Stocks Getting Their Groove Back: Philip Morris International Inc. (PM), Uxin Limited (UXIN)

Philip Morris International Inc. (NYSE:PM) rose 0.17% this week, a trend that has led to both investors and traders taking note of the stock. Over the past year, the equity price has embarked on a drop that has seen it decline -15.59% and is now down by -18.08% since start of this year. A look at its monthly performance shows that the stock has recorded a -1.1% fall over the past 30 days. Its equity price climbed by 5% over the past three months which led to its overall six-month increase to stand at 5.94%, RNS Daily informed.

The shares of Philip Morris International Inc. (PM) dropped by -22.2% or -$24.7 from its last recorded high of $111.25 which it attained on January 25 to close at $86.55 per share. Over the past 52 weeks, the shares of Philip Morris International Inc. has been trading as low as $76.21 before witnessing a massive surge by 13.57% or $10.34. This price movement has led to the PM stock receiving more attention and has become one to watch out for. It dipped by -1.23% on Tuesday and this got the market worried. The stock’s beta now stands at 0.64 and when compared to its 200-day moving average and its 50-day moving average, PM price stands -1.27% below and 1.85% above respectively. Its average daily volatility for this week is 1.87% which is less than the 2.17% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Philip Morris International Inc. with most of them predicting a $93.06 price target on a short-term (12 months) basis. The average price target by the analysts will see a 7.52% rise in the stock and would lead to PM’s market cap to surge to $144.24B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 20 analysts that track Philip Morris International Inc. (NYSE:PM) and find out that 9 of them rated it as a Hold. 10 of the 11 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

A look at PM technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 48.48 point. Its trading volume has lost -1105313 shares compared to readings over the past three months as it recently exchanged 4854687 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 5960000 shares, and this is 0.81 times the normal volume.

Analysts have predicted a price target for Uxin Limited (UXIN) for 1 year and it stands at an average $10.93/share. This means that it would likely increase by 142.89% from its current position. The current price of the stock has been moving between $4.4 and $5.05. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $8.8. On the other hand, one analyst is super bullish about the price, setting a target as high as $14.

Analysts view Uxin Limited (NASDAQ:UXIN) as a Hold, with 2.3 consensus rating. Reuters surveyed 4 analysts that follow UXIN and found that 1 of those analysts rated the stock as a Hold. The remaining 3 were divided, with 3 analyst rating it as a Buy or a Strong Buy while 0 analysts advised investors to desist from buying Uxin Limited (UXIN) shares or sell it if they already own it.

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