Howmet Aerospace Inc [NYSE: HWM] traded at a high on Thursday, posting a 4.60 gain after which it closed the day’ session at $91.96.
The results of the trading session contributed to over 3332837 shares changing hands. Over the past one week, the price volatility of Howmet Aerospace Inc stands at 3.66% while the volatility over the past one month is 3.08%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The market cap for HWM stock reached $37.53 billion, with 409.91 million shares outstanding and 403.47 million shares in the current float. Compared to the average trading volume of 2.97M shares, HWM reached a trading volume of 3332837 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Howmet Aerospace Inc [HWM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HWM shares is $102.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HWM stock is a recommendation set at 1.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BTIG Research have made an estimate for Howmet Aerospace Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 26, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on March 18, 2024, representing the official price target for Howmet Aerospace Inc stock. Previously, the target price had yet another raise from $47 to $74, while Truist kept a Buy rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc is set at 3.36, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 5.29. The Price to Book ratio for the last quarter was 8.88, with the Price to Cash per share for the same quarter was set at 1.84. Price to Free Cash Flow for HWM in the course of the last twelve months was 38.61 with Quick ratio for the last quarter at 0.74.
How has HWM stock performed recently?
Howmet Aerospace Inc [HWM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.07. With this latest performance, HWM shares gained by 14.69% in over the last four-week period, additionally plugging by 55.63% over the last 6 months – not to mention a rise of 82.10% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HWM stock in for the last two-week period is set at 61.75, with the RSI for the last a single of trading hit 62.45, and the three-weeks RSI is set at 61.04 for Howmet Aerospace Inc [HWM]. The present Moving Average for the last 50 days of trading for this stock 82.50, while it was recorded at 89.17 for the last single week of trading, and 66.34 for the last 200 days.
Howmet Aerospace Inc [HWM]: Deeper insight into the fundamentals
Howmet Aerospace Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 1.53.
Earnings analysis for Howmet Aerospace Inc [HWM]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HWM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Howmet Aerospace Inc go to 24.59%.
Insider trade positions for Howmet Aerospace Inc [HWM]
The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in HWM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in HWM stock with ownership which is approximately 5.1238%.
