The stock of Honda Motor Co. Ltd. (NYSE:HMC) increased by $1.45 on Tuesday to finish at $36.67, up 4.12 percent. The last five days have seen an average of 1,210,360 shares of common stock traded. 41 times new highs were reached in the current year, with a gain of $13.81. The average number of shares traded over the last 20 days was 991,080, while the average volume over the last 50 days totaled 938,360.
HMC stock appreciated 20.82% since last month. On 08/21/23, the company’s shares reached a one-month low of $30.39. The stock touched a high of $35.67 on 09/19/23, after rallying from a low of $21.43 in 52 weeks. The price of HMC stock has risen by 60.41% or $13.81 this year, reaching a new high 41 times. Still, the stock price is up 2.79% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Honda Motor Co. Ltd. (HMC) has a trailing price-to-earnings (P/E) ratio of 10.50. Beta for the stock is 0.77. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.56, the price-to-book (PB) ratio of 0.75.
Company paid $0.3870 per share in dividends, a decrease of -2.03% from $0.3950 last year. A $0.0080 dividend decrease was reported on Friday November 5 2021.
Financial Health
For the recent quarter, Honda Motor Co. Ltd.’s quick ratio was 1.10, while its current ratio was 1.40, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.41, and the total debt to equity ratio is 0.70. As far as profitability goes, gross margin for the trailing twelve months is 20.10% percent. Honda Motor Co. Ltd.’s EBITDA margin for the recent year was 14.06%, whereas its operating margin stood at 5.40% for the same period. Based on annual data, it had gross profit of $24.65 billion and revenue of $125.12 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. HMC’s return on assets (ROA) during the last 12 months has been 3.40%. There was a 3.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 7.50%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. EBITDA was $4.24 billion for the quarter. At the end of Honda Motor Co. Ltd.’s most recent quarter, its liabilities totaled 103.49 billion, while its total debt was $8.74 trillion.
Technical Picture
Here’s a quick look at Honda Motor Co. Ltd.’s (HMC) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 87.08%, suggesting the stock is Overbought, with a 22.30% historical volatility rate.
The stochastic %K and %D were 92.85% and 94.37% respectively, while the average true range (ATR) was 0.61. Based on the 14-day stochastic reading of 97.03%, the RSI (14) reading is 82.49%. On the 9-day MACD Oscillator, the stock is at 1.00, and the 14-day reading is at 1.77.
Analyst Ratings
In its most recent analyst report, Morgan Stanley raised its rating on Honda Motor Co. Ltd. (NYSE: HMC) to an Overweight. Prior to this, analysts firm rated the stock as an Equal-weight. Analysts have assigned Honda Motor Co. Ltd. (HMC) an Overweight rating. HMC is a stock that is recommended for selling by 1 brokerage firm, while 6 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 3 rates it overweight and 10 others recommend it as a buy.
What is HMC’s price target for the next 12 months?
The current consensus forecast for the stock is between $26.99 and $46.73, with a median target price of $36.22. In analyzing these forecasts, the average price target given by analysts for Honda Motor Co. Ltd. (HMC) is $36.83.
