Philip Morris International Inc (NYSE:PM) shares, rose in value on Wednesday, January 22, with the stock price down by -0.74% to the previous day’s close as strong demand from buyers drove the stock to $122.89.
Actively observing the price movement in the last trading, the stock closed the session at $123.81, falling within a range of $122.37 and $123.51. The value of beta (5-year monthly) was 0.56 whereas the PE ratio was 19.49 over 12-month period. Referring to stock’s 52-week performance, its high was $134.15, and the low was $87.82. On the whole, PM has fluctuated by -1.33% over the past month.
With the market capitalization of Philip Morris International Inc currently standing at about $191.07 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 5.30, with its dividend yield at 4.31%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.63B, with a low estimate of 9.16B and a high estimate of 9.66B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.44B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PM’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% Buy 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 1.88, with the price of PM currently trading nearly 1.50% and -2.07% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.38, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 1.55%. Furthermore, Philip Morris International Inc (PM)’s beta value is 0.57, and its average true range (ATR) is 2.09.
A comparison of Philip Morris International Inc (PM) with its peers suggests the former has fared considerably weaker in the market. PM showed an intraday change of -0.74% in last session, and over the past year, it grew by 33.11%%.
Data on historical trading for Philip Morris International Inc (NYSE:PM) indicates that the trading volumes over the past 10 days have averaged 5.23 and over the past 3 months, they’ve averaged 5.26 million. According to company’s latest data on outstanding shares, there are 1.55 billion shares outstanding.
Nearly 0.16% of Philip Morris International Inc’s shares belong to company insiders and institutional investors own 80.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.21 million shares as on 2024-12-31, resulting in a short ratio of 1.89. According to the data, the short interest in Philip Morris International Inc (PM) stood at 59.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 9.15 million. The stock has risen by 2.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PM stock heading into the next quarter.
