Deutsche Bank Aktiengesellschaft (NYSE:DB) price on Thursday, August 26, fall -2.01% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.43.
A look at the stock’s price movement, the level at last check in today’s session was $12.68, moving within a range at $12.565 and $12.735. The beta value (5-Year monthly) was 1.41 while the PE ratio in trailing twelve months stood at 12.52. Turning to its 52-week performance, $15.34 and $7.84 were the 52-week high and 52-week low respectively. Overall, DB moved 1.28% over the past month.
Deutsche Bank Aktiengesellschaft’s market cap currently stands at around $26.21 billion. Analysts project the company’s earnings per share (EPS) to be $0.09, which has seen fiscal year 2021 EPS growth forecast to increase to $1.08 and about $1.29 for fiscal year 2022. Per the data, EPS growth is expected to be 36.70% for 2021 and 19.40% for the next financial year.
Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $24.44 billion, representing a -13.90% decline on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that DB is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
23 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 14 analyst(s) rate the stock as a Hold, 1 recommend DB as a Buy and 0 give it an Overweight rating. Meanwhile, 3 analyst(s) rate the stock as Underweight and 5 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
The technical evaluation for the stock shows the PEG ratio is 12.39, with DB’s current price about -1.34% and -1.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.20, while 7-day volatility ratio is 1.28% and 1.68% in the 30-day chart. Further, Deutsche Bank Aktiengesellschaft (DB) has a beta value of 1.48, and an average true range (ATR) of 0.26. Analysts have given the company’s stock an average 52-week price target of $13.03, forecast between a low of $9.41 and high of $18.88. Looking at the price targets, the low is 24.3% off recent price level in today’s trading while to achieve the yearly target high, it has to move -51.89%. Nonetheless, investors will most likely welcome a -2.49% jump to $12.74 which is the analysts’ median price.
In the market, a comparison of Deutsche Bank Aktiengesellschaft (DB) and its peers suggest the former has performed considerably weaker. Data shows DB’s intraday price has changed -2.01% today and 31.54% over the past year. Comparatively, Credit Suisse Group AG (CS) has moved -1.03% so far today and only -2.36% in the past 12 months. Looking at another peer, we see that Banco Santander S.A. (SAN) price has dipped -1.84% on the day. However, the stock is 80.90% off its price today a year ago. Moreover, JPMorgan Chase & Co. (JPM) is also up 0.56% in today’s trading while keeping a an uptrend of 60.12% over the past year. If we look at the PE ratio, we find that Deutsche Bank Aktiengesellschaft’s ratio stands at 12.52 compared to Credit Suisse Group AG’s 142.93 and Banco Santander S.A.’s 9.90. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.38% and -0.17% respectively on the day as seen in early trades.
If we refocus on Deutsche Bank Aktiengesellschaft (NYSE:DB), historical trading data shows that trading volumes averaged 3.27 million over the past 3 months. The company’s latest data on shares outstanding shows there are 2.10 billion shares.
The 2.70% of Deutsche Bank Aktiengesellschaft’s shares are in the hands of company insiders while institutional holders own 34.19% of the company’s shares. Current price change has pushed the stock 16.33% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DB stock continues to rise going into the next quarter.