United Rentals, Inc (NYSE:URI) shares, rose in value on Friday, May 30, with the stock price down by -0.92% to the previous day’s close as strong demand from buyers drove the stock to $708.38.
Actively observing the price movement in the last trading, the stock closed the session at $714.98. The PE ratio was 18.34 over 12-month period. Referring to stock’s 52-week performance, its high was $896.98, and the low was $525.91. On the whole, URI has fluctuated by 12.18% over the past month.
With the market capitalization of United Rentals, Inc currently standing at about $46.04 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 6.84, with its dividend yield at 0.97%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that URI’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% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.55, with the price of URI currently trading nearly 1.58% and 9.70% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.18, while the 7-day volatility ratio is showing 1.56% which for the 30-day chart, stands at 2.01%. Furthermore, United Rentals, Inc (URI)’s beta value is 1.71, and its average true range (ATR) is 19.80.
A comparison of United Rentals, Inc (URI) with its peers suggests the former has fared considerably weaker in the market. URI showed an intraday change of -0.92% in last session, and over the past year, it grew by 6.56%%.
Data on historical trading for United Rentals, Inc (NYSE:URI) indicates that the trading volumes over the past 3 months, they’ve averaged 709.95K. According to company’s latest data on outstanding shares, there are 65.00 million shares outstanding.
Nearly 0.55% of United Rentals, Inc’s shares belong to company insiders and institutional investors own 92.55% of the company’s shares. The stock has risen by 0.56% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the URI stock heading into the next quarter.
