The PFE stock price fluctuated between $45.89 and $48.57 throughout the trading session with the volume trading being 77M shares, which represented a positive variation when compared to the three months average volume of 24M shares.
The share price of Pfizer Inc. (NYSE:PFE) ran up 4.81% to close Tuesday’s market session at $48.19, higher as compared to yesterday’s close which brings the market valuation of the company to $269.75B.
The 52-week high for the Pfizer Inc.’s shares is $48.57. That puts it -0.78% from that peak but still a good gain since the share price dropped to a 52-week low of $32.83, while the S&P 500’s share price change was of 33.1%.
The company currently has a 24.41 P/E ratio and a price target of $42.97.
What does the trading volume tell us about the PFE stock?
During the last trading session, Pfizer Inc. (NYSE:PFE) has seen decay in its daily volume. The daily volume was of 24M, while in the last 10 days the average was 35.2M and last three months – 24.41M.
Growing short interest
The Pfizer Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 59.77M shares being shorted which translates into 2.62 of a short ratio for PFE, while in the previous month the shorted shares were 57.32M.
Pfizer Inc.’s (NYSE:PFE) financials
With a market cap of 269.75B, Pfizer Inc. holds a total cash of $13.67B that translates into $2.44 per share, while the total debt is of $39.7B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 44.60%. The current revenue is of $46.41B that is $8.34 per share.
This is a great sign for a bright future.