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- 1 Near this weekend, Caterpillar Inc. (CAT) stock price accumulated active bears which slowed its weekly price gain.
- 2 The Year-To-Date (YTD) price analysis of CAT stock further showed over 7% price growth.
With a bullish trend, Caterpillar Inc. (CAT) stock price noted 4.37% of price growth in its last 6-month price analysis. The recent 1-month price analysis has shown 7.88% of growth which dropped by 0.46% of price growth this week.
The bullish price performance of CAT stock in the last 1-year has shown investors strong interest which shows a 44.41 price gain in the stock.
CAT Stock Price Analysis
This weekend, as bears started showing their dominance, CAT stock price showed a 1.32% of price decline which lost $3.44. On July 21, 2023, Friday, CAT stock opened at $261.75 and closed at $257.65.
Meanwhile, Friday’s high was at $261.76, and the low was at $257.51. This week, the trading price range of CAT stock was between $253.22 to $265.19, with a 0.46% weekly price gain.
As the above price chart shows, the RSI of CAT stock price ranges almost near its overbought zone. It seems that investors have shown their positive support for Caterpillar Inc. Since last week, the upside ride of CAT share price drove its price above its 20-day moving average.
However, the 1-year price target of CAT stock set by the analysts is at $254.57 which shows a 1.19% of decline from the recent closing price of stock. Meanwhile, their maximum estimate is $351.00 while the minimum estimate is $183.00.
The Fundamentals of Caterpillar
Caterpillar Inc. (NYSE: CAT), an American construction equipment manufacturer company, has a market cap of nearly $132.78 Billion. In late April 2023, the company released its first quarter (Q1) 2023 report that states its net income is $1.94 Billion. CAT price-to-sales ratio is 2.20 and has an Enterprise Value to EBITDA ratio of 12.88.
CAT dividends are paid quarterly and the last dividend per share was $1.30. As of now, Dividend Yield (TTM)% is 1.84%. Moreover, CAT earnings per share (EPS) for Q1 2023 are $4.91 whereas the estimation was $3.80 which accounts for a 29.12% surprise.
The revenue for the same period amounts to $15.86 Billion despite the estimated figure of $15.10 Billion. For the upcoming Q2 2023, the estimated EPS is $4.57, and revenue is expected to reach $16.47 Billion.
In 2022, the revenue of Caterpillar Inc. amounted to $59.43 Billion, most of which (around $25.13 Billion) came from its highest-performing source at the moment, the construction industry. Most of the revenue figure was contributed by North America which last year brought Caterpillar Inc. to $27.98 Billion.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
