State Street Corporation (NYSE:STT) saw an upside of 1.04% to close Monday at $73.90 after adding $0.76 on the day. The 5-day average trading volume is 2,667,000 shares of the company’s common stock. It has gained $74.68 in the past week and touched a new high 5 times within the past 5 days. An average of 3,694,140 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,939,718.
STT’s 1-month performance is 0.03% or $0.02 on its low of $65.40 reached on 07/17/23. The company’s shares have touched a 52-week low of $58.62 and high of $94.74, with the stock’s rally to the 52-week high happening on 02/14/23. YTD, STT has lost -4.73% or -$3.67 and has reached a new high 17 times. However, the current price is down -21.99% from the 52-week high price.
Insider Transactions
STT stock investors last saw insider trading activity on Aug 01.Maiuri Louis D (President and COO) most recently sold 8,800 shares at $71.96 per share on Aug 01. This transaction cost the insider $633,248. Vice Chairman and CFO, Aboaf Eric W., sold 11,899 shares at a price of $68.28 on May 19. Then, on May 19, EVP and Chief Admin Officer RICHARDS MICHAEL L sold 319 shares at a price of $69.68 per share. This transaction amounted to $22,228.
Valuation Metrics
STT stock has a beta of 1.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.30 while the price-to-book (PB) in the most recent quarter is 1.10, with the price to cash flow ratio at 3.82.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.77, while the total debt to equity was 0.77. The firm’s gross profit as reported stood at $2.54 billion against revenue of $4.09 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected STT to announce $2.1 per share in earnings in its latest quarter, but it posted $2.17, representing a 3.30% surprise. Shareholders hold equity totaling $318.64 million.
Let’s look briefly at State Street Corporation (STT) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 63.05% to suggest the stock is trending Neutral, with historical volatility in this time period at 13.48%.
The stock’s 5-day moving average is $72.98, reflecting a +2.02% or $1.46 change from its current price. STT is currently trading -0.81% above its 20-day SMA, -3.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +10.25% and SMA200 by+14.72%.
Stochastic %K and %D was 88.68% and 82.72% and the average true range (ATR) pointed at 1.70. The RSI (14) points at 57.49%, while the 14-day stochastic is at 87.66% with the period’s ATR at 1.78. The stock’s 9-day MACD Oscillator is pointing at 1.08 and 1.75 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for State Street Corporation (NYSE: STT), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock.
