Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSE: HMC stock price surged over 1.02% in the August 21 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>Honda Motor Company has a market capitalization of $50.681 Billion.&nbsp;</a> </li> 
 <li> <span>3</span> <a>In the 52-week time frame, HMC shares traded highest at $32.62, and its lowest trading price was $21.44</a> </li> 
</ul> 
<p>NYSE: HMC stock price surged over 1.02% on the August 21 trading session; it opened trading at $30.39, lowering to $30.39; it hit a high of $30.69 and closed trading at $30.66 with an intraday trading volume of 772.233k.&nbsp;</p> 
<p>In the pre-market trading session, Honda Motor Company Ltd. stock opened 0.36% higher than its previous closing price. In the 52-week time frame, HMC shares traded highest at $32.62, and its lowest trading price was $21.44.&nbsp;</p> 
<p>Honda Motor Company has a market capitalization of $50.681 Billion, and its share’s average trading volume is 1.015 Million. HMC stock was trading below its annual price target of $35.33 at press time.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-hmc-stock-price-analysis-strong"><strong>HMC Stock Price Analysis&nbsp;</strong></h2> 
<p>In the past two trading sessions, buyers seemed more active than sellers, which helped HMC stock price surge upwards. From August 10 to August 17, sellers showed their aggressiveness, and the investors sold a significant portion of HMC shares.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/-PR2ldjnOV9jurNN5CdnrMGRTP9IV6f8P_Q5yERG0nJdb1Q7VGnrSP8KMKAfOAYLeqB2NtpaL4Cpin97ETRPChyLsQTBAvjZRl7_P-QlOD8Moumgrdjty-80fGG-JTTfVB_8jSirq9QMzU-b0DfHJyA" alt="HMC Stock Price Enjoying Bull Ride; Surged Approximately 18%"> 
  <figcaption class="wp-element-caption">
    Source: Honda Motor Company Ltd stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>After analyzing the candlestick pattern, it is noted that HMC’s share price might surge further and register a fresh 52-week high by the end of the ongoing week.&nbsp;&nbsp;</p> 
<p>If buyers continued their dominance over sellers, then there are possibilities that Honda Motor <a href="https://www.thecoinrepublic.com/2023/08/15/can-pepsico-inc-pep-stock-beat-the-196-mark-anytime-soon/" rel="noopener noreferrer nofollow">stock</a> might face immediate resistance of $31 and the next resistance of $31.90.&nbsp;</p> 
<p>If buyers fail to re-establish their position in the August 22 trading session, then the price might face immediate support of $29.99 and the next support of $28.82.</p> 
<p>Despite the intraday surge, HMC stock price lost 1.95% of its trading price in a month. It is important to note that the stock price added 18.61% to its trading price in the past six months, and its price is 32.78% up in YTD.&nbsp;&nbsp;&nbsp;</p> 
<p>At press time, Honda Motors stock was trading below the 50-day and 200-day exponential moving averages. According to TradingView, 1.649 Billion HMC shares are free floating in the market, and the remaining 14.846k shares are closely held by the company’s financial backers or the board of directors.&nbsp;&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-honda-motor-company-ltd-earnings-revenue-strong"><strong>Honda Motor Company Ltd Earnings &amp; Revenue</strong></h3> 
<p>In Q1 2023, Honda Motor Company Ltd. was supposed to report $32.08 Billion in revenue, but the company still needs to meet the expectation and reported 2.35% less revenue than estimated figures.&nbsp;</p> 
<p>As per estimation, Honda Motor Company might report $34.86 Billion in Q2 and $35.17 Billion in Q3 2023. Despite negative revenue in Q1, Earning Per Share, the company surged over 40.30% compared to the estimated EPS.&nbsp;</p> 
<p>In the financial year 2022, Honda Motor Company Ltd. reported 6.72% less revenue than the annual estimated figures. From the reported revenue of 2022, the gross profit of the company was 19%, earnings before interest, taxes, depreciation, and amortization (EBITDA) was 14%, earnings before interest and taxes (EBIT) was 5%, and its net income was 4%.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;</strong></h4> 
<p><strong>Major support: </strong>$29.99 and $28.82&nbsp;</p> 
<p><strong>Major resistance: </strong>$31 and $31.90</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>Honda Motor Company Ltd (NYSE: HMC) stock price surged over 1.02% in the August 21 trading session. In the 52 weeks time frame, HMC shares traded highest at $32.62, and its lowest trading price was $21.44. After analyzing the candlestick pattern, it is noted that HMC’s share price might surge further and register a fresh 52-week high by the end of the ongoing week.&nbsp;&nbsp;&nbsp;&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

HMC Stock Price Enjoying Bull Ride; Surged Approximately 18%

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