PPG Industries, Inc. (NYSE:PPG) currently has a daily average trading volume of 1.47M but it saw 2329151 shares traded in last market. With a market cap of 31.39B USD, the company’s current market price of $134.55 came rising about 5.25 while comparing to the previous closing price of $127.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $151.16 and as low as $118.07. In the recent trading on the day, stock has struck highest price mark of $128.98 while lowest mark touched by it was $134.865.
Taking a look at 20-day trading activity of PPG Industries, Inc. (PPG) gives us an average price of $127.46, while its current price level is -10.99% below from 52-week high level whereas it is 13.96% 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 $125.52 while that of 200 days or SMA-200 reads an average of $134.52. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.95% during that period while stretching the period over a month that decreases to 1.71%. 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 71.29 which implies that the stock is in overbought 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 4.12% up while it is 5.85% when we observe its performance for the past one month. Year-to-date it is -10.03% down and over the past year, the stock is showing an upside performance of 4.62%.
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 22.05 while having a 14.83 of forward P/E ratio. Stock’s beta reads 1.25. Stock has a price to book (P/B) ratio of 4.04 while price to sale or P/S ratio amounts to 1.73. Its return on asset (ROA) is 6.57% on average.
