Metlife Inc (NYSE:MET) shares, rose in value on Wednesday, January 22, with the stock price down by -1.29% to the previous day’s close as strong demand from buyers drove the stock to $85.76.
Actively observing the price movement in the last trading, the stock closed the session at $86.88, falling within a range of $85.62 and $86.715. The value of beta (5-year monthly) was 1.039 whereas the PE ratio was 17.30 over 12-month period. Referring to stock’s 52-week performance, its high was $89.05, and the low was $64.61. On the whole, MET has fluctuated by 8.85% over the past month.
With the market capitalization of Metlife Inc currently standing at about $59.38 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.15, with its dividend yield at 2.51%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 72.81B, with a low estimate of 17.91B and a high estimate of 20.68B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 19.49B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MET’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 1.26, with the price of MET currently trading nearly 3.27% and 2.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.12, while the 7-day volatility ratio is showing 1.48% which for the 30-day chart, stands at 1.87%. Furthermore, Metlife Inc (MET)’s beta value is 1.06, and its average true range (ATR) is 1.70.
A comparison of Metlife Inc (MET) with its peers suggests the former has fared considerably weaker in the market. MET showed an intraday change of -1.29% in last session, and over the past year, it grew by 24.49%%.
Data on historical trading for Metlife Inc (NYSE:MET) indicates that the trading volumes over the past 10 days have averaged 3.82 and over the past 3 months, they’ve averaged 3.40 million. According to company’s latest data on outstanding shares, there are 693.65 million shares outstanding.
Nearly 16.45% of Metlife Inc’s shares belong to company insiders and institutional investors own 75.21% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.28 million shares as on 2024-12-31, resulting in a short ratio of 1.81. According to the data, the short interest in Metlife Inc (MET) stood at 109.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 6.2 million. The stock has risen by 4.74% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MET stock heading into the next quarter.
