Deutsche Bank AG (NYSE:DB) finished Friday with an addition of $0.05 to close at $10.99, an upside of 0.46 percent. An average of 2,621,320 shares of common stock have been traded in the last five days. There was a gain of $0.27 in the past week, and it reached a new high 35 times over the past 12 months. The last 20 days have seen an average of 2,083,150 shares traded, while the 50-day average volume stands at 2,071,328.
DB stock has decreased by -1.43% in the last month. The company shares reached their 1-month lowest point of $10.21 on 09/06/23. With the stock rallying to its 52-week high on 02/01/23, shares of the company touched a low of $7.24 and a high of $13.57 in 52 weeks. It has reached a new high 11 times so far this year and lost -4.60% or -$0.53 in price. In spite of this, the price is down -19.01% from the 52-week high.
Valuation Metrics
Deutsche Bank AG (DB) has a trailing price-to-earnings (P/E) ratio of 4.39. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.44, the price-to-book (PB) ratio at 0.33.
The company has a payout ratio of 12.40%. The company’s most recent quarterly dividend payment was $0.3237 a share, representing a up of 119.76% from $0.1473 last year. Its latest increase dividend $0.1765 reported on Friday February 3 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 2.10 and a total debt to equity ratio of 2.26 for the quarter ending June 29. Its gross profit as reported stood at $14.73 billion compared to revenue of $25.76 billion.
Earnings Surprise
The analyst consensus anticipated Deutsche Bank AG’s latest quarter earnings to come in at $0.63 per share, but it turned out to be $0.57, a -9.50% surprise. At the end of the quarter ending June 29, Deutsche Bank AG’s stock balance sheet showed total debt was $454.68 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Deutsche Bank AG (DB) price momentum. RSI 9-day as of the close on 29 September was 63.49%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.62%.
As of today, DB’s price is $10.82 +2.52% or $0.27 from its 5-day moving average. DB is currently trading +0.92% higher than its 20-day SMA and +3.19% higher than its 100-day SMA. However, the stock’s current price level is -2.57% below the SMA50 and +3.58% above the SMA200.
The stochastic %K and %D were 81.87% and 71.60%, respectively, and the average true range (ATR) was 0.19. With the 14-day stochastic at 80.95% and the average true range at 0.19, the RSI (14) stands at 58.05%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at 0.15.
Analyst Ratings
The consensus rating for Deutsche Bank AG (DB) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell DB, while 10 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 others rate it as a “buy”.
What is DB’s price target for the next 12 months?
Analysts predict a range of price targets between $10.77 and $21.24, with a median target of $13.86. Taking a look at these predictions, the average price target given by analysts for Deutsche Bank AG (DB) stock is $14.63.
