AT&T, Inc (NYSE:T) shares, rose in value, with the stock price down by -0.30% to the previous day’s close as strong demand from buyers drove the stock to $23.29.
Actively observing the price movement in the recent trading, the stock is buoying the session at $23.36, falling within a range of $23.26 and $23.4325. The value of beta (5-year monthly) is 0.73 whereas the PE ratio is 18.93 over 12-month period. Referring to stock’s 52-week performance, its high was $24.03, and the low was $15.94. On the whole, T has fluctuated by 4.44% over the past month.
With the market capitalization of AT&T, Inc currently standing at about $167.11 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.11, with its dividend yield at 4.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 122.12B, with a low estimate of 31.43B and a high estimate of 32.41B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 31.97B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that T’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 15.78, with the price of T currently trading nearly 0.24% and 3.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.54, while the 7-day volatility ratio is showing 1.99% which for the 30-day chart, stands at 1.71%. Furthermore, AT&T, Inc (T)’s beta value is 0.57, and its average true range (ATR) is 0.43.
A comparison of AT&T, Inc (T) with its peers suggests the former has fared considerably weaker in the market. T showed an intraday change of -0.30% in today’s session so far, and over the past year, it grew by 41.58%%.
Data on historical trading for AT&T, Inc (NYSE:T) indicates that the trading volumes over the past 10 days have averaged 37.46 and over the past 3 months, they’ve averaged 33.87 million. According to company’s latest data on outstanding shares, there are 7.17 billion shares outstanding.
Nearly 0.27% of AT&T, Inc’s shares belong to company insiders and institutional investors own 61.83% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 122.67 million shares as on 2024-11-29, resulting in a short ratio of 3.76. According to the data, the short interest in AT&T, Inc (T) stood at 171.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 116.87 million. The stock has risen by 38.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the T stock heading into the next quarter.
