Citigroup Inc (NYSE:C) finished Thursday with an addition of $0.74 to close at $41.20, an upside of 1.83 percent. An average of 15,517,979 shares of common stock have been traded in the last five days. There was a fall of -$0.51 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 15,970,595 shares traded, while the 50-day average volume stands at 15,981,070.
C stock has decreased by -1.25% in the last month. The company shares reached their 1-month lowest point of $39.94 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $39.94 and a high of $53.23 in 52 weeks. It has reached a new high 12 times so far this year and lost -8.91% or -$4.03 in price. In spite of this, the price is down -22.60% 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 164 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 6.54. The stock’s beta is 1.54. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.59, the price-to-book (PB) ratio at 0.42, and the price-to-cash flow ratio at 4.21.
The company has a payout ratio of 29.16%. 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 1.33 and a total debt to equity ratio of 2.77 for the quarter ending June 29. Its gross profit as reported stood at $48.67 billion compared to revenue of $74.41 billion.
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 28 September was 45.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.50%.
As of today, C’s price is $40.76 -1.22% or -$0.51 from its 5-day moving average. C is currently trading -0.41% lower than its 20-day SMA and -11.05% lower than its 100-day SMA. However, the stock’s current price level is -13.30% below the SMA50 and -8.16% below the SMA200.
The stochastic %K and %D were 18.56% and 16.36%, respectively, and the average true range (ATR) was 0.78. With the 14-day stochastic at 36.05% and the average true range at 0.79, the RSI (14) stands at 43.51%. The stock has reached -0.83 on the 9-day MACD Oscillator while the 14-day reading was at -1.06.
Analyst Ratings
HSBC Securities launched coverage on Citigroup Inc (NYSE: C) in its analyst report released on September 07, 2023. The firm assigned the stock a Hold rating. 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 $43.00 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 $53.76.
