With 222.20M Outstanding Shares, Can Air Products & Chemicals Inc (NYSE: APD) Deliver Big Short-Term Gains?

Air Products & Chemicals Inc (NYSE:APD) currently has a daily average trading volume of 1.30M but it saw 2280870 shares traded in last market. With a market cap of 69.04B USD, the company’s current market price of $310.53 came falling about -0.72 while comparing to the previous closing price of $312.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $332.42 and as low as $212.24. In the recent trading on the day, stock has struck highest price mark of $307.13 while lowest mark touched by it was $314.2.

Taking a look at 20-day trading activity of Air Products & Chemicals Inc (APD) gives us an average price of $318.52, while its current price level is -6.59% below from 52-week high level whereas it is 46.31% 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 $297.68 while that of 200 days or SMA-200 reads an average of $263.62. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.45% during that period while stretching the period over a month that increases to 1.70%. 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 48.41 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Redburn Atlantic which upgraded the stock as “Neutral” in its note to investors issued on October 25, 2024, recommending a price target of $330 for it. Vertical Research upgraded its recommendation for the stock as a “Buy” from “Hold” on October 07, 2024 while assigning a price target of $336. Jefferies also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $295 and $364.

Over the week, APD’s stock price is moving -3.59% down while it is 7.08% when we observe its performance for the past one month. Year-to-date it is 13.41% up and over the past year, the stock is showing an upside performance of 9.95%.

Currently, Air Products & Chemicals Inc’s total number of outstanding shares is 222.20M. Company’s return on investment (ROI) stands at 8.96% and return on equity (ROE) at 17.53%. It has a price to earnings ratio (P/E ratio) of 26.99 while having a 23.27 of forward P/E ratio. Stock’s beta reads 0.83. Stock has a price to book (P/B) ratio of 4.57 while price to sale or P/S ratio amounts to 5.70. Its return on asset (ROA) is 7.55% on average.