Terex Corp (NYSE:TEX) shares, rose in value on Friday, January 03, with the stock price up by 2.76% to the previous day’s close as strong demand from buyers drove the stock to $45.75.
Actively observing the price movement in the last trading, the stock closed the session at $44.52, falling within a range of $44.27 and $45.75. The value of beta (5-year monthly) was 1.534 whereas the PE ratio was 6.67 over 12-month period. Referring to stock’s 52-week performance, its high was $68.08, and the low was $44.04. On the whole, TEX has fluctuated by -17.06% over the past month.
With the market capitalization of Terex Corp currently standing at about $3.06 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.68, with its dividend yield at 1.49%.
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 -4.18% and -10.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.46, while the 7-day volatility ratio is showing 3.26% which for the 30-day chart, stands at 3.37%. Furthermore, Terex Corp (TEX)’s beta value is 1.55, and its average true range (ATR) is 1.60.
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 2.76% in last session, and over the past year, it shrunk by -17.86%%.
Data on historical trading for Terex Corp (NYSE:TEX) indicates that the trading volumes over the past 10 days have averaged 0.88 and over the past 3 months, they’ve averaged 735.23K. 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 96.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.36 million shares as on 2024-12-13, resulting in a short ratio of 9.0. According to the data, the short interest in Terex Corp (TEX) stood at 1107.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 5.1 million. The stock has fallen by -1.02% 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.
