Rio Tinto plc ADR (NYSE:RIO) shares, rose in value, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $62.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $61.56, falling within a range of $62.06 and $62.43. The value of beta (5-year monthly) is 0.617 whereas the PE ratio is 9.48 over 12-month period. Referring to stock’s 52-week performance, its high was $74.24, and the low was $57.85. On the whole, RIO has fluctuated by 6.07% over the past month.
With the market capitalization of Rio Tinto plc ADR currently standing at about $77.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 4.35, with its dividend yield at 6.99%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RIO’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% 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 price of RIO currently trading nearly 4.18% and 1.74% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.03, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 1.35%. Furthermore, Rio Tinto plc ADR (RIO)’s beta value is 0.67, and its average true range (ATR) is 1.03.
A comparison of Rio Tinto plc ADR (RIO) with its peers suggests the former has fared considerably weaker in the market. RIO showed an intraday change of 1.04% in today’s session so far, and over the past year, it shrunk by -9.51%%.
Data on historical trading for Rio Tinto plc ADR (NYSE:RIO) indicates that the trading volumes over the past 10 days have averaged 4.18 and over the past 3 months, they’ve averaged 2.90 million. According to company’s latest data on outstanding shares, there are 1.25 billion shares outstanding.
Nearly 0.00% of Rio Tinto plc ADR’s shares belong to company insiders and institutional investors own 10.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.18 million shares as on 2024-12-31, resulting in a short ratio of 3.03. According to the data, the short interest in Rio Tinto plc ADR (RIO) stood at 86.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 7.45 million. The stock has risen by 5.76% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RIO stock heading into the next quarter.
