Deutsche Bank Aktiengesellschaft (NYSE:DB) finished Wednesday with an addition of $0.2 to close at $11.02, an upside of 1.85 percent. An average of 1,682,036 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 2,641,284 shares traded, while the 50-day average volume stands at 2,552,778.
DB stock has increased by 5.05% in the last month. The company shares reached their 1-month lowest point of $10.36 on 07/11/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $7.24 and a high of $13.57 in 52 weeks. It has reached a new high 11 times so far this year and lost -4.34% or -$0.51 in price. In spite of this, the price is down -18.79% from the 52-week high.
Valuation Metrics
Deutsche Bank Aktiengesellschaft (DB) has a trailing price-to-earnings (P/E) ratio of 4.39. The stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.58, the price-to-book (PB) ratio at 0.29.
The company has a payout ratio of 11.70%. The company’s most recent quarterly dividend payment was $0.3237 a share, representing a up of 119.76% from $0.1473 last year. Its latest increase dividend $0.1765 reported on Friday February 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 2.85 and a total debt to equity ratio of 2.85 for the quarter ending June 29. Its gross profit as reported stood at $14.73 billion compared to revenue of $25.76 billion.
Earnings Surprise
The analyst consensus anticipated Deutsche Bank Aktiengesellschaft’s latest quarter earnings to come in at $0.65 per share, but it turned out to be $0.59, a -9.20% surprise. At the end of the quarter ending June 29, Deutsche Bank Aktiengesellschaft’s stock balance sheet showed total debt was $454.7 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Deutsche Bank Aktiengesellschaft (DB) price momentum. RSI 9-day as of the close on 09 August was 51.64%, suggesting the stock is Neutral, with historical volatility in this time frame at 27.41%.
As of today, DB’s price is $10.94 +0.47% or $0.05 from its 5-day moving average. DB is currently trading +1.95% higher than its 20-day SMA and +11.33% higher than its 100-day SMA. However, the stock’s current price level is +5.47% above the SMA50 and +23.44% above the SMA200.
The stochastic %K and %D were 25.24% and 27.12%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 37.90% and the average true range at 0.25, the RSI (14) stands at 52.45%. The stock has reached -0.09 on the 9-day MACD Oscillator while the 14-day reading was at -0.23.
Analyst Ratings
Societe Generale downgraded Deutsche Bank Aktiengesellschaft (NYSE: DB) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Deutsche Bank Aktiengesellschaft (DB) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell DB, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is DB’s price target for the next 12 months?
Analysts predict a range of price targets between $10.77 and $21.24, with a median target of $13.25. Taking a look at these predictions, the average price target given by analysts for Deutsche Bank Aktiengesellschaft (DB) stock is $14.54.
