Toyota is recalling around 70,000 Toyota and Lexus vehicles in North America, to replace air bag inflators that could have deteriorated.
The recalled car models include the 2003 to 2005 Corolla, the 2002 to 2005 Sequoia, the 2003 to 2005 Tundra and the 2002 to 2005 Lexus SC. About 65,000 of the recalled vehicles are in the U.S.
While Takata uses ammonium nitrate to create a small explosion and inflate the airbags, it can degenerate and burn too quickly – something that could eventually blow a metal canister apart. As part of the latest recall, Toyota wants to reportedly use inflators made by a different company with a safer chemical. Users will be notified of the recall and replacement in 2019.
This is not the first time that the Japanese automaker has had to recall vehicles. In November, it recalled more than one million vehicles globally, owing to faulty airbags. In October, Toyota announced the global recall of around 188,000 pickup trucks, sports utility vehicles and cars.
TM saw its Momentum Indicator move below the 0 level on April 03, 2024. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 82 similar instances where the indicator turned negative. In of the 82 cases, the stock moved further down in the following days. The odds of a decline are at .
The Moving Average Convergence Divergence Histogram (MACD) for TM turned negative on April 01, 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 48 similar instances when the indicator turned negative. In of the 48 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 April 16, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for TM crossed bearishly below the 50-day moving average on April 22, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
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 Aroon Indicator for TM entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator entered the oversold zone -- be on the watch for TM's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where TM advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .
TM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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 (6.005). P/E Ratio (11.020) is within average values for comparable stocks, (18.064). Projected Growth (PEG Ratio) (3.449) is also within normal values, averaging (5.553). Dividend Yield (0.019) settles around the average of (0.043) among similar stocks. P/S Ratio (1.135) is also within normal values, averaging (74.209).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. TM’s price grows at a higher 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 consistent 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 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 average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of motor vehicles and parts
Industry MotorVehicles