Thor Industries, Inc. (NYSE: THO) Emerges As Guiding Light For Investors

Thor Industries, Inc. (NYSE:THO) currently has a daily average trading volume of 518.76K but it saw 968405 shares traded in last market. With a market cap of 5.13B USD, the company’s current market price of $96.50 came falling about -2.48 while comparing to the previous closing price of $98.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $129.31 and as low as $84.54.

Taking a look at 20-day trading activity of Thor Industries, Inc. (THO) gives us an average price of $95.81, while its current price level is -25.37% below from 52-week high level whereas it is 14.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $96.24 while that of 200 days or SMA-200 reads an average of $104.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.93% during that period while stretching the period over a month that decreases to 2.80%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 49.81 which implies that the stock is in neutral territory.

Citigroup upgraded its recommendation for the stock as a “Buy” from “Neutral” on March 15, 2024 while assigning a price target range of $111-$122.

Over the week, THO’s stock price is moving -3.71% down while it is 6.14% when we observe its performance for the past one month. Year-to-date it is -18.39% down and over the past year, the stock is showing a downside performance of -12.79%.

Currently, Thor Industries, Inc.’s total number of outstanding shares is 53.31M. Company’s return on investment (ROI) stands at 5.06% and return on equity (ROE) at 6.73%. It has a price to earnings ratio (P/E ratio) of 19.55 while having a 14.30 of forward P/E ratio. Stock’s beta reads 1.71. Stock has a price to book (P/B) ratio of 1.28 while price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is 3.60% on average.