Toyota Motor plans to build a $1.29 billion battery plant in North Carolina. The plant will be in Liberty, near Greensboro, N.C., and is expected to come online in 2025.
The plant will have four production lines. Each of these will have the capacity to deliver lithium-ion batteries adequate for 200,000 vehicles.
The plant is estimated to create 1,750 new jobs, with an expected average yearly salary of $62,000.
Toyota aims to expand the operation to at least six production lines for a total of up to 1.2 million vehicles per year. The company is committed to using 100% renewable energy at the facility.
The $1.29 billion investment made by Toyota and Toyota Tsusho is funded partly from a total investment of about $3.4 billion dedicated toward auto batteries in the U.S. through 2030.
TM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 38 cases where TM's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TM advanced for three days, in of 326 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 180 cases where TM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
The Momentum Indicator moved below the 0 level on November 26, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on TM as a result. In of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for TM turned negative on November 27, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
TM moved below its 50-day moving average on November 26, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where TM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.517) is normal, around the industry mean (6.142). P/E Ratio (11.020) is within average values for comparable stocks, (18.218). Projected Growth (PEG Ratio) (3.449) is also within normal values, averaging (5.723). Dividend Yield (0.019) settles around the average of (0.042) among similar stocks. P/S Ratio (1.135) is also within normal values, averaging (78.580).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock slightly better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. TM’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of motor vehicles and parts
Industry MotorVehicles