Deere & Co (DE) is -1.12% away from 50-day simple Moving Average despite all headwinds

On Tuesday, Deere & Co (NYSE: DE) opened lower -1.10% from the last session, before settling in for the closing price of $404.53. Price fluctuations for DE have ranged from $340.20 to $420.47 over the past 52 weeks.

A company in the Industrials sector has jumped its sales by 12.56% annually for the last half of the decade. Company’s average yearly earnings per share was noted -27.90% at the time writing. With a float of $253.36 million, this company’s outstanding shares have now reached $281.58 million.

In an organization with 83000 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 37.66%, operating margin of 24.43%, and the pretax margin is 19.94%.

Deere & Co (DE) Insider and Institutional Ownership

A key investor’s attitude towards the stock of the Farm & Heavy Construction Machinery industry is another important factor to consider. The insider ownership of Deere & Co is 7.40%, while institutional ownership is 72.19%. The most recent insider transaction that took place on Jun 24 ’24, was worth 5,048,913. In this transaction Pres Ag & Turf, Prod & Prec Ag of this company sold 13,370 shares at a rate of $377.63, taking the stock ownership to the 41,642 shares.

Deere & Co (DE) Latest Financial update

If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 8.26 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 7.41) by 0.85. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.11 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -27.90% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will plunge by -12.12% during the next five years compared to 36.77% growth over the previous five years of trading.

Deere & Co (NYSE: DE) Trading Performance Indicators

Check out the current performance indicators for Deere & Co (DE). In the past quarter, the stock posted a quick ratio of 0.48. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 21.84.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 29.31, a number that is poised to hit 3.87 in the next quarter and is forecasted to reach 21.58 in one year’s time.

Technical Analysis of Deere & Co (DE)

Let’s dig in a bit further. During the last 5-days, its volume was 1.28 million. That was inferior than the volume of 1.43 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 51.90%. Additionally, its Average True Range was 8.42.

During the past 100 days, Deere & Co’s (DE) raw stochastic average was set at 74.61%, which indicates a significant increase from 45.87% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.74% in the past 14 days, which was higher than the 24.02% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $404.62, while its 200-day Moving Average is $386.39. However, in the short run, Deere & Co’s stock first resistance to watch stands at $402.56. Second resistance stands at $405.02. The third major resistance level sits at $407.43. If the price goes on to break the first support level at $397.69, it is likely to go to the next support level at $395.28. The third support level lies at $392.82 if the price breaches the second support level.

Deere & Co (NYSE: DE) Key Stats

There are currently 273,600K shares outstanding in the company with a market cap of 109.46 billion. Presently, the company’s annual sales total 61,251 M according to its annual income of 10,166 M. Last quarter, the company’s sales amounted to 13,152 M and its income totaled 1,734 M.