With 1.25B Outstanding Shares, Can Rio Tinto plc ADR (NYSE: RIO) Deliver Big Short-Term Gains?

Rio Tinto plc ADR (NYSE:RIO) currently has a daily average trading volume of 2.87M but it saw 1780519 shares traded in last market. With a market cap of 73.67B USD, the company’s current market price of $58.81 came rising about 0.38 while comparing to the previous closing price of $58.59. In past 52 weeks, the stock remained buoying in the range of price level as high as $74.72 and as low as $58.34. In the recent trading on the day, stock has struck highest price mark of $58.69 while lowest mark touched by it was $59.115.

Taking a look at 20-day trading activity of Rio Tinto plc ADR (RIO) gives us an average price of $61.32, while its current price level is -21.29% below from 52-week high level whereas it is 0.81% 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 $62.78 while that of 200 days or SMA-200 reads an average of $65.27. A closer look into the stock’s movement over the week reveals that its volatility is standing at 0.72% during that period while stretching the period over a month that increases to 1.23%. 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 34.77 which implies that the stock is in neutral territory.

Over the week, RIO’s stock price is moving -0.71% down while it is -6.41% when we observe its performance for the past one month. Year-to-date it is -21.02% down and over the past year, the stock is showing a downside performance of -21.02%.

Currently, Rio Tinto plc ADR’s total number of outstanding shares is 1.25B. Company’s return on investment (ROI) stands at 15.65% and return on equity (ROE) at 20.04%. It has a price to earnings ratio (P/E ratio) of 8.97 while having a 8.54 of forward P/E ratio. Stock’s beta reads 0.67. Stock has a price to book (P/B) ratio of 1.72 while price to sale or P/S ratio amounts to 1.37. Its return on asset (ROA) is 10.74% on average.