As of Thursday close, The Charles Schwab Corporation’s (NYSE:SCHW) stock was down -$0.68, moving down -1.12 percent to $59.77. The average number of shares traded per day over the past five days has been 8,543,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$4.77 fall in that time frame. In the last twenty days, the average volume was 7,883,750, while in the previous 50 days, it was 11,255,944.
Since last month, SCHW stock retreated -9.49%. Shares of the company fell to $59.64 on 08/17/23, the lowest level in the past month. A 52-week high of $86.63 was reached on 01/09/23 after having rallying from a 52-week low of $45.00. Since the beginning of this year, SCHW’s stock price has dropped by -28.21% or -$23.49, and marked a new high 3 times. However, the stock has declined by -31.01% since its 52-week high.
SCHW stock investors should be aware that The Charles Schwab Corporation (SCHW) stock had its last reported insider trading activity 23 days ago on Jul 26. Schwab Charles R., the Co-Chairman of the company, disposed of 75,760 shares for $66.60 on Jul 26. It resulted in a $5,045,821 divestment by the insider. Schwab Charles R. sold 72,047 shares at an average price of $66.66 on Jul 24. The insider now owns 59,748,538 shares following the transaction. On May 22, Co-Chairman Schwab Charles R. sold 77,640 shares at $51.76 apiece. The transaction was valued at $4,018,584.
Valuation Metrics
Right now, The Charles Schwab Corporation (SCHW) has a P/E ratio of about 17.35. The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 4.37, the price-to-book (PB) ratio of 3.89, and the price-to-cash flow ratio of 10.26 may also be considered.
The latest dividend of $0.25 per share was paid out, remained unchanged from last year’s $0.25. On Thursday January 26 2023, a $0.03 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.27, and the total debt-to-equity ratio was 13.44. On the profitability front, the trailing twelve-month gross margin is 82.80% percent. In the year ended June 29, operating margins totaled 36.20%. Based on annual data, SCHW earned $10.36 billion in gross profit and brought in $20.76 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 1.70%. Return on equity (ROE) for the past 12 months was 23.60%.
In The Charles Schwab Corporation’s quarter-end financial report for June 29, it reported total debt of $22.48 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SCHW’s revenue fell -9.39% to $5.12 billion during the quarter, while net income inched up to $4.66 billion. While analysts expected The Charles Schwab Corporation to report $0.71 quarterly earnings, the actual figure was $0.75 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $2.48 billion in EBITDA. The value of shareholders’ equity is $1.77 billion.
Technical Picture
This quick technical analysis looks at The Charles Schwab Corporation’s (SCHW) price momentum. With a historical volatility rate of 18.73%, the RSI 9-day stood at 25.04% on 17 August.
With respect to its five-day moving average, the current The Charles Schwab Corporation price is down by -7.39% percent or -$4.77. At present, SCHW shares trade -12.03% below its 20-day simple moving average and +12.22% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.45% above its SMA50 and -25.46% below its SMA200.
Stochastic coefficient K was 3.87% and Stochastic coefficient D was 4.85%, while ATR was 1.37. Given the Stochastic reading of 1.96% for the 14-day period, the RSI (14) reading has been calculated as 37.28%. As of today, the MACD Oscillator reading stands at -2.76, while the 14-day reading stands at -3.63.
Analyst Ratings
UBS reiterated its a Buy rating on The Charles Schwab Corporation (NYSE: SCHW) in a note to investors. The analysts firm has however raised their price target to $80, representing a possible 10.79% increase in the stock price. The Charles Schwab Corporation (SCHW) has been rated Overweight by analysts. According to 1 brokerage firm, SCHW is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate The Charles Schwab Corporation stock as buy, with 14 recommending it as overweight.
With a median target price of $75.00, the current consensus forecast for the stock is $50.00 – $95.00. Based on these forecasts, analysts predict The Charles Schwab Corporation (SCHW) will achieve an average price target of $73.78.
