Toro Co (NYSE:TTC) shares, rose in value on Friday, January 24, with the stock price down by -0.57% to the previous day’s close as strong demand from buyers drove the stock to $86.06.
Actively observing the price movement in the last trading, the stock closed the session at $86.55, falling within a range of $85.56 and $86.515. The value of beta (5-year monthly) was 0.694 whereas the PE ratio was 21.38 over 12-month period. Referring to stock’s 52-week performance, its high was $100.93, and the low was $76.95. On the whole, TTC has fluctuated by 5.62% over the past month.
With the market capitalization of Toro Co currently standing at about $8.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.46, with its dividend yield at 1.70%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 4.61B, with a low estimate of 994M and a high estimate of 1.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.01B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TTC’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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.99, with the price of TTC currently trading nearly 5.61% and 3.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.98, while the 7-day volatility ratio is showing 1.88% which for the 30-day chart, stands at 2.21%. Furthermore, Toro Co (TTC)’s beta value is 0.73, and its average true range (ATR) is 1.83.
A comparison of Toro Co (TTC) with its peers suggests the former has fared considerably weaker in the market. TTC showed an intraday change of -0.57% in last session, and over the past year, it shrunk by -8.17%%.
Data on historical trading for Toro Co (NYSE:TTC) indicates that the trading volumes over the past 10 days have averaged 0.73 and over the past 3 months, they’ve averaged 736.25K. According to company’s latest data on outstanding shares, there are 101.47 million shares outstanding.
Nearly 0.35% of Toro Co’s shares belong to company insiders and institutional investors own 91.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.99 million shares as on 2024-11-29, resulting in a short ratio of 8.27. According to the data, the short interest in Toro Co (TTC) stood at 609.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 5.19 million. The stock has risen by 7.44% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TTC stock heading into the next quarter.
