Deutsche Bank Aktiengesellschaft (NYSE:DB) price is hovering higher on Wednesday, September 15, jumping 0.93% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $12.85, with intraday deals fluctuating between $12.83 and $13.20. The company’s 5Y monthly beta was ticking 1.42 while its P/E ratio in the trailing 12-month period read 12.52. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.34 and 52-week low of $7.84. The stock subtracted -0.85% on its value in the past month.
Deutsche Bank Aktiengesellschaft, which has a market valuation of $26.75 billion. Analysts tracking DB have forecast the quarterly EPS to grow by 0.11 per share this quarter, while the same analysts predict the annual EPS to hit $1.28 for the year 2021 and up to $1.52 for 2022. In this case, analysts estimate an annual EPS growth of 62.00% for the year and 18.80% for the next year.
Staying with the analyst view, there is a consensus estimate of $28.88 billion for the company’s annual revenue in 2021. Per this projection, the revenue is forecast to grow 1.70% above that which the company brought in 2021.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give DB a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 23 analysts have assigned DB a recommendation rating as follows: 15 rate it as a Hold; 1 advise Buy while 0 analyst(s) assign an Overweight rating. 3 analyst(s) have tagged the Deutsche Bank Aktiengesellschaft (DB) stock as Underweight, with 4 recommending Sell. In general, analysts have rated the stock Hold, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 12.40. The overview shows that DB’s price is at present 3.45% off the SMA20 and 3.79% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.67, with weekly volatility standing at 2.07%. The indicator jumps to 1.57% when calculated based on the past 30 days. Deutsche Bank Aktiengesellschaft (NYSE:DB)’s beta value is holding at 1.45, while the average true range (ATR) indicator is currently reading 0.25. Considering analysts have assigned the stock a price target range of $9.41-$18.88 as the low and high respectively, we find the trailing 12-month average consensus price target to be $13.18. Based on this estimate, we see that today’s price at last check is roughly 27.45% off the estimated low and -45.57% off the forecast high. Investors will no doubt be excited to see the share price rise to $12.89, which is the median consensus price, and at that level DB would be 0.62% from recent price.
Turning out attention to how the Deutsche Bank Aktiengesellschaft stock has performed in comparison to its peers in the industry, here’s what we find: DB’s stock is 0.93% on the day and 37.58% in the past 12 months, while Credit Suisse Group AG (CS) traded -1.83% in the latest session and is positioned -5.94% down on its price 12 months ago. Another comparison is with Banco Santander S.A. (SAN) whose stock price is up 0.41% in the current trading session, and has flourished 79.26% over the past year. Also, JPMorgan Chase & Co. (JPM) is currently showing up trend of 0.13% while its price kept floating at 53.28% over the past year. As for Deutsche Bank Aktiengesellschaft, the P/E ratio stands at 12.52 lower than that of Credit Suisse Group AG’s at 138.80 and Banco Santander S.A.’s 9.33. Elsewhere in the market, the S&P 500 Index has rallied 0.32% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.32%.
An analysis of the Deutsche Bank Aktiengesellschaft (NYSE:DB) stock in terms of its daily trading volume indicates that the 3-month average is 3.27 million. However, this figure increases on the past 10-day timeline to an average of 3.9 million.
Current records show that the company has 2.10B in outstanding shares. The insiders’ percentage holdings are 2.70% of outstanding shares while the percentage share held by institutions stands at 34.19%. The stats also highlight that short interest as of May 27, 2021, stood at 13.08 million shares, which puts the short ratio at the time at 2.78. From this we can glean that short interest is 0.63% of company’s current outstanding shares. Notably, we see that shares short in May fall slightly given the previous month’s figure stood at 20.91 million. But the 17.89% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.