Let’s look at the key reasons that are pushing S&P Global Inc (SPGI) to new highs

A new trading day began on Tuesday, with S&P Global Inc (NYSE: SPGI) stock price up 1.30% from the previous day of trading, before settling in for the closing price of $498.25. SPGI’s price has ranged from $407.69 to $533.29 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 15.23%. Meanwhile, its annual earnings per share averaged 21.23%. With a float of $309.82 million, this company’s outstanding shares have now reached $310.30 million.

Considering the fact that the conglomerate employs 40450 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 66.59%, operating margin of 38.07%, and the pretax margin is 35.21%.

S&P Global Inc (SPGI) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Financial Data & Stock Exchanges Industry. The insider ownership of S&P Global Inc is 0.15%, while institutional ownership is 89.46%. The most recent insider transaction that took place on Dec 12 ’24, was worth 668,996. Before that another transaction happened on Nov 27 ’24, when Company’s President, Market Intelligence sold 500 for $523.00, making the entire transaction worth $261,500. This insider now owns 1,427 shares in total.

S&P Global Inc (SPGI) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 21.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.19% during the next five years compared to 1.26% growth over the previous five years of trading.

S&P Global Inc (NYSE: SPGI) Trading Performance Indicators

Here are S&P Global Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.38. Likewise, its price to free cash flow for the trailing twelve months is 30.45.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.33, a number that is poised to hit 3.35 in the next quarter and is forecasted to reach 16.93 in one year’s time.

Technical Analysis of S&P Global Inc (SPGI)

Compared to the last year’s volume of 1.22 million, its volume of 1.54 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.61%. Additionally, its Average True Range was 8.69.

During the past 100 days, S&P Global Inc’s (SPGI) raw stochastic average was set at 56.49%, which indicates a significant decrease from 56.82% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.21% in the past 14 days, which was higher than the 15.78% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $506.12, while its 200-day Moving Average is $473.40. Nevertheless, the first resistance level for the watch stands at $506.93 in the near term. At $509.10, the stock is likely to face the second major resistance level. The third major resistance level sits at $513.46. If the price goes on to break the first support level at $500.40, it is likely to go to the next support level at $496.04. Now, if the price goes above the second support level, the third support stands at $493.87.

S&P Global Inc (NYSE: SPGI) Key Stats

With a market capitalization of 156.62 billion, the company has a total of 310,300K Shares Outstanding. Currently, annual sales are 12,497 M while annual income is 2,626 M. The company’s previous quarter sales were 3,575 M while its latest quarter income was 971,000 K.