Coca-Cola Co (NYSE:KO) shares, rose in value, with the stock price down by -0.67% to the previous day’s close as strong demand from buyers drove the stock to $69.61.
Actively observing the price movement in the recent trading, the stock is buoying the session at $70.08. The PE ratio was 28.29 over 12-month period. Referring to stock’s 52-week performance, its high was $73.53, and the low was $57.93. On the whole, KO has fluctuated by 11.07% over the past month.
With the market capitalization of Coca-Cola Co currently standing at about $299.39 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 2.79%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 47.95B, with a low estimate of 11.02B and a high estimate of 11.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.24B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KO’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 Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.65, with the price of KO currently trading nearly 0.59% and 6.99% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.13, while the 7-day volatility ratio is showing 2.41% which for the 30-day chart, stands at 1.78%. Furthermore, Coca-Cola Co (KO)’s beta value is 0.47, and its average true range (ATR) is 1.31.
A comparison of Coca-Cola Co (KO) with its peers suggests the former has fared considerably weaker in the market. KO showed an intraday change of -0.67% in today’s session so far, and over the past year, it grew by 16.39%%.
Data on historical trading for Coca-Cola Co (NYSE:KO) indicates that the trading volumes over the past 3 months, they’ve averaged 17.65 million. According to company’s latest data on outstanding shares, there are 4.30 billion shares outstanding.
Nearly 0.77% of Coca-Cola Co’s shares belong to company insiders and institutional investors own 73.39% of the company’s shares. The stock has risen by 11.81% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KO stock heading into the next quarter.
