Citigroup Inc. (NYSE:C) finished Thursday with a subtraction of $0.0 to close at $41.08, a downside of 0.00 percent. An average of 15,942,880 shares of common stock have been traded in the last five days. There was a fall of -$1.38 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 15,507,890 shares traded, while the 50-day average volume stands at 16,325,698.
C stock has decreased by -13.50% in the last month. The company shares reached their 1-month lowest point of $40.72 on 08/24/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $40.01 and a high of $53.23 in 52 weeks. It has reached a new high 12 times so far this year and lost -9.18% or -$4.15 in price. In spite of this, the price is down -22.83% from the 52-week high.
Insider Transactions
C stock investors should be aware that Citigroup Inc. (C) stock had its last reported insider trading activity 129 days ago on Apr 18. In this transaction, the insider spent $598,440. Head of Human Resources, Wechter Sara, disposed of 2,950 shares at a price of $50.77 on Feb 21. The insider now owns more than $149,772 worth of shares. Prior to that, CEO, Legacy Franchises COLE TITILOPE went on to Sale 11,903 shares at $51.10 each on Feb 17. An amount of $608,303 was transacted.
Valuation Metrics
Citigroup Inc. (C) has a trailing price-to-earnings (P/E) ratio of 6.51. The stock’s beta is 1.57. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.74, the price-to-book (PB) ratio at 0.42.
The company has a payout ratio of 32.10%. The company’s most recent quarterly dividend payment was $0.53 a share, representing a up of 3.92% from $0.51 last year. Its latest increase dividend $0.02 reported on Thursday July 20 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.42 for the quarter ending June 29. Its gross profit as reported stood at $48.67 billion compared to revenue of $74.41 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 0.50%.
Earnings Surprise
For the three-month period that ended June 29, Citigroup Inc. had $274.51 billion in total debt. The analyst consensus anticipated Citigroup Inc.’s latest quarter earnings to come in at $1.3 per share, but it turned out to be $1.33, a 2.30% surprise. At the end of the quarter ending June 29, Citigroup Inc.’s stock balance sheet showed total debt was $634.03 billion. Shareholders own equity worth $1.93 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 24 August was 13.26%, suggesting the stock is oversold, with historical volatility in this time frame at 11.48%.
As of today, C’s price is $41.50 -3.25% or -$1.38 from its 5-day moving average. C is currently trading -14.20% lower than its 20-day SMA and -12.39% lower than its 100-day SMA. However, the stock’s current price level is -15.63% below the SMA50 and -8.97% below the SMA200.
The stochastic %K and %D were 4.24% and 4.30%, respectively, and the average true range (ATR) was 0.91. With the 14-day stochastic at 6.52% and the average true range at 0.93, the RSI (14) stands at 21.20%. The stock has reached -1.15 on the 9-day MACD Oscillator while the 14-day reading was at -2.10.
Analyst Ratings
Odeon upgraded Citigroup Inc. (NYSE: C) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold. 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 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 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 $45.00 and $95.00, with a median target of $50.00. Taking a look at these predictions, the average price target given by analysts for Citigroup Inc. (C) stock is $54.78.
