- Deere & Company(DE) is an American company. The firm manufactures heavy equipment, agricultural machines, diesel engines, forestry machines, lawn care equipment, and drivetrains.
- DE is listed on NYSE. Deere & Company was founded in 1837 by John Deere. It was ranked 84th in the Fortune 500 list in 2022.
- Bill Gates is the largest stakeholder in DE with almost 21 Million DE shares worth $1.4 Billion at the Current Market Price(CMP).
Deere & Company (DE) exhibits strong fundamentals that make it an attractive option for investment. With a market capitalization of $109.02 billion, DE has a solid financial position, especially when compared to its performance in the 2021 financial year. In 2022, the company reported an Operating Income of $9.13 billion, marking a significant increase from the previous year. Furthermore, its Net Income for 2022 amounted to $7.13 billion, demonstrating notable growth compared to 2021.
DE’s robust financial performance is also reflected in its revenue figures. In 2022, the company generated $52.58 billion in revenue, representing an increase from the previous financial year. The stock’s current market price stands at approximately $378.54.
Deere & Company’s stock performance is particularly impressive. Over time, it has experienced significant growth, with the stock appreciating by around 5,635 times in its overall history. Even over the past five years, DE’s stock has shown strong growth, increasing by approximately 155%. In the previous year, it recorded a growth rate of around 5.24%.
Live Chart of DE
Technical Analysis of DE
The bearish red candlestick pattern indicates that the prices will fall in the future. The market sentiments are bearish which means that the stock might be affected by the presence of bears. The prices might fall by 2.19% by 14 October 2023. It means the price may reach the $370 price level. The index of Fear and Greed shows 39 (Fear). The market price volatility is approximately 3.69% over the last 30 days.
Since October 2022, the stock has been moving in a sideways direction. On 25 July 2023 in the daily time frame, DE stock reached its ATH(All-Time High) which was around $449. Today, the stock is up by 0.76%. In the 1-D time frame analysis, the stock is not performing well. The stock price rose by $2.85 today. It might make its all-time high after giving some breakout.
SMA and EMA (50,100,200)
Simple Moving Average(SMA)
SMA 50- $405.44 (Sell)
The SMA 100- $400.84 (Sell)
SMA 200- $403.56 (Sell)
Exponential Moving Average(EMA)
EMA 50- $397.89 (Sell)
The EMA 100- $400.72 (Sell)
EMA 200- $398.28 (Sell)
Conclusion
Based on both technical and fundamental analysis, it appears that DE stock has strong fundamentals and could be a valuable investment. The company has a market capitalization of $109.02 billion, indicating its size and stability.
Financially, DE’s performance in 2022 was impressive. It reported an Operating Income of $9.13 billion, which increased compared to the previous financial year. Additionally, its Net Income in 2022 was $7.13 billion, showing growth from 2021. The firm’s 2022 revenue of $52.58 billion also increased compared to the prior year.
While short-term fluctuations are common, DE’s stock has shown strong long-term growth. Over the years, it has increased significantly, with an overall gain of approximately 5,635 times. In the previous five years, it was up by around 155%. Even in the previous year, it managed to increase by approximately 5.24%.
Technical Levels
Support level- $328
Resistance level- $446
Disclaimer
This is a general article that does not provide any financial information. Investors should focus on both technical analysis as well as fundamental analysis. The analysis is done to provide information to readers. To make them aware of investments. All the data is fluctuating due to stock market hours. It might change when readers read the article.