What Does MACD Oscillator Analysis predict about Avis Budget Group, Inc. (NASDAQ:CAR)?


Technical Indicators and Signals

The stochastic oscillator indicator is the important indicator to compare the security price over a certain period of time. The stochastic %K of Avis Budget Group, Inc. (NASDAQ:CAR) for the period of 9-Day stands at 92.84% while the stochastic %D for the same period stands at 94.9%.

The 7-Day Average Directional Index ADX (also known as Trend Strength Indicator) of Avis Budget Group, Inc. (NASDAQ:CAR) signals “Buy” while other important signals like the 20-Day Moving Average Vs. Price signals “Buy”.

Another important signal of trend and momentum of a security is 20-50 Day MACD Oscillator or Moving Average Convergence Divergence signals “Buy” for Avis Budget Group, Inc. (NASDAQ:CAR) while 20-100 Day MACD Oscillator indicates “Buy”.

Bollinger band is a volatility indicator of a certain security, currently Avis Budget Group, Inc. (NASDAQ:CAR)’s 20-Day Bollinger Band indicates “Hold”.

About Company

Avis Budget Group, Inc. is a leading provider of vehicle rental services, with operations in more than seventy countries. Through its Avis and Budget brands, the company is the largest general-use vehicle rental company in each of North America, Australia, New Zealand and certain other regions. Avis Budget Group is headquartered in Parsippany, N.J. Avis is a leading supplier to the premium commercial and leisure segments of the travel industry, and Budget is a leading supplier to price-conscious car rental segments. Avis Budget Group maintains the leading share of airport car rental revenue, and we operate the second largest consumer truck rental business in the United States. The company generate significant benefits from operating two distinctive car rental brands targeting different market segments but share the same fleet, maintenance facilities, technology and administrative infrastructure

Previous Day Activity Analysis

On the last trading day, Avis Budget Group, Inc. (NASDAQ:CAR) opened the session at $41.14 and after going down -0.02% closed at $41.25. The stock gained 0.11 points in the last trade.

Avis Budget Group, Inc. (NASDAQ:CAR)’s stock fluctuated in the range of $40.81 and $41.45 during the previous active session. Avis Budget Group, Inc. (NASDAQ:CAR) traded with the volume of 1.37 Million with average volume of 2.99 Million. The stock has LOW volatility on the last trading session.

Currently the Beta for the company remains at 2.56 while ATR (Average True Range) and RSI (Relative Strength Index) are at 1.1 and 71.8 respectively.

Currently the Insider Ownership of the shares of Avis Budget Group, Inc. (NASDAQ:CAR) is at 1.5% and the shares outstanding are 82.55 Million.

Important Ratio Analysis

Some important ratios to consider here for Avis Budget Group, Inc. (NASDAQ:CAR) are discussed below:

Dividend yield of Avis Budget Group, Inc. (NASDAQ:CAR) stands at 0% whereas Price to Earnings P/E ratio stands at 58.18 while Forward P/E shows the value of 12.63.

The PEG ratio (Price to Earning to Growth) emits the value of 6.46. The Price to Sale P/S and Price to Book P/B shows the value of 0.4 and 23.44 respectively. While Price to Cash P/C and Price to Free Cash Flow P/FCF stands at 4.39 and 1.36 correspondingly.

The Quick Ratio of Avis Budget Group, Inc. (NASDAQ:CAR) stands at 1.3 while the Current Ratio depicts the value of 1.3.

Return on Assets ROA of Avis Budget Group, Inc. (NASDAQ:CAR) is at 0.4% whereas, Return on Equity ROE and Return of Investment ROI of Avis Budget Group, Inc. (NASDAQ:CAR) stand at 30.1% and 4.9% respectively.

Stock Performance Analysis

The stock performance of Avis Budget Group, Inc. (NASDAQ:CAR) on the basis of 5 day trade show the jump of 4.4% whereas, the monthly performance of the stock shows increase of 17.42%.

The quarterly performance of the stock remained in green zone with the value of 31.37% while six month performance of the shares of Avis Budget Group, Inc. (NASDAQ:CAR) remained bullish with the count of 43.78%.

The yearly and YTD performance of Avis Budget Group, Inc. (NASDAQ:CAR) remained up at 32% and 12.46% respectively.