Shares in PepsiCo, Inc. (symbol ‘PEP’) had been rallying through most of the second quarter of the year, only to revert to the downside around the middle of the quarter. The company is expected to report earnings for the quarter ending June 2023, on Thursday, 13 July before markets open. The consensus EPS is $1.95, compared to $1.86 in the same quarter last year.
“PepsiCo’s current ratio for the three months to 31 March 2023 was 0.87 (87%). This indicates that the company is not able to repay its short term liabilities with the current assets in hand, making it a not-so-safe addition in investors’ portfolios,” says Antreas Themistokleous, an analyst at Exness.
“The debt-to-equity ratio for the first quarter was 2.18, against an industry average of around 2.5. This shows the company is well positioned in terms of debt in relation to industry the average, and is not at high risk of liquidity/borrowing issues.”
Technical analysis shows the price has been trading in a slightly inclined channel for the past month while the 50-day moving average is trading well above the 100-day moving average. This indicates that the overall bullish momentum has yet to shift, despite the big correction in mid-May.
The Stochastic oscillator is not recording any overbought or oversold levels, signaling that the price could move in either direction - with no clear indication as to what that might be. $182 and $188 represent the technical support and resistance levels respectively, coinciding as they do, with the 50% and 23.6% daily Fibonacci retracement levels.
Shares in PepsiCo, Inc. (symbol ‘PEP’) had been rallying through most of the second quarter of the year, only to revert to the downside around the middle of the quarter. The company is expected to report earnings for the quarter ending June 2023, on Thursday, 13 July before markets open. The consensus EPS is $1.95, compared to $1.86 in the same quarter last year.
“PepsiCo’s current ratio for the three months to 31 March 2023 was 0.87 (87%). This indicates that the company is not able to repay its short term liabilities with the current assets in hand, making it a not-so-safe addition in investors’ portfolios,” says Antreas Themistokleous, an analyst at Exness.
“The debt-to-equity ratio for the first quarter was 2.18, against an industry average of around 2.5. This shows the company is well positioned in terms of debt in relation to industry the average, and is not at high risk of liquidity/borrowing issues.”
Technical analysis shows the price has been trading in a slightly inclined channel for the past month while the 50-day moving average is trading well above the 100-day moving average. This indicates that the overall bullish momentum has yet to shift, despite the big correction in mid-May.
The Stochastic oscillator is not recording any overbought or oversold levels, signaling that the price could move in either direction - with no clear indication as to what that might be. $182 and $188 represent the technical support and resistance levels respectively, coinciding as they do, with the 50% and 23.6% daily Fibonacci retracement levels.
“PepsiCo’s current ratio for the three months to 31 March 2023 was 0.87 (87%). This indicates that the company is not able to repay its short term liabilities with the current assets in hand, making it a not-so-safe addition in investors’ portfolios,” says Antreas Themistokleous, an analyst at Exness.
“The debt-to-equity ratio for the first quarter was 2.18, against an industry average of around 2.5. This shows the company is well positioned in terms of debt in relation to industry the average, and is not at high risk of liquidity/borrowing issues.”
Technical analysis shows the price has been trading in a slightly inclined channel for the past month while the 50-day moving average is trading well above the 100-day moving average. This indicates that the overall bullish momentum has yet to shift, despite the big correction in mid-May.
The Stochastic oscillator is not recording any overbought or oversold levels, signaling that the price could move in either direction - with no clear indication as to what that might be. $182 and $188 represent the technical support and resistance levels respectively, coinciding as they do, with the 50% and 23.6% daily Fibonacci retracement levels.
Shares in PepsiCo, Inc. (symbol ‘PEP’) had been rallying through most of the second quarter of the year, only to revert to the downside around the middle of the quarter. The company is expected to report earnings for the quarter ending June 2023, on Thursday, 13 July before markets open. The consensus EPS is $1.95, compared to $1.86 in the same quarter last year.
“PepsiCo’s current ratio for the three months to 31 March 2023 was 0.87 (87%). This indicates that the company is not able to repay its short term liabilities with the current assets in hand, making it a not-so-safe addition in investors’ portfolios,” says Antreas Themistokleous, an analyst at Exness.
“The debt-to-equity ratio for the first quarter was 2.18, against an industry average of around 2.5. This shows the company is well positioned in terms of debt in relation to industry the average, and is not at high risk of liquidity/borrowing issues.”
Technical analysis shows the price has been trading in a slightly inclined channel for the past month while the 50-day moving average is trading well above the 100-day moving average. This indicates that the overall bullish momentum has yet to shift, despite the big correction in mid-May.
The Stochastic oscillator is not recording any overbought or oversold levels, signaling that the price could move in either direction - with no clear indication as to what that might be. $182 and $188 represent the technical support and resistance levels respectively, coinciding as they do, with the 50% and 23.6% daily Fibonacci retracement levels.