Martin Marietta Materials, Inc (NYSE:MLM) shares, rose in value on Friday, May 30, with the stock price down by -0.17% to the previous day’s close as strong demand from buyers drove the stock to $547.55.
Actively observing the price movement in the last trading, the stock closed the session at $548.48. The PE ratio was 31.48 over 12-month period. Referring to stock’s 52-week performance, its high was $633.23, and the low was $441.95. On the whole, MLM has fluctuated by 4.50% over the past month.
With the market capitalization of Martin Marietta Materials, Inc currently standing at about $33.01 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 3.11, with its dividend yield at 0.57%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MLM’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 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 2.62, with the price of MLM currently trading nearly -0.61% and 6.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.33, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 1.43%. Furthermore, Martin Marietta Materials, Inc (MLM)’s beta value is 0.89, and its average true range (ATR) is 12.60.
A comparison of Martin Marietta Materials, Inc (MLM) with its peers suggests the former has fared considerably weaker in the market. MLM showed an intraday change of -0.17% in last session, and over the past year, it shrunk by -3.99%%.
Data on historical trading for Martin Marietta Materials, Inc (NYSE:MLM) indicates that the trading volumes over the past 3 months, they’ve averaged 552.88K. According to company’s latest data on outstanding shares, there are 60.28 million shares outstanding.
Nearly 0.78% of Martin Marietta Materials, Inc’s shares belong to company insiders and institutional investors own 100.80% of the company’s shares. The stock has risen by 6.01% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MLM stock heading into the next quarter.
