Howmet Aerospace Inc (NYSE:HWM) shares, rose in value, with the stock price down by -0.38% to the previous day’s close as strong demand from buyers drove the stock to $169.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $170.32. The PE ratio was 55.32 over 12-month period. Referring to stock’s 52-week performance, its high was $171.51, and the low was $76.83. On the whole, HWM has fluctuated by 23.40% over the past month.
With the market capitalization of Howmet Aerospace Inc currently standing at about $68.49 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.36, with its dividend yield at 0.21%.
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 1.98B and a high estimate of 2.12B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.01B.
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 2.52, with the price of HWM currently trading nearly 5.55% and 19.91% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.61, while the 7-day volatility ratio is showing 1.18% which for the 30-day chart, stands at 1.76%. Furthermore, Howmet Aerospace Inc (HWM)’s beta value is 1.44, and its average true range (ATR) is 4.31.
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 -0.38% in today’s session so far, and over the past year, it grew by 100.27%%.
Data on historical trading for Howmet Aerospace Inc (NYSE:HWM) indicates that the trading volumes over the past 3 months, they’ve averaged 3.03 million. According to company’s latest data on outstanding shares, there are 404.00 million shares outstanding.
Nearly 1.01% of Howmet Aerospace Inc’s shares belong to company insiders and institutional investors own 94.40% of the company’s shares. The stock has risen by 55.13% 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.
