POSCO Holdings Inc ADR (NYSE: PKX) – Time For Strategy Change?

money audit

POSCO Holdings Inc ADR (NYSE:PKX) currently has a daily average trading volume of 125.71K but it saw 2242532 shares traded in last market. With a market cap of 20.61B USD, the company’s current market price of $69.69 came falling about -0.16 while comparing to the previous closing price of $69.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $100.58 and as low as $58.00. In the recent trading on the day, stock has struck highest price mark of $69.19 while lowest mark touched by it was $70.0.

Taking a look at 20-day trading activity of POSCO Holdings Inc ADR (PKX) gives us an average price of $68.40, while its current price level is -30.71% below from 52-week high level whereas it is 20.16% 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 $65.01 while that of 200 days or SMA-200 reads an average of $73.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.90% during that period while stretching the period over a month that decreases to 1.68%. 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 55.19 which implies that the stock is in neutral territory.

Over the week, PKX’s stock price is moving -4.10% down while it is 8.03% when we observe its performance for the past one month. Year-to-date it is -26.73% down and over the past year, the stock is showing a downside performance of -29.13%.

The company is expected to be releasing its next quarterly report in November, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 4.7.

Currently, POSCO Holdings Inc ADR’s total number of outstanding shares is 303.50M. Company’s return on investment (ROI) stands at 1.91% and return on equity (ROE) at 2.48%. It has a price to earnings ratio (P/E ratio) of 23.96 while having a 12.78 of forward P/E ratio. Stock’s beta reads 1.43. Stock has a price to book (P/B) ratio of 0.53 while price to sale or P/S ratio amounts to 0.37. Its return on asset (ROA) is 1.30% on average.