Today’s big question for investors is, “what’s going on with Autoliv, Inc. (NYSE:ALV) stock? Its price is nose-diving -1.9 points, trading at $77.1 levels, and is down -2.41% from its previous close of $79. The shares seem to have an active trading volume day with a reported 163580 contracts so far this session. ALV shares had a relatively better volume day versus average trading capacity of 460.71 thousand shares, but with a 87.06 million float and a 2.69% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ALV stock indicates that the average analyst price target is $81.41 per share. This means the stock has a potential increase of 5.59% from where the ALV share price has been trading recently.
During the recent trading session for Autoliv, Inc. (NYSE:ALV), the company witnessed their stock rise $1.97 over a week and tumble down $-4.56 from the price 20 days ago. When compared to their established 52-week high of $87.01, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 12/18/19. The recent low of $61.07 stood for a -11.39% since 05/31/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 1.54 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Autoliv, Inc., the two-week RSI stands at 45.13. This figure suggests that ALV stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current ALV readings is similarly very revealing as it has a stochastic reading of 72.65% at this stage. This figure means that ALV share price today is being oversold.
Technical chart claims that Autoliv, Inc. (ALV) would settle between $79.68/share to $80.35/share level. However, if the stock price goes below the $77.9 mark, then the market for Autoliv, Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $76.79 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 1.16. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at UBS lowered their recommendation on shares of ALV from Buy to Neutral in their opinion released on January 24. RBC Capital Mkts analysts bumped their rating on Autoliv, Inc. (NYSE:ALV) stock from Underperform to Sector Perform in a separate flash note issued to investors on December 20. Analysts at DNB Markets released an upgrade from Hold to Buy for the stock, in a research note that dated back to December 12.
ALV equity has an average rating of 2.86, with the figure leaning towards a bullish end. 20 analysts who tracked the company were contacted by Reuters. Amongst them, 16 rated the stock as a hold while the remaining 4 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while others rated it as a sell. 3 analysts rated Autoliv, Inc. (NYSE:ALV) as a buy or a strong buy while 1 advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, ALV stock price is currently trading at 10.64X forward 12-month Consensus EPS estimates, and its P/E ratio is 14.9 while for the average stock in the same group, the multiple is 20.7. Autoliv, Inc. current P/B ratio of 3.3 means it is trading at a premium against its industry’s 2.3.
Autoliv, Inc. (ALV)’s current-quarter revenues are projected to climb by nearly -2.5% to hit $2.12 billion, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over 3.4% from $8.55 billion to a noteworthy $8.84 billion. At the other end of the current quarter income statement, Autoliv, Inc. is expected to see its adjusted earnings surge by roughly 10% to hit $1.32 per share. For the fiscal year, ALV’s earnings are projected to climb by roughly 13.3% to hit $6.48 per share.