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- 1 PFE stock price trades below the major 20 and 50-day daily moving averages.
- 2 Pfizer Inc. (NYSE: PFE) stock’s 52-week price range is between $31 – $54.
The PFE stock has a float of 5.644 Billion shares and a market cap of $187.446 Billion. The PFE stock has a CMP of $33.20 and an intraday gain of 0.21%. The PFE stock’s average volume for the last 10 days is 28.202 Million and its current volume is 17.467 Million.
PFE stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $220.17 Billion and total liabilities of $120.87 Billion. The debt-to-assets ratio of PFE is at 54.90%.
The latest quarterly earnings report of Pfizer Inc. for the period ending June 2023, displayed a revenue of $12.73 Billion, with a net income of $2.33 Billion, and a loss in profit margin from the last quarter of 18.29%. This quarter, the reported revenue missed analysts’ estimates by $628.743 Million (4.71%).
The PFE stock reported an EPS of $0.67 for the period ending June 2023, beating the analysts’ estimate of $0.57 by 17.53%. The PFE next quarter’s revenue is estimated to be $14.289 Billion and the estimated EPS of $0.577. The report will be released on October 31st, 2023.
The PFE stock’s dividend yield for the TTM is 4.92% and its last dividend payment was 0.41 per share. The last ex-dividend date was July 27th, 2023 and its payout ratio is 43.42%.
The next dividend for PFE stock is $0.41 per share. The ex-dividend date is November 9, 2023, and the payment date is December 4, 2023.
PFE Stock Price Technical Analysis in 1-D Timeframe
At the time of publishing, Pfizer Inc. (NYSE: PFE) stock has found support and is moving towards the 20-day EMA, despite the bearish trend of the major EMAs. The MACD indicates a bullish cross. The RSI is at 43 and has bounced off the 14 SMA. The indicators suggest bullish signs on the charts.
Moreover, the PFE stock ratings for the stock are positive and highly recommended based on 26 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for the stock by 20 analysts range between $32.00 to $75.00.
PFE stock price rose from the $26 support level in March 2020 when the COVID pandemic started and the company was expected to develop a vaccine. The price reached a high of $61 in December 2021, making higher highs and lows as the people trusted the company.
However, the price faced resistance and started to drop when the virus was eradicated and people moved on with their lives. The investors took profits that they had accumulated in the last couple of years, and the stock failed to recover and made new lows on every attempt.
PFE stock had some setbacks and constant selling pressure and could not overcome them. It showed a poor performance by declining downwards in the last two years. Now, the stock is at major support of $32 and trying to hold at an order block where the price had a previous spike.
Therefore, if Pfizer stock manages to gain strong buying momentum and surges above the swing high, it can trigger a rally. The probable resistance levels are $37 and $40.
Alternatively, if the stock continues to fall and if it breaks below $32, then it can fall to $28.
Summary
Pfizer Inc. (NYSE: PFE) chart indicates that the traders and investors of the stock price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. The technical analysis tools of Pfizer stock price such as EMA, RSI, and MACD highlight upward signals and support bullishness.
Technical Levels
Support Levels: $32 and $28
Resistance Levels: $37 and $40
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets 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.
