 is a tobacco company that is aiming for a smoke-free future. They are also expanding their portfolio){kind=link}
· Philip Morris International Inc. has a basic EPS of $5.17
· The stock price of Philip Morris International Inc. is at $96.71.
Philip Morris International Inc. (NYSE: PM) is a tobacco company that is aiming for a smoke-free future. They are also expanding their portfolio to include products beyond tobacco and nicotine.
Trend Analysis
Philip Morris International Inc. stock is currently trading in an uptrend direction. The price is forming a pattern of higher highs.
The company offers a generous dividend payout of 98.2% and a solid dividend yield of 5.30%. This consistent dividend distribution can catch the attention of potential buyers and signifies the company’s financial strength.
In June 2017, Philip Morris International Inc.’s stock reached its highest point at $123.55. However, it went through a substantial decline in the subsequent two years, dropping by nearly 57% during this period. It found strong support at $57, marking a turning point, and has since made an impressive recovery, surging by over 90%.
Currently, Philip Morris International Inc. stock is trading at $96.59, showing a 0.85% increase in today’s market session. It is approaching the resistance level of $104 and is attempting to break out of a symmetrical triangular pattern. If the price manages to remain above this resistance level, there is a chance of an upward movement in the future.
According to an analysis report on TradingView, there is an expectation of a potential increase in the PM stock price. The projected target price for PM in the coming year is $114.78, reflecting an 18.82% rise.
Furthermore, the annual profit margin percentage of the stock is on the rise, along with an increase in net income. This indicates strengthening financials for the company.
Which Way Will the Price Move?
dd by writer50_tcr on TradingView.com
Technical Indicators
When we examine Philip Morris International Inc.’s MACD line on a weekly basis, it is positioned above the signal line, signalling a bullish trend. The MACD line has formed a positive crossover, indicating the potential for the PM stock price to continue decreasing in the near future.
Moreover, the charts reveal a gradual increase in the trading volume of PM stock. This increase in volume is seen as a positive sign, aligning with the uptrend trend in the stock price and indicating increased activity.
Conclusion
The analysis suggests that Philip Morris International Inc. is rising. The profit margin of the stock is rising. The indicators are also giving positive signals. Hence, the price is likely to rise in the upcoming future.
Technical Levels
· Support – $89
· Resistance – is $104
Disclaimer
The views and opinions of the author, or anyone named in this article, are for informational purposes only. They do not offer financial, investment, or other advice. Investing or trading crypto assets involves the risk of financial loss.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.