likely welcome a -0.89% jump to $12.5 which is the analysts’ median price.
If we refocus on CNH Industrial NV (NYSE:CNH), historical trading data shows that trading volumes averaged 14.7 over the past 10 days and 13.85 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.25 billion shares.
The 35.05% of CNH Industrial NV’s shares are in the hands of company insiders while institutional holders own 69.08% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 50.67 million on 2024-11-15, giving us a short ratio of 4.79. The data shows that as of 2024-11-15 short interest in CNH Industrial NV (CNH) stood at 709.0000000000001 of shares outstanding, with shares short rising to 49.03 million registered in 2024-10-15. Current price change has pushed the stock 1.73% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CNH stock continues to rise going into the next quarter.
