Technicals Say Polaris Inc. (PII) Is Worth Holding


As of Wednesday close, Polaris Inc.’s (NYSE:PII) stock was up $0.26, moving up 0.23 percent to $112.78. The average number of shares traded per day over the past five days has been 492,020 shares. 4 times new highs have been achieved over the past 5 days, with a $4.23 gain in that time frame. In the last twenty days, the average volume was 635,385, while in the previous 50 days, it was 636,900.

Since last month, PII stock rose 15.08%. Shares of the company fell to $93.00 on 10/25/22, the lowest level in the past month. A 52-week high of $127.37 was reached on 02/16/22 after having rallying from a 52-week low of $91.86. Since the beginning of this year, PII’s stock price has risen by 2.61% or $2.87, and marked a new high 10 times. However, the stock has declined by -11.45% since its 52-week high.

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PII stock investors should be aware that Polaris Inc. (PII) stock had its last reported insider trading activity 104 days ago on Aug 12. Speetzen Michael T, the CEO of the company, disposed of 24,500 shares for $119.21 on Aug 12. It resulted in a $2,920,764 divestment by the insider. Eastman Stephen L. sold 12,000 shares at an average price of $120.14 on Aug 11. The insider now owns 20,583 shares following the transaction. On Feb 16, SVP-Gen Counsel & Secretary Clark Dougherty Lucy sold 4,257 shares at $125.00 apiece. The transaction was valued at $532,125.

Valuation Metrics

Right now, Polaris Inc. (PII) has a P/E ratio of about 13.81. The stock’s beta is 1.52. Besides these, the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 6.56.

The latest dividend of $0.64 per share was paid out, remained unchanged from last year’s $0.64. On Thursday January 27 2022, a $0.01 dividend increase was announced.

Financial Health

In the three months ended September 29, Polaris Inc.’s quick ratio stood at 0.40, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 1.55, and the total debt-to-equity ratio was 2.10. On the profitability front, the trailing twelve-month gross margin is 21.90% percent. In the year ended September 29, operating margins totaled 8.00%. Based on annual data, PII earned $1.94 billion in gross profit and brought in $8.2 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 17.60%. Return on equity (ROE) for the past 12 months was 30.50%.

In Polaris Inc.’s quarter-end financial report for September 29, it reported total debt of $1.57 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. PII’s revenue rose 16.28% to $2.06 billion during the quarter, while net income inched up to $2.34 billion. While analysts expected Polaris Inc. to report $2.82 quarterly earnings, the actual figure was $3.25 per share, beating the consensus estimate by 15.20%. During the quarter, the company generated $310.5 million in EBITDA. The liabilities of Polaris Inc. were 4.07 billion at the end of its most recent quarter ended September 29, and its total debt was $2.24 billion. The value of shareholders’ equity is $57.96 million.

Technical Picture

This quick technical analysis looks at Polaris Inc.’s (PII) price momentum. With a historical volatility rate of 39.04%, the RSI 9-day stood at 63.12% on 23 November.

With respect to its five-day moving average, the current Polaris Inc. price is up by +3.90% percent or $4.23. At present, PII shares trade +12.85% above its 20-day simple moving average and +4.57% percent above its 100-day simple moving average. However, the stock is currently trading approximately +1.41% above its SMA50 and -5.53% below its SMA200.

Stochastic coefficient K was 72.33% and Stochastic coefficient D was 70.02%, while ATR was 3.83. Given the Stochastic reading of 72.57% for the 14-day period, the RSI (14) reading has been calculated as 60.59%. As of today, the MACD Oscillator reading stands at 0.32, while the 14-day reading stands at 2.01.

Analyst Ratings

Polaris Inc. downgraded its rating on Polaris Inc. (NYSE: PII) to a Neutral in a note to investors on October 19, 2022. The analysts firm previously had a Buy rating on the stock.


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