Over the past 52 weeks, the shares of Rockwell Automation, Inc. (NYSE:ROK) has been trading as low as $141.46 before witnessing a massive surge by 10.17% or $14.39. This price movement has led to the ROK stock receiving more attention and has become one to watch out for. It jumped by 1.66% on Sunday and this got the market excited. The stock’s beta now stands at 1.31 and when compared to its 200-day moving average and its 50-day moving average, ROK price stands -9.62% below and -3.76% below respectively. Its average daily volatility for this week is 2.47% which is less than the 2.94% recorded over the past month. The shares of Rockwell Automation, Inc. dropped by -25.57% or -$53.53 from its last recorded high of $209.38 which it attained on January 16 to close at $155.85 per share.
Rockwell Automation, Inc. (ROK) rose 3.81% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -22.9% and is now up by 3.57% since start of this year. A look at its monthly performance shows that the stock has recorded a -1.33% fall over the past 30 days. Its equity price dipped by -11.46% over the past three months which led to its overall six-month decrease to stand at -7.69%.
A look at ROK technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 51.57 point. Its trading volume has added 231579 shares compared to readings over the past three months as it recently exchanged 1361579 shares. This means there is improved activity from short-term traders as per session, its average trading volume is 1130000 shares, and this is 1.2 times the normal volume.
The STX stock Stochastic Oscillator (%D) is at 89.32%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.01 which compares to the 0.8 recorded by the industry or the 2.67 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 7.76, which is higher than the 6.03 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 4% over the past five years.
Analysts view Seagate Technology plc (NASDAQ:STX) as a Hold, with 2.9 consensus rating. Reuters surveyed 27 analysts that follow STX and found that 15 of those analysts rated the stock as a Hold. The remaining 12 were divided, with 6 analyst rating it as a Buy or a Strong Buy while 6 analysts advised investors to desist from buying Seagate Technology plc (STX) shares or sell it if they already own it.