Howmet Aerospace Inc (NYSE:HWM) shares, rose in value on Thursday, February 13, with the stock price down by -0.01% to the previous day’s close as strong demand from buyers drove the stock to $128.08.
Actively observing the price movement in the last trading, the stock closed the session at $128.09. The PE ratio was 49.04 over 12-month period. Referring to stock’s 52-week performance, its high was $129.95, and the low was $58.54. On the whole, HWM has fluctuated by 7.46% over the past month.
With the market capitalization of Howmet Aerospace Inc currently standing at about $52.03 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.31, with its dividend yield at 0.24%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.08B, with a low estimate of 1.88B and a high estimate of 1.94B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.91B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HWM’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 2.63, with the price of HWM currently trading nearly 1.02% and 7.59% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.11, while the 7-day volatility ratio is showing 2.46% which for the 30-day chart, stands at 2.22%. Furthermore, Howmet Aerospace Inc (HWM)’s beta value is 1.57, and its average true range (ATR) is 3.04.
A comparison of Howmet Aerospace Inc (HWM) with its peers suggests the former has fared considerably weaker in the market. HWM showed an intraday change of -0.01% in last session, and over the past year, it grew by 117.71%%.
Data on historical trading for Howmet Aerospace Inc (NYSE:HWM) indicates that the trading volumes over the past 3 months, they’ve averaged 2.43 million. According to company’s latest data on outstanding shares, there are 407.13 million shares outstanding.
Nearly 1.29% of Howmet Aerospace Inc’s shares belong to company insiders and institutional investors own 91.14% of the company’s shares. The stock has risen by 17.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HWM stock heading into the next quarter.
