As of Thursday close, Citigroup Inc.’s (NYSE:C) stock was down -$0.08, moving down -0.19 percent to $41.29. The average number of shares traded per day over the past five days has been 16,042,880 shares. 2 times new highs have been achieved over the past 5 days, with a $0.21 gain in that time frame. In the last twenty days, the average volume was 15,664,480, while in the previous 50 days, it was 16,359,346.
Since last month, C stock retreated -10.84%. Shares of the company fell to $40.72 on 08/24/23, the lowest level in the past month. A 52-week high of $53.23 was reached on 02/02/23 after having rallying from a 52-week low of $40.01. Since the beginning of this year, C’s stock price has dropped by -8.71% or -$3.94, and marked a new high 12 times. However, the stock has declined by -22.43% since its 52-week high.
C stock investors should be aware that Citigroup Inc. (C) stock had its last reported insider trading activity 136 days ago on Apr 18. Turek Zdenek, the Chief Risk Officer of the company, disposed of 12,000 shares for $49.87 on Apr 18. It resulted in a $598,440 divestment by the insider. Wechter Sara sold 2,950 shares at an average price of $50.77 on Feb 21. The insider now owns 82,779 shares following the transaction. On Feb 17, CEO, Legacy Franchises COLE TITILOPE sold 11,903 shares at $51.10 apiece. The transaction was valued at $608,303.
Valuation Metrics
Right now, Citigroup Inc. (C) has a P/E ratio of about 6.55. The stock’s beta is 1.57. Besides these, the trailing price-to-sales (P/S) ratio of 0.74, the price-to-book (PB) ratio of 0.43.
The latest dividend of $0.53 per share was paid out, which is 3.92% more than last year’s $0.51. On Thursday July 20 2023, a $0.02 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.42, and the total debt-to-equity ratio was 1.42. In the year ended June 29, operating margins totaled 43.20%. Based on annual data, C earned $48.67 billion in gross profit and brought in $74.41 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 9.00%. Return on equity (ROE) for the past 12 months was 6.70%.
In Citigroup Inc.’s quarter-end financial report for June 29, it reported total debt of $274.51 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Citigroup Inc. to report $1.3 quarterly earnings, the actual figure was $1.33 per share, beating the consensus estimate by 2.30%. The value of shareholders’ equity is $1.93 billion.
Technical Picture
This quick technical analysis looks at Citigroup Inc.’s (C) price momentum. With a historical volatility rate of 14.70%, the RSI 9-day stood at 26.20% on 31 August.
With respect to its five-day moving average, the current Citigroup Inc. price is up by +0.51% percent or $0.21. At present, C shares trade -10.65% below its 20-day simple moving average and -11.24% percent below its 100-day simple moving average. However, the stock is currently trading approximately -12.91% below its SMA50 and -17.73% below its SMA200.
Stochastic coefficient K was 18.52% and Stochastic coefficient D was 17.50%, while ATR was 0.79. Given the Stochastic reading of 15.45% for the 14-day period, the RSI (14) reading has been calculated as 27.89%. As of today, the MACD Oscillator reading stands at 0.11, while the 14-day reading stands at -0.46.
Analyst Ratings
Odeon upgraded its rating on Citigroup Inc. (NYSE: C) to a Buy in a note to investors on July 18, 2023. The analysts firm previously had a Hold rating on the stock.Citigroup Inc. (C) has been rated Overweight by analysts. According to 1 brokerage firm, C is a sell, and 16 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Citigroup Inc. stock as buy, with 10 recommending it as overweight.
With a median target price of $50.00, the current consensus forecast for the stock is $45.00 – $95.00. Based on these forecasts, analysts predict Citigroup Inc. (C) will achieve an average price target of $54.78.
