Paccar Inc. (PCAR) Shares Down Despite Recent Market Volatility

Paccar Inc. (NASDAQ: PCAR) has seen a decline in its stock price by -1.22 in relation to its previous close of 123.10. However, the company has experienced a -1.45% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-01 that In the closing of the recent trading day, Paccar (PCAR) stood at $123.10, denoting a -0.64% change from the preceding trading day.

Is It Worth Investing in Paccar Inc. (NASDAQ: PCAR) Right Now?

Paccar Inc. (NASDAQ: PCAR) has a price-to-earnings ratio of 13.88x that is above its average ratio. Additionally, the 36-month beta value for PCAR is 0.92. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 3 rating it as “overweight,” 14 rating it as “hold,” and 1 rating it as “sell.”

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The public float for PCAR is 514.58M and currently, short sellers hold a 1.35% ratio of that float. The average trading volume of PCAR on April 03, 2024 was 2.31M shares.

PCAR’s Market Performance

PCAR stock saw an increase of -1.45% in the past week, with a monthly gain of 7.43% and a quarterly increase of 24.53%. The volatility ratio for the week is 1.35%, and the volatility levels for the last 30 days are 1.69% for Paccar Inc. (PCAR). The simple moving average for the past 20 days is 2.27% for PCAR’s stock, with a 32.95% simple moving average for the past 200 days.

Analysts’ Opinion of PCAR

Many brokerage firms have already submitted their reports for PCAR stocks, with RBC Capital Mkts repeating the rating for PCAR by listing it as a “Sector Perform.” The predicted price for PCAR in the upcoming period, according to RBC Capital Mkts is $123 based on the research report published on March 26, 2024 of the current year 2024.

Truist gave a rating of “Hold” to PCAR, setting the target price at $117 in the report published on March 14th of the current year.

PCAR Trading at 9.73% from the 50-Day Moving Average

After a stumble in the market that brought PCAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.11% of loss for the given period.

Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +8.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.32% upper at present.

During the last 5 trading sessions, PCAR fell by -1.45%, which changed the moving average for the period of 200-days by +55.78% in comparison to the 20-day moving average, which settled at $119.36. In addition, Paccar Inc. saw 24.53% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at PCAR starting from SCHIPPERS HARRIE, who sale 32,797 shares at the price of $106.08 back on Feb 12 ’24. After this action, SCHIPPERS HARRIE now owns 103,547 shares of Paccar Inc., valued at $3,479,024 using the latest closing price.

HUBBARD TODD R, the VICE PRESIDENT of Paccar Inc., sale 2,000 shares at $106.15 during a trade that took place back on Feb 12 ’24, which means that HUBBARD TODD R is holding 5,726 shares at $212,300 based on the most recent closing price.

Stock Fundamentals for PCAR

Current profitability levels for the company are sitting at:

  • 0.16 for the present operating margin
  • 0.2 for the gross margin

The net margin for Paccar Inc. stands at 0.13. The total capital return value is set at 0.18. Equity return is now at value 31.68, with 12.42 for asset returns.

Based on Paccar Inc. (PCAR), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 10.8.

Currently, EBITDA for the company is 6.87 billion with net debt to EBITDA at 1.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.02. The receivables turnover for the company is 15.98for trailing twelve months and the total asset turnover is 0.86. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.08.

Conclusion

In conclusion, Paccar Inc. (PCAR) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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