With 1.76 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.82 million shares. The 52-week range on RDY shows that it touched its highest point at $16.89 and its lowest point at $13.16 during that stretch. It currently has a 1-year price target of $15.83. With its current market cap of 11.20 billion, RDY has annualized dividend of $0.48 while the current yield stands at 3.54%. Beta for the stock currently stands at 0.47.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of RDY was down-trending over the past week, with a drop of -2.61%, but this was down by -9.19% over a month. Three-month performance dropped to -5.15% while six-month performance fell -18.81%. The stock lost -10.95% in the past year, while it has lost -14.88% so far this year. A look at the trailing 12-month EPS for RDY yields 0.77 with Next year EPS estimates of 0.81. For the next quarter, that number is 0.21. This implies an EPS growth rate of -1.51% for this year and 2.31% for next year. EPS is expected to decline by -4.01% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.07%.
Float and Shares Shorts:
At present, 834.42 million RDY shares are outstanding with a float of 833.06 million shares on hand for trading.
Analysts Ratings:
In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $64.67072 being high and $64.02239 being low. For RDY, this leads to a yearly average estimate of $64.18447. Based on analyst estimates, the high estimate for the next quarter is $19.05 and the low estimate is $19.05. The average estimate for the next quarter is thus $19.05.
