PPG Industries, Inc. (NYSE:PPG) currently has a daily average trading volume of 1.50M but it saw 1497214 shares traded in last market. With a market cap of 29.38B USD, the company’s current market price of $125.94 came rising about 0.56 while comparing to the previous closing price of $125.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $151.16 and as low as $120.32.
Taking a look at 20-day trading activity of PPG Industries, Inc. (PPG) gives us an average price of $127.64, while its current price level is -16.68% below from 52-week high level whereas it is 4.67% 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 $129.35 while that of 200 days or SMA-200 reads an average of $135.93. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.93% during that period while stretching the period over a month that decreases to 1.63%. 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 42.85 which implies that the stock is in neutral territory.
Evercore ISI downgraded its recommendation for the stock as a “In-line” from “Outperform” on April 22, 2024 while assigning a price target of $152. Wells Fargo also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $150 and $163.
Over the week, PPG’s stock price is moving -4.38% down while it is 0.57% when we observe its performance for the past one month. Year-to-date it is -15.79% down and over the past year, the stock is showing a downside performance of -14.33%.
Currently, PPG Industries, Inc.’s total number of outstanding shares is 235.21M. Company’s return on investment (ROI) stands at 10.22% and return on equity (ROE) at 18.78%. It has a price to earnings ratio (P/E ratio) of 20.64 while having a 13.81 of forward P/E ratio. Stock’s beta reads 1.26. Stock has a price to book (P/B) ratio of 3.78 while price to sale or P/S ratio amounts to 1.62. Its return on asset (ROA) is 6.57% on average.
