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Lloyds Banking Group plc (NYSE: LYG): Finding Hidden Gems Among Volatility

The trading price of Lloyds Banking Group plc (NYSE:LYG) floating higher at last check on Wednesday, June 22, closing at $2.15, 2.87% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $2.08 and $2.1185. The company’s P/E ratio in the trailing 12-month period was 5.66, while its 5Y monthly beta was 1.37. In examining the 52-week price action we see that the stock hit a 52-week high of $3.00 and a 52-week low of $2.00. Over the past month, the stock has lost -3.24% in value.

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Lloyds Banking Group plc, whose market valuation is $36.37 billion at the time of this writing. The dividend yield on the company stock is 5.12%, while its Forward Dividend ratio is 0.11. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Lloyds Banking Group plc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest LYG has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned LYG a recommendation rating is 22. Out of them, 5 rate it a Hold, while 13 recommend Buy, whereas 2 assign an Overweight rating. 0 analyst(s) have tagged Lloyds Banking Group plc (LYG) as Underweight, while 2 advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

A quick review shows that LYG’s price is currently -1.38% off the SMA20 and -2.57% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.89, and weekly volatility stands at 2.74%. When measured over the past 30 days, the indicator reaches 2.48%. Lloyds Banking Group plc (NYSE:LYG)’s beta value is currently sitting at 1.26, while the Average True Range indicator is currently displaying 0.07.

To see how Lloyds Banking Group plc stock has been performing today in comparison to its peers in the industry, here are the numbers: LYG stock’s performance was 2.87% at last check in today’s session, and -18.99% in the past year. Another comparable company Banco Santander S.A. (SAN) saw its stock trading 2.07% higher in today’s session but was down -26.77% in a year. Furthermore, Royal Bank of Canada (RY) showed a decrease of -0.81% today while its price kept declining at -4.27% over the past year. Lloyds Banking Group plc has a P/E ratio of 5.66. Also during today’s trading, the S&P 500 Index has surged 0.23%, while the Dow Jones Industrial also saw a positive session, up 0.04% today.

An evaluation of the daily trading volume of Lloyds Banking Group plc (NYSE:LYG) indicates that the 3-month average is 12.78 million.

Currently, records show that 17.40 billion of the company’s shares remain outstanding. The insiders hold 81.30% of outstanding shares, whereas institutions hold 1.80%. However, since the stock’s price has seen -18.04% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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