thyssenkrupp AG is a German multinational conglomerate with companies based in more than 80 countries. As of 3rd February 2023, its market capitalisation stands at 46.31 billion euros. This is slightly higher than the market capitalisation of 46.29 billion euros recorded on 2nd February and 45.64 billion euros recorded on 1st February 2023. It is largely due to the increase of 4.66% in the company’s stock price from 6.312 to 6.606 euros between 1st and 3rd February 2023.
The company’s current stock price has exceeded its 50-day moving average of 6.533 and 200-day moving average of 6.123 euros, which could be an indication that its share prices are building positive momentum in the medium-term and long-term respectively as compared to the past few months when they had been trading below these averages. Furthermore, the stock price has also exceeded its previous yearly high of 9.906 euros which was recorded on 15th March 2022 and is currently trading at around one third of this level suggesting that there is significant room for growth in the near future if investors remain bullish about its prospects over the year ahead.
Apart from this, thyssenkrupp AG has an earnings per share (EPS) ratio of 1.81 euro suggesting that it has sufficient liquidity even after taking into account all its expenses from day to day operations and other non-operating activities such as taxes, dividends etc., The low price/earnings (P/E) ratio of 3.65 also indicates that investors are willing to invest in the company given their confidence about its long term prospects despite short term volatility in stock prices for various macroeconomic reasons such as COVID pandemic or US-China trade war etc.,
In conclusion, with a rise in stock prices above key averages combined with respectable EPS figures and P/E ratio, thyssenkrupp AG appears to be well positioned financially with promising outlook for investors looking at investing in it over medium-term up until long term horizon.
