A.O. Smith Corp (NYSE:AOS) shares, rose in value, with the stock price down by -6.33% to the previous day’s close as strong demand from buyers drove the stock to $64.23.
Actively observing the price movement in the last trading, the stock closed the session at $68.57. The PE ratio was 17.96 over 12-month period. Referring to stock’s 52-week performance, its high was $92.44, and the low was $58.83. On the whole, AOS has fluctuated by -0.85% over the past month.
With the market capitalization of A.O. Smith Corp currently standing at about $9.13 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.34, with its dividend yield at 2.09%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.86B, with a low estimate of 954.8M and a high estimate of 1.04B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 997.89M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AOS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 100% 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 PEG ratio is about 2.94, with the price of AOS currently trading nearly -5.96% and -2.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.08, while the 7-day volatility ratio is showing 3.81% which for the 30-day chart, stands at 2.22%. Furthermore, A.O. Smith Corp (AOS)’s beta value is 1.23, and its average true range (ATR) is 1.80.
A comparison of A.O. Smith Corp (AOS) with its peers suggests the former has fared considerably weaker in the market. AOS showed an intraday change of -6.33% in last session, and over the past year, it shrunk by -23.60%%.
Data on historical trading for A.O. Smith Corp (NYSE:AOS) indicates that the trading volumes over the past 3 months, they’ve averaged 1.48 million. According to company’s latest data on outstanding shares, there are 118.45 million shares outstanding.
Nearly 19.59% of A.O. Smith Corp’s shares belong to company insiders and institutional investors own 80.41% of the company’s shares. The stock has fallen by -5.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AOS stock heading into the next quarter.
