Altria Group Inc (NYSE:MO) shares, rose in value, with the stock price up by 1.17% to the previous day’s close as strong demand from buyers drove the stock to $60.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $59.48. The PE ratio was 10.07 over 12-month period. Referring to stock’s 52-week performance, its high was $61.26, and the low was $43.83. On the whole, MO has fluctuated by 1.73% over the past month.
With the market capitalization of Altria Group Inc currently standing at about $101.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 4.04, with its dividend yield at 6.71%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.13B, with a low estimate of 5.16B and a high estimate of 5.25B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.21B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that MO’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 2.79, with the price of MO currently trading nearly 1.64% and 3.17% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.13, while the 7-day volatility ratio is showing 0.45% which for the 30-day chart, stands at 1.42%. Furthermore, Altria Group Inc (MO)’s beta value is 0.64, and its average true range (ATR) is 0.95.
A comparison of Altria Group Inc (MO) with its peers suggests the former has fared considerably weaker in the market. MO showed an intraday change of 1.17% in today’s session so far, and over the past year, it grew by 32.31%%.
Data on historical trading for Altria Group Inc (NYSE:MO) indicates that the trading volumes over the past 3 months, they’ve averaged 10.30 million. According to company’s latest data on outstanding shares, there are 1.69 billion shares outstanding.
Nearly 0.16% of Altria Group Inc’s shares belong to company insiders and institutional investors own 62.95% of the company’s shares. The stock has risen by 15.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the MO stock heading into the next quarter.
