POSCO Holdings Inc. (PKX) is on the roll with an average volume of 231.46K in the recent 3 months

For the readers interested in the stock health of POSCO Holdings Inc. (PKX). It is currently valued at $74.28. When the transactions were called off in the previous session, Stock hit the highs of $75.35, after setting-off with the price of $75.275. Company’s stock value dipped to $73.62 during the trading on the day. When the trading was stopped its value was $67.93.Recently in News on December 1, 2022, POSCO Group CEO, Jeong-woo Choi, Meets the Prime Minister of Australia, Anthony Albanese, to Discuss Future Eco-friendly Projects. CEO Jeong-woo Choi stated, “Australia is the most important country in future eco-friendly projects involving raw materials to produce steel, renewable energy, hydrogen and green steel to achieve carbon neutrality by 2050.”. You can read further details here

POSCO Holdings Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $75.35 on 04/10/23, with the lowest value was $36.53 for the same time period, recorded on 09/30/22.

POSCO Holdings Inc. (PKX) full year performance was 27.56%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, POSCO Holdings Inc. shares are logging 0.20% during the 52-week period from high price, and 103.34% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $36.53 and $74.13.

The company’s shares, operating in the sector of Basic Materials managed to top a trading volume set approximately around 840026 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the POSCO Holdings Inc. (PKX) recorded performance in the market was 36.37%, having the revenues showcasing 28.47% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 26.36B, as it employees total of 36619 workers.

Specialists analysis on POSCO Holdings Inc. (PKX)

During the last month, 13 analysts gave the POSCO Holdings Inc. a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 59.85, with a change in the price was noted +19.93. In a similar fashion, POSCO Holdings Inc. posted a movement of +36.67% for the period of last 100 days, recording 221,729 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for PKX is recording 0.48 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.25.

Trends and Technical analysis: POSCO Holdings Inc. (PKX)

Raw Stochastic average of POSCO Holdings Inc. in the period of last 50 days is set at 93.59%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 93.59%. In the last 20 days, the company’s Stochastic %K was 71.16% and its Stochastic %D was recorded 66.35%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 36.37%. Additionally, trading for the stock in the period of the last six months notably improved by 89.30%, alongside a boost of 27.56% for the period of the last 12 months. The shares increased approximately by 6.59% in the 7-day charts and went down by 22.59% in the period of the last 30 days. Common stock shares were driven by 28.47% during last recorded quarter.

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