In this article we will be analyzing Deere & Company. We will be looking over the current market data to assess wether or not it is a good investment. To get started, the stock opened this morning at $347.62 and has moved $-3.61000000000001 from yesterday’s closing price of $346.1. The high for today is $349.04 and the low is $342. A great indicator of where a stock is trending is by looking at it’s 52-week high/low. This is a technical indicator used by some traders and investors who view these figures as an important factor in the analysis of a stock’s current value and as a predictor of its future price movement. The 52-week high for Deere & Company is $400.3399 and the low is $169.83. The volume (the number of shares traded in a stock or contracts traded in futures or options.) is 1153902. Now that we know where Deere & Company stands in price and volume, let’s learn more about the future of the company.
Forecast & Beta
As an investor, you can get an idea of where the stock is trending by the forecast and beta. Beta is calculated using regression analysis. A beta of 1 indicates that the security’s price tends to move with the market. A beta greater than 1 indicates that the security’s price tends to be more volatile than the market. A beta of less than 1 means it tends to be less volatile than the market. Deere & Company has a beta of 1.05886. Knowing all of this, we project that Deere & Company will have a price of $433.5 in 12-months compared to it’s current price of $342.49 ($385.56 difference). We can also take a look at the comapany’s marketcap. Marketcap is important because it allows investors to understand the relative size of one company versus another. Market cap measures what a company is worth on the open market, as well as the market’s perception of its prospects, because it reflects what investors are willing to pay for its stock. Deere & Company has a marketcap of $107797800000.