Million

Resistance

Billion

<ul class="list-ic vertical">
 <li><span>1</span> <a>CAT stock price current revenue and profit margin have increased from last quarter’s revenue.</a></li>
 <li><span>2</span> <a>Caterpillar Inc. (NYSE: CAT) stock’s 52-week price range is between $160 – $293.</a></li>
</ul>
<p>CAT stock’s balance sheet for the quarter ended June 2023 showed total assets of $85.43 Billion and total liabilities of $67.17 Billion. The debt-to-assets ratio for CAT stock was 78.63%.</p>
<p>CAT stock’s earnings report for the quarter ended June 2023 revealed a revenue of $17.32 Billion, with a net income of $2.92 Billion, and a profit margin of 16.87%, which was higher than the previous quarter. The stock’s revenue beat the analysts’ expectations by $855.053 Million (5.19%).</p>
<p>CAT stock’s earnings per share (EPS) for the quarter that ended in June 2023 was $5.55, which surpassed the analysts’ estimate of $4.574 by 21.33%. The estimated revenue and EPS for the stock for the next quarter are $16.518 Billion and $4.759, respectively. The next earnings report will be released on October 26th, 2023.</p>
<p>The CAT stock’s dividend yield for TTM is 1.83% and its last dividend payment was $1.30 per share. The last ex-dividend date for the stock is October 20, 2023, and its payout ratio is 30.48%.</p>
<p>CAT stock has confidence in its future growth and ample cash flow to invest in its business, as shown by its low dividend payout ratio. Its dividends are also safe and reliable, as its earnings and cash flows support them.</p>
<p>The CAT dividend amount has shown that the company is financially and fundamentally healthy, as it has increased from $3.36 to $4.71 in the past five years.</p>
<h2 class="wp-block-heading" id="strong-cat-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>CAT Stock Price Technical Analysis in 1-D Timeframe</strong></h2>
<p>The current market price of CAT stock is $267.94, which is 0.62% lower than the previous close. The average trading volume of the stock for the past 10 days is 2.01 Million shares, and the current trading volume is 1.919 Million shares. The number of shares available for trading in the market is 509.395 Million, and the total market value of CAT stock is $136.688 Billion.</p>
<p>According to the Caterpillar Inc. (NYSE: CAT) chart, the stock price has been on an upward trend since March 2020, when it bounced from the $87 support level. It peaked at $293 in August 2023, breaking through several resistance levels and making higher highs and lows.</p>
<p>However, this trend was interrupted and CAT stock price started to decline as investors took profits from the June 2023 quarterly results.</p>
<p>On the other hand, <a href="https://www.thecoinrepublic.com/2023/10/09/caterpillar-stock-will-cat-stock-price-recover-before-earnings/" rel="noopener noreferrer nofollow">Caterpillar</a> has shown signs of recovery as it found support at around $258 on October 6th, 2023, and stopped making lower lows. Moreover, this year, CAT has been following a rising trendline support.</p>
<p>Therefore, if CAT stock can gain strong buying momentum and rise above the previous swing highs, it may make new highs. The possible resistance levels are between $280 and $290.</p>
<p>On the contrary, if CAT stock faces resistance again and continues to fall and breaks below $260, it may drop to $250.</p>
<p>At the time of writing, <a href="https://www.thecoinrepublic.com/2023/10/09/caterpillar-stock-will-cat-stock-price-recover-before-earnings/" rel="noopener noreferrer nofollow">Caterpillar Inc</a>. is trading below the major 20 and 50 EMAs. If more buyers enter the market, CAT may overcome the resistance levels and EMAs.</p>
<p>The MACD shows a potential bullish cross as the histogram width is narrow. The RSI is at 44.32. The indicators in CAT stock suggest bullish signals on the charts.</p>
<p>In addition, the stock ratings for CAT stock are positive and highly recommended based on 26 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for CAT stock by 21 analysts range between $175.00 to $365.00.</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/PIoruc7-m5H6Bfz2sHRz5F27Ae3inzGeH_8AqYNHaKtt7NLIJgIB9L_6VyQHicLhzGaSn19H5Typ0QYAg4yBScJ8tPubKiC1cpo1WL2lObWUySGOxdwcIYzClEYg30fPwIwBpJK3eainCV8KThnRzeM" alt="CAT Stock Forecast: Can (NYSE: CAT) Achieve $300 By December?">
  <figcaption class="wp-element-caption">
   Source: CAT.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/cucAZVQRpBo4MZ-T4Nzxh4jNeczIfYkQ-ohPOhGfybG2ugWhs7t77lK5UIjybXPKzGCJ4r35yg1IGi1lQjmkvycJmxaI8Ohq9m6ERnWzZbfpNw90Att5i_xad9ymlGDj8GNw8ivZCuQSvSTfL7WbX_g" alt="CAT Stock Forecast: Can (NYSE: CAT) Achieve $300 By December?">
  <figcaption class="wp-element-caption">
   Source: CAT.1D.NYSE by TradingView
  </figcaption>
 </figure>
</div>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>Caterpillar Inc. (NYSE: CAT) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D timeframe, based on 26 analysts who have evaluated the CAT stock in the last three months. The price action of CAT shows a higher highs and lows formation showing signs of a more bullish outlook at the time of publishing. The crucial technical analysis tools of the Caterpillar stock price highlight upward signals and support bullishness.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels</strong>: $260 and $250</p>
<p><strong>Resistance Levels</strong>: $280 and $290</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

CAT Stock Forecast: Can (NYSE: CAT) Achieve $300 By December?

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