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- 1 PG stock price is currently trading at $155.28 with a drop of 1.1% in the last 24 hours with a market cap of $365.99 Billion.
- 2 The Procter & Gamble Stock has Been is moving with positive momentum owing to strong financials.
The Procter & Gamble Organization is an international firm that operates in the consumer goods sector. A wide range of goods for personal care, home cleaning, laundry, baby care, & many more are offered by the firm.
PG was established back in 1837 by William Procter and James Gamble began their company by selling soap and candles. The company functions in more than 80 nations. Around 100,000 people work in the corporation.
Take a Dive into PG Stock Q3 Results
The Procter & Gamble Company (NYSE: PG) declared its third-quarter outcomes for the fiscal year 2023, delivering a four percent boost in net sales corresponding to the same period last year, achieving $20.1 Billion.
The firm also achieved a seven percent enlargement in organic sales, which bans the effects of currency instabilities and business transactions. A growth in the diluted net gains is observed per share by 3% to $1.37.
$3.9 Billion in working cash flow and $3.4 Billion in net earnings for the quarter were generated by the firm. The revised free cash flow productivity was 92%, which counts how much working cash flow surpasses capital spending, as a percentage of net revenues.
The organization gave back $3.6 Billion of cash to its shareholders via about $2.2 Billion of dividend pay and $1.4 Billion of common stock buybacks. The firm also declared a dividend shift earlier this month, marking the 67th successive year of dividend transition and the 133rd successive year of dividend payment since its incorporation in 1890.
The company maintained its guidance for fiscal 2023 diluted net earnings per share growth in the range of zero to four percent versus fiscal 2022 EPS of $5.81. The company added that it expects EPS results towards the lower end of the fiscal year guidance range.
2023 Outlook For the Company
The Procter & Gamble organization stated that its fiscal 2023 outlook is impacted by some major risks, such as adverse foreign exchange volatility and commodity and material costs.
These risks are assumed to mitigate the after-tax earnings by about $1.3 Billion and $2.2 Billion respectively, totaling $3.5 Billion or about $1.40 per share, corresponding to fiscal 2022.
This means that the EPS growth will be lower by about 24 points. The $3.5 Billion challenge is slightly better than the guidance given in January, due to some improvement in commodities and freight, but partly offset by increased foreign exchange challenges.
The company also said that the net impact of interest expense and interest income will be a $125 Million before-tax earnings challenge for fiscal year 2023.
Technical Analysis of PG Stock Price in 1-D Timeframe
PG share price has steadily seen its stock price rise for the past six months, gaining 9.34%. At the current moment, Procter & Gamble Company stock is trading at $155.28 and has been trying to hold on to this level after a pullback.
If it can keep this level, the PG price could continue to increase and reach the first and second targets of $158.00 and $165.00. However, if the Procter & Gamble Company price cannot maintain this level and falls, then it might hit the closest support level of $142.09 and $136.40.
At this moment, Procter & Gamble Company stock (NYSE: PG) is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price trend.
However, if buying volume adds up then the price might conquer supporting SMAs by making higher highs and lower highs. Accordingly, the Procter & Gamble Company share price is predicted to move upward giving bullish sentiments over the daily time frame.
The current value of RSI is 54.51 points. The 14 SMA is above the median line at 64.97 points which indicates that the PG stock is mild bearish.
The MACD line at 1.39 and the signal line at 1.50 are above zero. A bearish crossover is observed in the MACD indicator which signals mild bearishness for the Procter & Gamble Company stock price.
Summary
PG (NYSE: Procter & Gamble Company) suggests that the investors and traders of the share price are bullish on the 1-D time frame. The price action reflects a bullish perspective at the moment. The technical oscillators of the Procter & Gamble Company stock price also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the downtrend may continue in the Procter & Gamble Company stock price.
Technical Levels
- Support Levels: The nearest support levels for the PG stock price are $142.00 and $136.00.
- Resistance levels: The nearest resistance levels for the Procter & Gamble Company stock price are $158.00 and $165.00.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
