Analysis of Market Ratios in Predicting Stock Prices Moderated by Stock Transaction Volume in Technology Companies in Indonesia

Abstrak

This study aims to analyze the effect of market ratios, namely Earnings Per Share (EPS), Earnings Yield (EY), and Profit Growth, on stock prices, with stock trading volume as a moderating variable in technology sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period.

This study employs a quantitative approach using panel data analysis methods. The data used are secondary data obtained from companies’ annual financial statements, the Indonesia Stock Exchange, and other official stock market data sources. The analytical techniques applied include descriptive statistical analysis, panel data model selection tests, panel data regression analysis, and Moderated Regression Analysis (MRA).

The results indicate that, partially, EPS and EY have a significant effect on stock prices, while Profit Growth does not have a significant effect on stock prices of technology sector companies. In addition, stock trading volume is able to moderate the relationship between EPS, EY, and Profit Growth and stock prices. This study demonstrates that corporate profit growth receives a stronger market response when accompanied by an increase in stock trading activity. The findings are expected to contribute academically to the development of capital market studies and to serve as a practical reference for investors