Analog Devices Inc (NASDAQ:ADI) shares, rose in value, with the stock price down by -2.94% to the previous day’s close as strong demand from buyers drove the stock to $221.63.
Actively observing the price movement in the recent trading, the stock is buoying the session at $228.35, falling within a range of $220.14 and $225.415. The value of beta (5-year monthly) is 1.078 whereas the PE ratio is 67.59 over 12-month period. Referring to stock’s 52-week performance, its high was $244.14, and the low was $182.57. On the whole, ADI has fluctuated by 4.65% over the past month.
With the market capitalization of Analog Devices Inc currently standing at about $109.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 3.68, with its dividend yield at 1.66%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADI’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% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 3.57, with the price of ADI currently trading nearly 1.97% and 2.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.33, while the 7-day volatility ratio is showing 2.28% which for the 30-day chart, stands at 2.44%. Furthermore, Analog Devices Inc (ADI)’s beta value is 1.05, and its average true range (ATR) is 5.84.
A comparison of Analog Devices Inc (ADI) with its peers suggests the former has fared considerably weaker in the market. ADI showed an intraday change of -2.94% in today’s session so far, and over the past year, it grew by 10.06%%.
Data on historical trading for Analog Devices Inc (NASDAQ:ADI) indicates that the trading volumes over the past 10 days have averaged 3.17 and over the past 3 months, they’ve averaged 3.10 million. According to company’s latest data on outstanding shares, there are 496.30 million shares outstanding.
Nearly 0.26% of Analog Devices Inc’s shares belong to company insiders and institutional investors own 88.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.43 million shares as on 2024-10-31, resulting in a short ratio of 3.15. According to the data, the short interest in Analog Devices Inc (ADI) stood at 150.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 9.62 million. The stock has risen by 4.32% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADI stock heading into the next quarter.
