The XOM stock price fluctuated between $85.43 and $91.5 throughout the trading session with the volume trading being 71M shares, which represented a positive variation when compared to the three months average volume of 29M shares.
The share price of Exxon Mobil Corporation (NYSE:XOM) ran up 0.76% to close Tuesday’s market session at $87.78, higher as compared to yesterday’s close which brings the market valuation of the company to $329.54B.
The 52-week high for the Exxon Mobil Corporation’s shares is $91.50. That puts it -4.07% from that peak with a 52-week low of $52.10, while the S&P 500’s share price change was of 7.75%.
The company currently has a 14.44 P/E ratio and a price target of $84.29.
What does the trading volume tell us about the XOM stock?
During the last trading session, Exxon Mobil Corporation (NYSE:XOM) has seen growth in its daily volume. The daily volume was of 71M, while in the last 10 days the average was 38.05M and last three months – 29.26M.
Growing short interest
The Exxon Mobil Corporation’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 48.52M shares being shorted which translates into 1.41 of a short ratio for XOM, while in the previous month the shorted shares were 43.24M.
Exxon Mobil Corporation’s (NYSE:XOM) financials
With a market cap of 329.54B, Exxon Mobil Corporation holds a total cash of $6.8B that translates into $1.61 per share, while the total debt is of $53.03B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 79.40%. The current revenue is of $278.98B that is $65.26 per share.
This is a great sign for a bright future.