Sitio Royalties Corp (NYSE:STR) shares, rose in value on Friday, May 30, with the stock price down by -0.52% to the previous day’s close as strong demand from buyers drove the stock to $17.07.
Actively observing the price movement in the last trading, the stock closed the session at $17.16. The PE ratio was 32.76 over 12-month period. Referring to stock’s 52-week performance, its high was $25.64, and the low was $14.58. On the whole, STR has fluctuated by 0.65% over the past month.
With the market capitalization of Sitio Royalties Corp currently standing at about $2.58 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 7.85%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STR’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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 price of STR currently trading nearly -3.32% and -3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 43.22, while the 7-day volatility ratio is showing 1.28% which for the 30-day chart, stands at 1.96%. Furthermore, Sitio Royalties Corp (STR)’s beta value is 1.40, and its average true range (ATR) is 0.58.
A comparison of Sitio Royalties Corp (STR) with its peers suggests the former has fared considerably weaker in the market. STR showed an intraday change of -0.52% in last session, and over the past year, it shrunk by -26.23%%.
Data on historical trading for Sitio Royalties Corp (NYSE:STR) indicates that the trading volumes over the past 3 months, they’ve averaged 777.99K. According to company’s latest data on outstanding shares, there are 150.91 million shares outstanding.
Nearly 1.00% of Sitio Royalties Corp’s shares belong to company insiders and institutional investors own 91.60% of the company’s shares. The stock has fallen by -11.00% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STR stock heading into the next quarter.
