ARAMEX PJSC Stock Analysis: Neutral Sentiment Continues Amidst Bullish Outlook
By KlickAnalytics Data Insights | August 2, 2024 07:58AM ET
Pricing
ARAMEX PJSC is currently trading at a price of 2.49, with no change in the last 1 day. The stock has shown a 3-month return of -2.35% and a 1-year return of -13.84%. The price rally for the stock has been neutral in the last day.
The close price to low price ratio is at 0.40%, indicating a bullish sentiment in the market. The stock was trading near its 1-month low price at 2.46, showing a slight increase of 1.22% from the current price.
Looking at the historical returns, the stock has shown a mixed performance with a 6-month return of 19.71% and a year-to-date return of 11.16%. The stock has a relative volume of 0.16x compared to its volume a year ago.
Fundamentals - TTM
ARAMEX PJSC has a market capitalization of 3,587,045,000 AED with a net income per share of 0.10 AED. The price-earning ratio stands at 23.60, indicating the stock's valuation in the market. The company has a working capital of 610,109,000 AED and total assets of 5,801,183,000 AED.
The total liabilities of the company amount to 3,312,648,000 AED, with total revenue of 5,803,227,000 AED and EBIT of 683,551,413 AED. The Altman Z-Score stands at 2.53, reflecting the company's financial stability.
Technical Indicators
The stock is currently not showing any upward trend in its technical indicators. The simple moving averages (SMA) for different time periods indicate mixed signals, with the 200-days SMA showing a buy signal while the shorter SMAs showing sell signals.
The close price compared to different SMAs ranges from 0.08% to 4.68%, with the stock showing a slight deviation from the moving averages. Overall, the technical indicators point towards a neutral sentiment with no significant uptrend in sight.