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Lloyds Banking Group plc (NYSE: LYG) Slashes -1.82%: The Most Likely Path Going Forward

Lloyds Banking Group plc (NYSE:LYG) shares, rose in value on Friday, August 05, with the stock price down by -1.82% to the previous day’s close as strong demand from buyers drove the stock to $2.16.

Actively observing the price movement in the recent trading, the stock is buoying the session at $2.20, falling within a range of $2.19 and $2.22. The value of beta (5-year monthly) is 1.26 whereas the PE ratio is 7.48 over 12-month period. Referring to stock’s 52-week performance, its high was $3.00, and the low was $1.90. On the whole, LYG has fluctuated by 11.11% over the past month.

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The company’s Forward Dividend Ratio is 0.10, with its dividend yield at 4.73%.

Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that LYG’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Sell while long term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of LYG currently trading nearly 3.10% and 1.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.17, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 2.14%. Furthermore, Lloyds Banking Group plc (LYG)’s beta value is 1.29, and its average true range (ATR) is 0.06. The company’s stock has been forecasted to trade at an average price of $2.93 over the course of the next 52 weeks, with a low of $2.17 and a high of $3.75. Based on these price targets, the low is -0.46% off current price, whereas the price has to move -73.61% to reach the yearly target high. Additionally, analysts’ median price of $2.92 is likely to be welcomed by investors because it represents a decrease of -35.19% from the current levels.

A comparison of Lloyds Banking Group plc (LYG) with its peers suggests the former has fared considerably weaker in the market. LYG showed an intraday change of -1.82% in today’s session so far, and over the past year, it shrunk by -15.06%%. On the other hand, the price of Banco Santander S.A. (SAN) has risen 2.02% today. The stock, however, is off -33.33% from where it was a year ago. Additionally, there is a loss of -0.66% for Royal Bank of Canada (RY) in recent trading while the stock has seen an overall depriciation of -2.92%% over the past year. The PE ratio stands at 7.48 for Lloyds Banking Group plc, and 4.61 for Banco Santander S.A. Other than that, the overall performance of the S&P 500 during the today’s session so far shows that it lost -0.27%. Meanwhile, the Dow Jones Industrial Slipped by -0.08%.

Data on historical trading for Lloyds Banking Group plc (NYSE:LYG) indicates that the trading volumes over the past 10 days have averaged 10.79 million and over the past 3 months, they’ve averaged 13.25 million. According to company’s latest data on outstanding shares, there are 17.55 billion shares outstanding.

Nearly 81.30% of Lloyds Banking Group plc’s shares belong to company insiders and institutional investors own 1.80% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.43 million shares as on Jul 14, 2022, resulting in a short ratio of 0.75. According to the data, the short interest in Lloyds Banking Group plc (LYG) stood at 0.06% of shares outstanding as of Jul 14, 2022; the number of short shares registered in Jun 14, 2022 reached 4.29 million. The stock has fallen by -13.73% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the LYG stock heading into the next quarter.

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