Honda Motor Co. Ltd. (NYSE:HMC) finished Wednesday with an addition of $0.85 to close at $32.00, an upside of 2.73 percent. An average of 937,480 shares of common stock have been traded in the last five days. There was a gain of $0.53 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 862,680 shares traded, while the 50-day average volume stands at 1,116,496.
HMC stock has increased by 6.88% in the last month. The company shares reached their 1-month lowest point of $29.66 on 07/10/23. With the stock rallying to its 52-week high on 06/14/23, shares of the company touched a low of $21.43 and a high of $32.62 in 52 weeks. It has reached a new high 33 times so far this year and achieved 39.98% or $9.14 in price. In spite of this, the price is down -1.89% from the 52-week high.
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Valuation Metrics
Honda Motor Co. Ltd. (HMC) has a trailing price-to-earnings (P/E) ratio of 11.90. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.49, the price-to-book (PB) ratio at 0.68.
The company has a payout ratio of 31.03%. The company’s most recent quarterly dividend payment was $0.3870 a share, representing a down of -2.03% from $0.3950 last year. Its latest decrease dividend $0.0080 reported on Friday November 5 2021.
Financial Health
The quick ratio of Honda Motor Co. Ltd. for the recent quarter was 1.10, and the current ratio was 1.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.39 and a total debt to equity ratio of 0.69 for the recent quarter. Its gross profit as reported stood at $24.65 billion compared to revenue of $125.12 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Honda Motor Co. Ltd.’s return on assets was 2.60%.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Honda Motor Co. Ltd. (HMC) price momentum. RSI 9-day as of the close on 09 August was 65.88%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.11%.
As of today, HMC’s price is $31.20 +1.68% or $0.53 from its 5-day moving average. HMC is currently trading +5.79% higher than its 20-day SMA and +25.49% higher than its 100-day SMA. However, the stock’s current price level is +11.61% above the SMA50 and +47.67% above the SMA200.
The stochastic %K and %D were 56.97% and 44.49%, respectively, and the average true range (ATR) was 0.49. With the 14-day stochastic at 80.40% and the average true range at 0.46, the RSI (14) stands at 63.02%. The stock has reached -0.01 on the 9-day MACD Oscillator while the 14-day reading was at -0.02.
Analyst Ratings
UBS downgraded Honda Motor Co. Ltd. (NYSE: HMC) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Honda Motor Co. Ltd. (HMC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell HMC, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 8 others rate it as a “buy”.
What is HMC’s price target for the next 12 months?
Analysts predict a range of price targets between $26.99 and $41.22, with a median target of $34.86. Taking a look at these predictions, the average price target given by analysts for Honda Motor Co. Ltd. (HMC) stock is $34.80.
