Howmet Aerospace Inc. (NYSE:HWM) has a beta value of 1.57 and has seen 1,332,533 shares traded in the recent trading session. The company, currently valued at $7.05 Billion, closed the recent trade at $16.19 per share which meant it lost $0 on the day or -0.34% during that session. The HWM stock price is -97.59% off its 52-week high price of $31.99 and 39.04% above the 52-week low of $9.87. If we look at the company’s 10-day average daily trading volume, we find that it stood at 5.64 Million shares traded. The 3-month trading volume is 4.22 Million shares.
The consensus among analysts is that Howmet Aerospace Inc. (HWM) is an Overweight stock at the moment, with a recommendation rating of 2.6. 1 analysts rate the stock as a Sell, while none rate it as Overweight. 3 out of 7 have rated it as a Hold, with 3 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.08.
Howmet Aerospace Inc. (NYSE:HWM) trade information
Despite being -1.11% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jun 29 when the HWM stock price touched $16.31- or saw a rise of 1.63%. Year-to-date, Howmet Aerospace Inc. shares have moved -47.87%, while the 5-day performance has seen it change 6.65%. Over the past 30 days, the shares of Howmet Aerospace Inc. (NYSE:HWM) have changed 22.63%. Short interest in the company has seen 9.3 Million shares shorted with days to cover at 2.2.
Wall Street analysts have a consensus price target for the stock at $16.25, which means that the shares’ value could jump 0.37% from current levels. The projected low price target is $13 while the price target rests at a high of $22. In that case, then, we find that the current price level is +35.89% off the targeted high while a plunge would see the stock lose -19.7% from current levels.
Howmet Aerospace Inc. (HWM) estimates and forecasts
Figures show that Howmet Aerospace Inc. shares have underperformed across the wider relevant industry. The company’s shares have lost -32.05% over the past 6 months, with this year growth rate of -74.88%, compared to -26.3% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -86.2% and -84.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -64%.
4 analysts offering their estimates for the company have set an average revenue estimate of $1.11 Billion for the current quarter. 4 have an estimated revenue figure of $1.14 Billion for the next quarter concluding in September 01, 2020. Year-ago sales stood $3.69 Billion and $3.56 Billion respectively for this quarter and the next, and analysts expect sales will grow by -70% for the current quarter and -68.1% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +47% over the past 5 years. Earnings growth for 2020 is a modest -27% while over the next 5 years, the company’s earnings are expected to increase by 7.2%.