Deere & Co (NYSE:DE) shares, rose in value on Friday, January 03, with the stock price up by 0.97% to the previous day’s close as strong demand from buyers drove the stock to $422.22.
Actively observing the price movement in the last trading, the stock closed the session at $418.18, falling within a range of $416.68 and $422.94. The value of beta (5-year monthly) was 0.935 whereas the PE ratio was 16.49 over 12-month period. Referring to stock’s 52-week performance, its high was $469.39, and the low was $340.20. On the whole, DE has fluctuated by -8.06% over the past month.
With the market capitalization of Deere & Co currently standing at about $114.66 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 6.03, with its dividend yield at 1.43%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 39.07B, with a low estimate of 7.46B and a high estimate of 8.3B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.75B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DE’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 50% 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 2.04, with the price of DE currently trading nearly -2.92% and -0.77% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.50, while the 7-day volatility ratio is showing 1.80% which for the 30-day chart, stands at 1.87%. Furthermore, Deere & Co (DE)’s beta value is 0.98, and its average true range (ATR) is 8.58.
A comparison of Deere & Co (DE) with its peers suggests the former has fared considerably weaker in the market. DE showed an intraday change of 0.97% in last session, and over the past year, it grew by 7.34%%.
Data on historical trading for Deere & Co (NYSE:DE) indicates that the trading volumes over the past 10 days have averaged 1.09 and over the past 3 months, they’ve averaged 1.17 million. According to company’s latest data on outstanding shares, there are 271.75 million shares outstanding.
Nearly 7.45% of Deere & Co’s shares belong to company insiders and institutional investors own 72.74% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.37 million shares as on 2024-10-31, resulting in a short ratio of 6.18. According to the data, the short interest in Deere & Co (DE) stood at 197.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 5.52 million. The stock has fallen by -0.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DE stock heading into the next quarter.
