Terex Corp (NYSE:TEX) shares, rose in value on Friday, December 13, with the stock price down by -2.15% to the previous day’s close as strong demand from buyers drove the stock to $49.55.
Actively observing the price movement in the last trading, the stock closed the session at $50.64, falling within a range of $49.42 and $50.98. The value of beta (5-year monthly) was 1.534 whereas the PE ratio was 7.22 over 12-month period. Referring to stock’s 52-week performance, its high was $68.08, and the low was $48.11. On the whole, TEX has fluctuated by -3.97% over the past month.
With the market capitalization of Terex Corp currently standing at about $3.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.68, with its dividend yield at 1.37%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TEX’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of TEX currently trading nearly -6.51% and -7.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.49, while the 7-day volatility ratio is showing 2.97% which for the 30-day chart, stands at 2.83%. Furthermore, Terex Corp (TEX)’s beta value is 1.53, and its average true range (ATR) is 1.71.
A comparison of Terex Corp (TEX) with its peers suggests the former has fared considerably weaker in the market. TEX showed an intraday change of -2.15% in last session, and over the past year, it shrunk by -6.03%%.
Data on historical trading for Terex Corp (NYSE:TEX) indicates that the trading volumes over the past 10 days have averaged 0.61 and over the past 3 months, they’ve averaged 759.57K. According to company’s latest data on outstanding shares, there are 66.00 million shares outstanding.
Nearly 2.54% of Terex Corp’s shares belong to company insiders and institutional investors own 96.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.94 million shares as on 2024-11-29, resulting in a short ratio of 6.81. According to the data, the short interest in Terex Corp (TEX) stood at 1019.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 4.98 million. The stock has fallen by -13.77% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TEX stock heading into the next quarter.
