General Mills, Inc (NYSE:GIS) shares, rose in value on Wednesday, January 22, with the stock price down by -1.23% to the previous day’s close as strong demand from buyers drove the stock to $59.32.
Actively observing the price movement in the last trading, the stock closed the session at $60.06, falling within a range of $59.23 and $60.45. The value of beta (5-year monthly) was 0.107 whereas the PE ratio was 12.91 over 12-month period. Referring to stock’s 52-week performance, its high was $75.90, and the low was $57.94. On the whole, GIS has fluctuated by -7.18% over the past month.
With the market capitalization of General Mills, Inc currently standing at about $32.70 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 2.39, with its dividend yield at 4.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.93B, with a low estimate of 5.02B and a high estimate of 5.15B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.07B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that GIS’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 PEG ratio is about 5.15, with the price of GIS currently trading nearly -3.51% and -6.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.30, while the 7-day volatility ratio is showing 1.83% which for the 30-day chart, stands at 1.85%. Furthermore, General Mills, Inc (GIS)’s beta value is 0.09, and its average true range (ATR) is 1.23.
A comparison of General Mills, Inc (GIS) with its peers suggests the former has fared considerably weaker in the market. GIS showed an intraday change of -1.23% in last session, and over the past year, it shrunk by -6.06%%.
Data on historical trading for General Mills, Inc (NYSE:GIS) indicates that the trading volumes over the past 10 days have averaged 4.86 and over the past 3 months, they’ve averaged 4.20 million. According to company’s latest data on outstanding shares, there are 552.20 million shares outstanding.
Nearly 0.40% of General Mills, Inc’s shares belong to company insiders and institutional investors own 80.09% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.18 million shares as on 2024-11-29, resulting in a short ratio of 5.31. According to the data, the short interest in General Mills, Inc (GIS) stood at 429.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 18.55 million. The stock has fallen by -6.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GIS stock heading into the next quarter.
