Pilgrim’s Pride Corp (NASDAQ:PPC) shares, rose in value on Friday, December 13, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $49.96.
Actively observing the price movement in the last trading, the stock closed the session at $49.83, falling within a range of $49.55 and $50.26. The value of beta (5-year monthly) was 0.816 whereas the PE ratio was 12.05 over 12-month period. Referring to stock’s 52-week performance, its high was $55.50, and the low was $25.68. On the whole, PPC has fluctuated by -5.24% over the past month.
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With the market capitalization of Pilgrim’s Pride Corp currently standing at about $11.85 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 18.11B, with a low estimate of 4.43B and a high estimate of 4.79B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.63B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PPC’s technical picture suggests that short-term indicators denote the stock is a 50% 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 0.25, with the price of PPC currently trading nearly -1.75% and 1.61% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.41, while the 7-day volatility ratio is showing 2.82% which for the 30-day chart, stands at 2.80%. Furthermore, Pilgrim’s Pride Corp (PPC)’s beta value is 0.82, and its average true range (ATR) is 1.42.
A comparison of Pilgrim’s Pride Corp (PPC) with its peers suggests the former has fared considerably weaker in the market. PPC showed an intraday change of 0.26% in last session, and over the past year, it grew by 85.31%%.
Data on historical trading for Pilgrim’s Pride Corp (NASDAQ:PPC) indicates that the trading volumes over the past 10 days have averaged 0.87 and over the past 3 months, they’ve averaged 1.37 million. According to company’s latest data on outstanding shares, there are 237.12 million shares outstanding.
Nearly 82.59% of Pilgrim’s Pride Corp’s shares belong to company insiders and institutional investors own 20.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.7 million shares as on 2024-11-29, resulting in a short ratio of 6.95. According to the data, the short interest in Pilgrim’s Pride Corp (PPC) stood at 1620.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 5.46 million. The stock has risen by 80.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PPC stock heading into the next quarter.
