Analog Devices Inc (NASDAQ:ADI) shares, rose in value, with the stock price down by -0.59% to the previous day’s close as strong demand from buyers drove the stock to $215.62.
Actively observing the price movement in the last trading, the stock closed the session at $216.89. The PE ratio was 58.70 over 12-month period. Referring to stock’s 52-week performance, its high was $247.10, and the low was $158.65. On the whole, ADI has fluctuated by 11.30% over the past month.
With the market capitalization of Analog Devices Inc currently standing at about $107.00 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.75, with its dividend yield at 1.74%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ADI’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Sell 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 3.35, with the price of ADI currently trading nearly 1.52% and 7.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.10, while the 7-day volatility ratio is showing 3.17% which for the 30-day chart, stands at 2.35%. Furthermore, Analog Devices Inc (ADI)’s beta value is 1.01, and its average true range (ATR) is 6.85.
A comparison of Analog Devices Inc (ADI) with its peers suggests the former has fared considerably weaker in the market. ADI showed an intraday change of -0.59% in last session, and over the past year, it shrunk by -8.07%%.
Data on historical trading for Analog Devices Inc (NASDAQ:ADI) indicates that the trading volumes over the past 3 months, they’ve averaged 4.39 million. According to company’s latest data on outstanding shares, there are 496.25 million shares outstanding.
Nearly 0.29% of Analog Devices Inc’s shares belong to company insiders and institutional investors own 89.41% of the company’s shares. The stock has risen by 1.49% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ADI stock heading into the next quarter.
