Howmet Aerospace Inc [NYSE: HWM] jumped around 2.1 points on Wednesday, while shares priced at $118.10 at the close of the session, up 1.81%.
Compared to the average trading volume of 2.23M shares, HWM reached a trading volume of 3605937 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $126.57 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 1.62. 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.
KeyBanc Capital Markets have made an estimate for Howmet Aerospace Inc shares, keeping their opinion on the stock as Sector Weight, with their previous recommendation back on October 24, 2024. While these analysts kept the previous recommendation, Susquehanna raised their target price to Positive. The new note on the price target was released on October 08, 2024, representing the official price target for Howmet Aerospace Inc stock. Previously, the target price had yet another raise to $95, while BTIG Research analysts kept a Buy rating on HWM stock.
The Average True Range (ATR) for Howmet Aerospace Inc is set at 2.89, with the Price to Sales ratio for HWM stock in the period of the last 12 months amounting to 6.60. The Price to Book ratio for the last quarter was 10.81, with the Price to Cash per share for the same quarter was set at 1.17. Price to Free Cash Flow for HWM in the course of the last twelve months was 47.88 with Quick ratio for the last quarter at 0.98.
How has HWM stock performed recently?
Howmet Aerospace Inc [HWM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.01. With this latest performance, HWM shares gained by 15.05% in over the last four-week period, additionally plugging by 41.50% over the last 6 months – not to mention a rise of 129.41% 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 68.45, with the RSI for the last a single of trading hit 70.76, and the three-weeks RSI is set at 67.00 for Howmet Aerospace Inc [HWM]. The present Moving Average for the last 50 days of trading for this stock 103.69, while it was recorded at 114.50 for the last single week of trading, and 84.12 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 0.98 and a Current Ratio set at 2.24.
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 32.00%.
Insider trade positions for Howmet Aerospace Inc [HWM]
There are presently around $92.69%, or 93.68%% of HWM stock, in the hands of institutional investors. The top three institutional holders of HWM stocks are: VANGUARD GROUP INC with ownership of 45.36 million shares, which is approximately 11.0645%. BLACKROCK INC., holding 42.39 million shares of the stock with an approximate value of $$3.29 billion in HWM stocks shares; and BLACKROCK INC., currently with $$1.54 billion in HWM stock with ownership which is approximately 4.8404%.
