Polaris Inc (NYSE:PII) price on current trading day, fall -0.08% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $63.63.
A look at the stock’s price movement, the close in the last trading session was $63.68, moving within a range at $63.23 and $66.76. The beta value (5-Year monthly) was 1.522 while the PE ratio in trailing twelve months stood at 17.81. Turning to its 52-week performance, $100.91 and $63.45 were the 52-week high and 52-week low respectively. Overall, PII moved -10.97% over the past month.
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Polaris Inc’s market cap currently stands at around $3.55 billion, with investors looking forward to this quarter’s earnings report slated for in January. The company has a Forward Dividend ratio of 2.64, with its dividend yield at 4.15%. 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 1.68B for the company’s revenue for the quarter, with a low and high estimate of 1.63B and 1.73B respectively. The average forecast suggests down to a -26.52% 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 7.1B, representing a -20.57% 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 PII is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
11 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 6 analyst(s) rate the stock as a Hold, 4 recommend PII as a Buy and 1 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
PII’s current price about -5.17% and -13.02% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 34.08, while 7-day volatility ratio is 3.68% and 2.94% in the 30-day chart. Further, Polaris Inc (PII) has a beta value of 1.50, and an average true range (ATR) of 2.32. Analysts have given the company’s stock an average 52-week price target of $80, forecast between a low of $73 and high of $84. Looking at the price targets, the low is -14.73% off current price level while to achieve the yearly target high, price needs to move -32.01%. Nonetheless, investors will most likely welcome a -25.73% jump to $80 which is the analysts’ median price.
If we refocus on Polaris Inc (NYSE:PII), historical trading data shows that trading volumes averaged 0.79 over the past 10 days and 678.11K over the past 3 months. The company’s latest data on shares outstanding shows there are 55.80 million shares.
The 6.38% of Polaris Inc’s shares are in the hands of company insiders while institutional holders own 83.47% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.66 million on 2024-11-15, giving us a short ratio of 4.36. The data shows that as of 2024-11-15 short interest in Polaris Inc (PII) stood at 916.0 of shares outstanding, with shares short rising to 3.24 million registered in 2024-10-15. Current price change has pushed the stock -32.86% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the PII stock continues to rise going into the next quarter.
