Tractor Supply Co (NASDAQ:TSCO) shares, rose in value on Wednesday, January 22, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $57.47.
Actively observing the price movement in the last trading, the stock closed the session at $56.88, falling within a range of $56.71 and $58.1199. The value of beta (5-year monthly) was 0.814 whereas the PE ratio was 27.97 over 12-month period. Referring to stock’s 52-week performance, its high was $61.53, and the low was $44.35. On the whole, TSCO has fluctuated by 8.36% over the past month.
With the market capitalization of Tractor Supply Co currently standing at about $31.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 4.40, with its dividend yield at 7.66%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 14.9B, with a low estimate of 3.74B and a high estimate of 3.86B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.79B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TSCO’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 4.30, with the price of TSCO currently trading nearly 6.33% and 4.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.83, while the 7-day volatility ratio is showing 3.10% which for the 30-day chart, stands at 2.72%. Furthermore, Tractor Supply Co (TSCO)’s beta value is 0.84, and its average true range (ATR) is 1.51.
A comparison of Tractor Supply Co (TSCO) with its peers suggests the former has fared considerably weaker in the market. TSCO showed an intraday change of 1.04% in last session, and over the past year, it grew by 24.36%%.
Data on historical trading for Tractor Supply Co (NASDAQ:TSCO) indicates that the trading volumes over the past 10 days have averaged 5.09 and over the past 3 months, they’ve averaged 5.28 million. According to company’s latest data on outstanding shares, there are 539.34 million shares outstanding.
Nearly 0.29% of Tractor Supply Co’s shares belong to company insiders and institutional investors own 96.16% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.79 million shares as on 2024-12-31, resulting in a short ratio of 6.4. According to the data, the short interest in Tractor Supply Co (TSCO) stood at 721.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 28.47 million. The stock has risen by 8.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSCO stock heading into the next quarter.
