Toro Co (NYSE:TTC) shares, rose in value on Friday, December 13, with the stock price up by 0.67% to the previous day’s close as strong demand from buyers drove the stock to $88.32.
Actively observing the price movement in the last trading, the stock closed the session at $87.73, falling within a range of $87.11 and $88.33. The value of beta (5-year monthly) was 0.694 whereas the PE ratio was 23.10 over 12-month period. Referring to stock’s 52-week performance, its high was $102.00, and the low was $77.15. On the whole, TTC has fluctuated by 6.80% over the past month.
With the market capitalization of Toro Co currently standing at about $9.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 1.44, with its dividend yield at 1.63%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.6B, with a low estimate of 1.08B and a high estimate of 1.1B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.09B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 2.26, with the price of TTC currently trading nearly 3.11% and 4.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.55, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.82%. Furthermore, Toro Co (TTC)’s beta value is 0.71, and its average true range (ATR) is 1.75.
A comparison of Toro Co (TTC) with its peers suggests the former has fared considerably weaker in the market. TTC showed an intraday change of 0.67% in last session, and over the past year, it grew by 3.24%%.
Data on historical trading for Toro Co (NYSE:TTC) indicates that the trading volumes over the past 10 days have averaged 0.63 and over the past 3 months, they’ve averaged 741.35K. According to company’s latest data on outstanding shares, there are 103.06 million shares outstanding.
Nearly 0.34% of Toro Co’s shares belong to company insiders and institutional investors own 90.87% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.99 million shares as on 2024-11-29, resulting in a short ratio of 8.27. According to the data, the short interest in Toro Co (TTC) stood at 609.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 5.19 million. The stock has fallen by -7.99% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTC stock heading into the next quarter.
