The stock of Citigroup Inc. (NYSE:C) decreased by -$0.47 on Monday to finish at $44.10, down -1.05 percent. The last five days have seen an average of 14,169,439 shares of common stock traded. 12 times new highs were reached in the current year, with a fall of -$1.13. The average number of shares traded over the last 20 days was 16,538,516, while the average volume over the last 50 days totaled 16,022,776.
C stock dropped -3.61% since last month. On 08/14/23, the company’s shares reached a one-month low of $43.98. The stock touched a high of $54.56 on 02/02/23, after rallying from a low of $40.01 in 52 weeks. The price of C stock has declined by -2.50% or -$1.13 this year, reaching a new high 12 times. Still, the stock price is down -19.17% 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 119 days ago on Apr 18. On Apr 18, Chief Risk Officer Turek Zdenek sold 12,000 shares at $49.87 each. This transaction resulted in the insider making $598,440. On Feb 21, Wechter Sara sold 2,950 shares at a price of US$50.77. After the transaction, the insider now owns 82,779 shares. CEO, Legacy Franchises COLE TITILOPE had earlier sold 11,903 shares on Feb 17 for $51.10 a share. The transaction was completed for $608,303.
Valuation Metrics
Citigroup Inc. (C) has a trailing price-to-earnings (P/E) ratio of 6.99. Beta for the stock is 1.55. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.78, the price-to-book (PB) ratio of 0.45.
Company paid $0.53 per share in dividends, an increase of 3.92% from $0.51 last year. A $0.02 dividend increase was reported on Thursday July 20 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.42, and the total debt to equity ratio is 1.42. Citigroup Inc.’s operating margin stood at 43.20% for the same period. Based on annual data, it had gross profit of $48.67 billion and revenue of $74.41 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. C’s return on assets (ROA) during the last 12 months has been 0.50%. There was a 9.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.70%.
Earnings Surprise
According to Citigroup Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Citigroup Inc.’s quarterly earnings would be $1.33, but it ended up being $1.3, beating the consensus by 2.30%. At the end of Citigroup Inc.’s most recent quarter ended June 29, its total debt was $634.03 billion. Equity owned by shareholders amounts to $1.93 billion.
Technical Picture
Here’s a quick look at Citigroup Inc.’s (C) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 26.50%, suggesting the stock is oversold, with a 10.80% historical volatility rate.
The stochastic %K and %D were 5.94% and 7.76% respectively, while the average true range (ATR) was 0.91. Based on the 14-day stochastic reading of 2.33%, the RSI (14) reading is 33.37%. On the 9-day MACD Oscillator, the stock is at -0.85, and the 14-day reading is at -1.68.
Analyst Ratings
In its most recent analyst report, Odeon raised its rating on Citigroup Inc. (NYSE: C) to a Buy. Prior to this, analysts firm rated the stock as a Hold. Analysts have assigned Citigroup Inc. (C) an Overweight rating. C is a stock that is recommended for selling by 1 brokerage firm, while 16 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is C’s price target for the next 12 months?
The current consensus forecast for the stock is between $45.00 and $95.00, with a median target price of $50.50. In analyzing these forecasts, the average price target given by analysts for Citigroup Inc. (C) is $55.39.
