Charles Schwab Corp. (NYSE:SCHW) finished Thursday with an addition of $0.17 to close at $54.55, an upside of 0.31 percent. An average of 7,373,300 shares of common stock have been traded in the last five days. There was a fall of -$1.46 in the past week, and it reached a new high 18 times over the past 12 months. The last 20 days have seen an average of 8,975,305 shares traded, while the 50-day average volume stands at 8,605,714.
SCHW stock has decreased by -8.24% in the last month. The company shares reached their 1-month lowest point of $53.53 on 09/26/23. With the stock rallying to its 52-week high on 01/09/23, shares of the company touched a low of $45.00 and a high of $86.63 in 52 weeks. It has reached a new high 3 times so far this year and lost -34.48% or -$28.71 in price. In spite of this, the price is down -37.03% from the 52-week high.
Insider Transactions
SCHW stock investors should be aware that Charles Schwab Corp. (SCHW) stock had its last reported insider trading activity 11 days ago on Sep 18. In this transaction, the insider spent $217,306. MD, General Counsel, Morgan Peter J. III, disposed of 8,000 shares at a price of $59.61 on Aug 29. The insider now owns more than $476,872 worth of shares. Prior to that, Co-Chairman Schwab Charles R. went on to Sale 75,760 shares at $66.60 each on Jul 26. An amount of $5,045,821 was transacted.
Valuation Metrics
Charles Schwab Corp. (SCHW) has a trailing price-to-earnings (P/E) ratio of 15.85. The stock’s beta is 0.93. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.85, the price-to-book (PB) ratio at 3.45.
The company has a payout ratio of 23.98%. The company’s most recent quarterly dividend payment was $0.25 a share, without any change from last year. Its latest increase dividend $0.03 reported on Thursday January 26 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.71 and a total debt to equity ratio of 1.92 for the quarter ending June 29. Its gross profit as reported stood at $10.36 billion compared to revenue of $20.76 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, Charles Schwab Corp.’s return on assets was 1.20%.
Earnings Surprise
For the three-month period that ended June 29, Charles Schwab Corp. had $22.48 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $1.17 billion in the quarter, while revenues of $1.53 billion were shrunk -40.84%. The analyst consensus anticipated Charles Schwab Corp.’s latest quarter earnings to come in at $0.71 per share, but it turned out to be $0.75, a 5.60% surprise. For the quarter, EBITDA amounted to $2.48 billion. At the end of the quarter ending June 29, Charles Schwab Corp.’s stock balance sheet showed total debt was $75.92 billion. Shareholders own equity worth $1.77 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Charles Schwab Corp. (SCHW) price momentum. RSI 9-day as of the close on 28 September was 29.32%, suggesting the stock is oversold, with historical volatility in this time frame at 13.41%.
As of today, SCHW’s price is $54.73 -2.61% or -$1.46 from its 5-day moving average. SCHW is currently trading -8.75% lower than its 20-day SMA and +10.78% higher than its 100-day SMA. However, the stock’s current price level is -17.40% below the SMA50 and -31.66% below the SMA200.
The stochastic %K and %D were 11.11% and 9.62%, respectively, and the average true range (ATR) was 1.35. With the 14-day stochastic at 13.39% and the average true range at 1.40, the RSI (14) stands at 33.49%. The stock has reached -1.39 on the 9-day MACD Oscillator while the 14-day reading was at -2.69.
Analyst Ratings
UBS reiterated its a Buy rating on Charles Schwab Corp. (NYSE: SCHW), but raised their price target to $67, indicating a potential price increase of 18.58% for the stock. The consensus rating for Charles Schwab Corp. (SCHW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SCHW, while 3 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 14 others rate it as a “buy”.
What is SCHW’s price target for the next 12 months?
Analysts predict a range of price targets between $55.00 and $95.00, with a median target of $74.00. Taking a look at these predictions, the average price target given by analysts for Charles Schwab Corp. (SCHW) stock is $73.06.
