Home Depot, Inc (NYSE:HD) shares, rose in value on Wednesday, January 22, with the stock price down by -1.99% to the previous day’s close as strong demand from buyers drove the stock to $410.10.
Actively observing the price movement in the last trading, the stock closed the session at $418.43, falling within a range of $409.33 and $417.48. The value of beta (5-year monthly) was 1.011 whereas the PE ratio was 27.86 over 12-month period. Referring to stock’s 52-week performance, its high was $439.37, and the low was $323.77. On the whole, HD has fluctuated by 4.13% over the past month.
With the market capitalization of Home Depot, Inc currently standing at about $407.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 9.00, with its dividend yield at 2.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 158.39B, with a low estimate of 36.31B and a high estimate of 39.21B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 38.7B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HD’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 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 7.37, with the price of HD currently trading nearly 3.68% and 0.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.56, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 1.69%. Furthermore, Home Depot, Inc (HD)’s beta value is 1.06, and its average true range (ATR) is 7.82.
A comparison of Home Depot, Inc (HD) with its peers suggests the former has fared considerably weaker in the market. HD showed an intraday change of -1.99% in last session, and over the past year, it grew by 13.16%%.
Data on historical trading for Home Depot, Inc (NYSE:HD) indicates that the trading volumes over the past 10 days have averaged 3.46 and over the past 3 months, they’ve averaged 3.32 million. According to company’s latest data on outstanding shares, there are 993.00 million shares outstanding.
Nearly 0.06% of Home Depot, Inc’s shares belong to company insiders and institutional investors own 72.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.96 million shares as on 2024-12-31, resulting in a short ratio of 3.52. According to the data, the short interest in Home Depot, Inc (HD) stood at 110.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 10.54 million. The stock has risen by 5.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HD stock heading into the next quarter.
