Investors Are Waking Up To Honeywell International Inc (NASDAQ: HON) After Rising 24.96% Over The Past 12 Months

Honeywell International Inc (NASDAQ:HON) currently has a daily average trading volume of 3.47M but it saw 5520930 shares traded in last market. With a market cap of 151.55B USD, the company’s current market price of $233.07 came falling about -0.36 while comparing to the previous closing price of $233.91. In past 52 weeks, the stock remained buoying in the range of price level as high as $242.77 and as low as $185.71. In the recent trading on the day, stock has struck highest price mark of $232.18 while lowest mark touched by it was $236.53.

Taking a look at 20-day trading activity of Honeywell International Inc (HON) gives us an average price of $215.80, while its current price level is -4.00% below from 52-week high level whereas it is 25.50% 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 $210.22 while that of 200 days or SMA-200 reads an average of $204.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.65% during that period while stretching the period over a month that decreases to 2.07%. 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 74.34 which implies that the stock is in overbought territory.

Robert W. Baird downgraded its recommendation for the stock as a “Neutral” from “Outperform” on October 25, 2024 while assigning a price target range of $223-$217. BofA Securities also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $250 and $230.

Over the week, HON’s stock price is moving 7.70% up while it is 7.27% when we observe its performance for the past one month. Year-to-date it is 11.14% up and over the past year, the stock is showing an upside performance of 24.96%.

Currently, Honeywell International Inc’s total number of outstanding shares is 652.18M. Company’s return on investment (ROI) stands at 12.83% and return on equity (ROE) at 32.81%. It has a price to earnings ratio (P/E ratio) of 26.91 while having a 21.10 of forward P/E ratio. Stock’s beta reads 1.05. Stock has a price to book (P/B) ratio of 8.71 while price to sale or P/S ratio amounts to 4.01. Its return on asset (ROA) is 8.43% on average.