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Barclays PLC’s (NYSE:BCS) Stock Is Down -1.54%, But Is It Capable Of A Rally?

Barclays PLC (NYSE:BCS) traded at $8.94 at close of the session on Tuesday, 01/24/23, made a downward move of -1.54% on its previous day’s price.

Looking at the stock we see that its previous close was $9.08 and the beta (5Y monthly) reads 1.33 with the day’s price range being $8.94 – $9.0399. The company has a trailing 12-month PE ratio of 5.89. In terms of its 52-week price range, BCS has a high of $11.62 and a low of $5.89. The company’s stock has gained about 14.91% over that past 30 days.

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Barclays PLC has a market cap of $34.68 billion. With its Forward Dividend at 0.42 and a yield of 4.74%, the company’s investors could be anxious for the BCS stock to gain ahead of the earnings release.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the BCS stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.

Based on estimates by 20 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Barclays PLC (BCS) stock as a Hold, while 11 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 6.42% off its SMA20 and 12.07% from its 50-day simple moving average. The RSI (14) is pointing at 70.78 while the volatility over the past week is 1.22% and jumps to 1.37% over the past one month. The beta value is 1.33, while the average true range (ATR) is currently pointing at 0.15.

Let’s briefly compare Barclays PLC (BCS) stock to its peers. We find that current price change of -1.54% and -17.68% over the past 12 months for BCS. Another of its peers Banco Santander S.A. (SAN) has dropped -0.60% previous session, and was -3.76% down over the past year, while Deutsche Bank Aktiengesellschaft (DB) was also up 0.31% in the last session, while its price remained in the green at 1.72% over the same period. Barclays PLC has a P/E ratio of 5.89 compared to Lloyds Banking Group plc’s 8.19 and Banco Santander S.A.’s 5.41. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -0.07% and 0.31%, respectively, at close of the trading.

Coming back to Barclays PLC (NYSE:BCS), we note that the average 3-month trading volume was 5.40 million, while that of the preceding 10-day period stands at 3.49 million. Current shares outstanding are 4.04 billion.

The insiders hold 12.00% of the company’s shares while institutions hold 3.50%. The data shows that short shares as of Oct 13, 2022, stood at 11.17 million at a short ratio of 0.91. This represents a 0.28% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 15.36 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 14.62% up in year-to-date price movement.

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