What You Need To Know About Citigroup Inc. (C)

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Citigroup Inc. (NYSE:C) finished Thursday with an addition of $0.54 to close at $45.16, an upside of 1.21 percent. An average of 16,280,761 shares of common stock have been traded in the last five days. There was a gain of $0.35 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 18,488,020 shares traded, while the 50-day average volume stands at 17,357,594.

C stock has decreased by -5.07% in the last month. The company shares reached their 1-month lowest point of $42.90 on 12/22/22. With the stock rallying to its 52-week high on 02/11/22, shares of the company touched a low of $40.01 and a high of $69.11 in 52 weeks. It has reached a new high 8 times so far this year and lost -25.22% or -$15.23 in price. In spite of this, the price is down -34.65% from the 52-week high.

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Insider Transactions

C stock investors should be aware that Citigroup Inc. (C) stock had its last reported insider trading activity 109 days ago on Sep 12. In this transaction, the insider spent $167,270,478. Head of Human Resources, Wechter Sara, disposed of 14,800 shares at a price of $68.56 on Feb 11. The insider now owns more than $1,014,614 worth of shares. Prior to that, Chief Compliance Officer McNiff Mary went on to Sale 5,000 shares at $68.66 each on Feb 11. An amount of $343,300 was transacted.

Valuation Metrics

Citigroup Inc. (C) has a trailing price-to-earnings (P/E) ratio of 6.09. The stock’s beta is 1.56. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.41, the price-to-book (PB) ratio at 0.49.

The company has a payout ratio of 27.80%. The company’s most recent quarterly dividend payment was $0.51 a share, without any change from last year. Its latest increase dividend $0.06 reported on Wednesday July 17 2019.

Financial Health

Further, the company has a long term debt to equity ratio of 1.37 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $42.49 billion compared to revenue of $50.48 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Citigroup Inc.’s return on assets was 0.60%.

Earnings Surprise

For the three-month period that ended September 29, Citigroup Inc. had $253.07 billion in total debt. The analyst consensus anticipated Citigroup Inc.’s latest quarter earnings to come in at $1.42 per share, but it turned out to be $1.63, a 14.80% surprise. At the end of the quarter ending September 29, Citigroup Inc.’s stock balance sheet showed total debt was $579.58 billion. Shareholders own equity worth $1.94 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Citigroup Inc. (C) price momentum. RSI 9-day as of the close on 29 December was 51.38%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.20%.

As of today, C’s price is $44.48 +0.78% or $0.35 from its 5-day moving average. C is currently trading -6.71% lower than its 20-day SMA and -12.26% lower than its 100-day SMA. However, the stock’s current price level is +2.29% above the SMA50 and -18.05% below the SMA200.

The stochastic %K and %D were 36.77% and 31.92%, respectively, and the average true range (ATR) was 1.03. With the 14-day stochastic at 45.60% and the average true range at 1.11, the RSI (14) stands at 48.35%. The stock has reached 0.35 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.

Analyst Ratings

Piper Sandler launched coverage on Citigroup Inc. (NYSE: C) in its analyst report released on December 08, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Citigroup Inc. (C) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell C, while 18 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.

What is C’s price target for the next 12 months?

Analysts predict a range of price targets between $42.00 and $95.00, with a median target of $52.00. Taking a look at these predictions, the average price target given by analysts for Citigroup Inc. (C) stock is $55.83.

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