Deere & Co. (DE) plunged -0.03 in the last month: It’s impossible to believe the numbers

Deere & Co. (NYSE: DE) on Tuesday, plunged -0.03% from the previous trading day, before settling in for the closing price of $404.14. Within the past 52 weeks, DE’s price has moved between $345.55 and $450.00.

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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 11.08%. The company achieved an average annual earnings per share of -21.13%. With a float of $258.28 million, this company’s outstanding shares have now reached $281.58 million.

The extent of productivity of a business whose workforce counts for 83000 workers is very important to gauge.

Deere & Co. (DE) Insider Updates

Observing investor behavior towards Farm & Heavy Construction Machinery industry stocks is more important than anything else. The insider ownership of Deere & Co. is 7.21%, while institutional ownership is 70.72%. The most recent insider transaction that took place on Oct 02 ’23, was worth 2,302,821. In this transaction Pres, WWC&F and Pwr Systems of this company sold 6,073 shares at a rate of $379.19, taking the stock ownership to the 18,519 shares. Before that another transaction happened on Jul 25 ’23, when Company’s Pres Ag & Turf, Prod & Prec Ag sold 4,680 for $449.75, making the entire transaction worth $2,104,830. This insider now owns 36,563 shares in total.

Deere & Co. (DE) Performance Highlights and Predictions

As on 1/30/2024, Multinational firm has announced its last quarter scores, in which it reported $6.23 earnings per share (EPS) for the period topping the consensus outlook (set at $5.21) by $1.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.98 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -21.13% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -6.80% during the next five years compared to 36.77% growth over the previous five years of trading.

Deere & Co. (NYSE: DE) Trading Performance Indicators

Deere & Co. (DE) is currently performing well based on its current performance indicators. A quick ratio of 0.44 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.85. Likewise, its price to free cash flow for the trailing twelve months is 25.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 34.33, a number that is poised to hit 7.86 in the next quarter and is forecasted to reach 27.48 in one year’s time.

Technical Analysis of Deere & Co. (DE)

The latest stats from [Deere & Co., DE] show that its last 5-days average volume of 1.3 million was inferior to 1.52 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 72.63%. Additionally, its Average True Range was 6.48.

During the past 100 days, Deere & Co.’s (DE) raw stochastic average was set at 84.51%, which indicates a significant increase from 77.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 14.71% in the past 14 days, which was lower than the 21.85% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $382.31, while its 200-day Moving Average is $392.06. Now, the first resistance to watch is $408.39. This is followed by the second major resistance level at $412.77. The third major resistance level sits at $415.85. If the price goes on to break the first support level at $400.93, it is likely to go to the next support level at $397.85. Assuming the price breaks the second support level, the third support level stands at $393.47.

Deere & Co. (NYSE: DE) Key Stats

Market capitalization of the company is 112.46 billion based on 278,358K outstanding shares. Right now, sales total 61,251 M and income totals 10,166 M. The company made 12,185 M in profit during its latest quarter, and 1,751 M in sales during its previous quarter.