Analyzing Howmet Aerospace Inc. (HWM) By Technical Indicators

As of Friday close, Howmet Aerospace Inc.’s (NYSE:HWM) stock was up $0.94, moving up 2.86 percent to $33.79. The average number of shares traded per day over the past five days has been 3,195,740 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.24 fall in that time frame. In the last twenty days, the average volume was 2,784,325, while in the previous 50 days, it was 2,649,726.

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Since last month, HWM stock retreated -4.22%. Shares of the company fell to $31.94 on 05/12/22, the lowest level in the past month. A 52-week high of $37.66 was reached on 03/22/22 after having rallying from a 52-week low of $27.41. Since the beginning of this year, HWM’s stock price has risen by 6.16% or $1.96, and marked a new high 12 times. However, the stock has declined by -10.28% since its 52-week high.

Howmet Aerospace Inc. (HWM) last reported insider trading activity 184 days ago on Nov 11. Shultz Barbara Lou, the Vice President and Controller of the company, disposed of 2,038 shares for $32.30 on Nov 11. It resulted in a $65,828 divestment by the insider. Giacobbe Ken sold 4,386 shares at an average price of $31.08 on Sep 08. The insider now owns 257,606 shares following the transaction.

Valuation Metrics

Right now, Howmet Aerospace Inc. (HWM) has a P/E ratio of about 47.46. The stock’s beta is 1.60. Besides these, the trailing price-to-sales (P/S) ratio of 2.81, the price-to-book (PB) ratio of 4.16, and the price-to-cash flow ratio of 49.75 may also be considered.

The latest dividend of $0.02 per share was paid out, remained unchanged from last year’s $0.02.

Financial Health

In the three months ended September 29, Howmet Aerospace Inc.’s quick ratio stood at 1.00, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.24, and the total debt-to-equity ratio was 1.24. On the profitability front, the trailing twelve-month gross margin is 27.80% percent. In the year ended September 29, operating margins totaled 12.60%. Based on annual data, HWM earned $1.38 billion in gross profit and brought in $4.97 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.00%. Return on equity (ROE) for the past 12 months was 8.80%.

In Howmet Aerospace Inc.’s quarter-end financial report for September 29, it reported total debt of $4.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. HWM’s revenue rose 8.69% to $1.28 billion during the quarter, while net income inched up to $1.32 billion. While analysts expected Howmet Aerospace Inc. to report $0.25 quarterly earnings, the actual figure was $0.27 per share, beating the consensus estimate by 8.00%. During the quarter, the company generated $296.0 million in EBITDA. The liabilities of Howmet Aerospace Inc. were 6.67 billion at the end of its most recent quarter ended September 29, and its total debt was $4.35 billion. The value of shareholders’ equity is $417.91 million.

Technical Picture

This quick technical analysis looks at Howmet Aerospace Inc.’s (HWM) price momentum. With a historical volatility rate of 49.27%, the RSI 9-day stood at 45.11% on 13 May.

With respect to its five-day moving average, the current Howmet Aerospace Inc. price is down by -3.54% percent or -$1.24. At present, HWM shares trade -4.76% below its 20-day simple moving average and +15.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.04% below its SMA50 and +2.08% above its SMA200.

Stochastic coefficient K was 25.43% and Stochastic coefficient D was 20.45%, while ATR was 1.40. Given the Stochastic reading of 39.70% for the 14-day period, the RSI (14) reading has been calculated as 45.59%. As of today, the MACD Oscillator reading stands at -0.99, while the 14-day reading stands at -0.96.

Analyst Ratings

Morgan Stanley launched its rating on Howmet Aerospace Inc. (NYSE: HWM) to an Overweight in a note to investors on December 03, 2021. Howmet Aerospace Inc. (HWM) has been rated Buy by analysts. According to 0 brokerage firms , HWM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Howmet Aerospace Inc. stock as buy, with 12 recommending it as overweight.

With a median target price of $42.00, the current consensus forecast for the stock is $38.00 – $46.00. Based on these forecasts, analysts predict Howmet Aerospace Inc. (HWM) will achieve an average price target of $41.83.


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