Walmart’s stock price has been on an inclining trend forming higher highs. The stock price showed volatility and consolidation before the quarterly results. However, post the quarterly results the price seemed to be very clear with the trend and surged to hit an all-time high of $163 in Friday’s session.
The daily chart shows that the stock has been on a continuous uptrend heading higher taking support from the key 50-day EMA. The stock is currently trading at $161.57, which is 0.9% below its 52-week high and 26% above its 52-week low.
The stock has a trailing 12-month price-to-earnings ratio of 30.86, which is above its five-year average of 25.8. The stock also has a forward dividend yield of 1.4%, which is below its five-year average of 2%.
The average analyst target price for Walmart stock is $178.27, which implies a potential upside of 10.41% from the current level. The majority of analysts rate the stock as a buy, citing its strong fundamentals, competitive advantages, and growth opportunities.
Walmart (WMT Stock) is one of the largest retailers in the world, with a market capitalization of over $450 Billion. The company operates more than 11,000 stores in 27 countries and also has a strong e-commerce presence. Walmart has been growing its sales and earnings consistently, despite facing competition from online rivals like Amazon.
Walmart stock derivatives data analysis shows that the current implied volatility in the market is 13.52% with a decrease of 0.16% in the last trading session. The at-the-money strike price has 2067 open contracts on the put side and 1667 open contracts on the call side, indicating the presence of buyers at the current level. The PUT/CALL ratio is 0.93, indicating neutral sentiment in the market, as per the data.
Walmart Stock Price Soaring Near An All-Time High
The short-term outlook of the analysts indicates that the price has rebounded from the lower support zone and 50 EMA indicating buyers dominating the trend. The price may continue to surge higher forming higher highs. The quarterly results have led to a clear trend which the price may continue until it remains above the recent support and 50 EMA.
Technical Indicators Showing Strength Over The Daily Timeframe
The Technical indicators’ opinion rating including RSI and MACD for the stock is a 90% buy with an average short-term outlook on maintaining the current trend.
Conclusion
Walmart Inc. (WMT Stock) price has been rising and hit a record high of $163 after quarterly results. It is above the 50-EMA and has strong support. It has a high P/E ratio of 30.86 and a low dividend yield of 1.4%. Analysts have a target price of $178.27 and rate it as a buy. They expect the price to keep going up as long as it stays above the 50-day EMA and the recent support. The long-term outlook is positive for Walmart.
Technical Levels
- Support levels: $156.07 and $153.38.
- Resistance levels: $163.19 and $166.27.
