Citigroup Inc (NYSE:C) saw an upside of 0.24% to close Monday at $41.02 after adding $0.1 on the day. The 5-day average trading volume is 12,171,420 shares of the company’s common stock. It has gained $43.13 in the past week and touched a new high 2 times within the past 5 days. An average of 15,683,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,135,474.
C’s 1-month performance is -0.15% or -$0.22 on its low of $40.28 reached on 09/08/23. The company’s shares have touched a 52-week low of $40.01 and high of $53.23, with the stock’s rally to the 52-week high happening on 02/02/23. YTD, C has lost -9.31% or -$4.21 and has reached a new high 12 times. However, the current price is down -22.94% from the 52-week high price.
Insider Transactions
C stock investors last saw insider trading activity on Apr 18.Turek Zdenek (Chief Risk Officer) most recently sold 12,000 shares at $49.87 per share on Apr 18. This transaction cost the insider $598,440. Head of Human Resources, Wechter Sara, sold 2,950 shares at a price of $50.77 on Feb 21. Then, on Feb 17, CEO, Legacy Franchises COLE TITILOPE sold 11,903 shares at a price of $51.10 per share. This transaction amounted to $608,303.
Valuation Metrics
C stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.59 while the price-to-book (PB) in the most recent quarter is 0.42, with the price to cash flow ratio at 4.19.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.33, while the total debt to equity was 2.77. The firm’s gross profit as reported stood at $48.67 billion against revenue of $74.41 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected C to announce $1.3 per share in earnings in its latest quarter, but it posted $1.33, representing a 2.30% surprise. Shareholders hold equity totaling $1.93 billion.
Let’s look briefly at Citigroup Inc (C) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 36.29% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.16%.
The stock’s 5-day moving average is $41.73, reflecting a -3.80% or -$1.62 change from its current price. C is currently trading -0.53% above its 20-day SMA, -10.83% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.34% and SMA200 by-8.80%.
Stochastic %K and %D was 29.69% and 44.90% and the average true range (ATR) pointed at 0.74. The RSI (14) points at 37.89%, while the 14-day stochastic is at 23.45% with the period’s ATR at 0.77. The stock’s 9-day MACD Oscillator is pointing at -0.95 and -0.53 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Citigroup Inc (NYSE: C), HSBC Securities launched coverage with a Hold rating. Analysts offering their rating for C stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate C as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is C’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $43.00 and a high of $95.00, with their median price target at $50.00. Looking at these predictions, the average price target given by analysts is for Citigroup Inc (C) stock is $53.93.
