China Yuchai International (NYSE:CYD) price closed higher on Friday, February 21, and jumping 5.37% above its previous close.
A look at the daily price movement shows that the last close reads $18.98. The company’s P/E ratio in the trailing 12-month period read 16.99. Taking into account the 52-week price action we note that the stock hit a 52-week high of $23.22 and 52-week low of $7.95. The stock added 69.64% on its value in the past month.
China Yuchai International, which has a market valuation of $817.17 million, is expected to release its quarterly earnings report in March. The company stock has a Forward Dividend ratio of 0.38, while the dividend yield is 1.90%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Staying with the analyst view, there is a consensus estimate of 19.96B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 10.58% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give CYD a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CYD’s price is at present 62.36% off the SMA20 and 83.29% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 88.37, with weekly volatility standing at 17.47%. The indicator jumps to 7.58% when calculated based on the past 30 days. China Yuchai International (NYSE:CYD)’s beta value is holding at 1.00, while the average true range (ATR) indicator is currently reading 1.58.
An analysis of the China Yuchai International (NYSE:CYD) stock in terms of its daily trading volume indicates that the 3-month average is 78.64K.
Current records show that the company has 40.86M in outstanding shares. The insiders’ percentage holdings are 62.92% of outstanding shares while the percentage share held by institutions stands at 13.07%. But the 109.86% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
