Timken Co (NYSE:TKR) shares, rose in value on Friday, May 30, with the stock price down by -1.74% to the previous day’s close as strong demand from buyers drove the stock to $68.49.
Actively observing the price movement in the last trading, the stock closed the session at $69.70. The PE ratio was 14.78 over 12-month period. Referring to stock’s 52-week performance, its high was $90.49, and the low was $56.20. On the whole, TKR has fluctuated by 6.60% over the past month.
With the market capitalization of Timken Co currently standing at about $4.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.37, with its dividend yield at 2.00%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TKR’s technical picture suggests that short-term indicators denote the stock is a 50% Sell 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.69, with the price of TKR currently trading nearly -2.07% and 1.38% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.91, while the 7-day volatility ratio is showing 2.43% which for the 30-day chart, stands at 2.28%. Furthermore, Timken Co (TKR)’s beta value is 1.28, and its average true range (ATR) is 2.00.
A comparison of Timken Co (TKR) with its peers suggests the former has fared considerably weaker in the market. TKR showed an intraday change of -1.74% in last session, and over the past year, it shrunk by -20.03%%.
Data on historical trading for Timken Co (NYSE:TKR) indicates that the trading volumes over the past 3 months, they’ve averaged 712.23K. According to company’s latest data on outstanding shares, there are 69.96 million shares outstanding.
Nearly 10.52% of Timken Co’s shares belong to company insiders and institutional investors own 88.34% of the company’s shares. The stock has fallen by -4.04% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TKR stock heading into the next quarter.
