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Is The Charles Schwab Corporation (NYSE: SCHW) Doomed To Fail?

The trading price of The Charles Schwab Corporation (NYSE:SCHW) closed higher on Tuesday, May 23, closing at $52.79, 1.58% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it fluctuated between $52.16 and $53.345. The company’s P/E ratio in the trailing 12-month period was 14.40, while its 5Y monthly beta was 0.88. In examining the 52-week price action we see that the stock hit a 52-week high of $86.63 and a 52-week low of $45.00. Over the past month, the stock has lost -0.62% in value.

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The Charles Schwab Corporation, whose market valuation is $96.23 billion at the time of this writing, is expected to release its quarterly earnings report Jul 17, 2023 – Jul 21, 2023. The dividend yield on the company stock is 1.89%, while its Forward Dividend ratio is 1.00. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.77 per share this quarter, however they have predicted annual earnings per share of $3.31 for 2023 and $4.18 for 2024. It means analysts are expecting annual earnings per share growth of -15.10% this year and 26.30% next year.

Analysts have forecast the company to bring in revenue of $4.77 billion for the current quarter, with the likely lows of $4.68 billion and highs of $4.96 billion. The average estimate suggests sales will likely down by -6.40% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2023 is $19.59 billion. The company’s revenue is forecast to drop by -5.70% over what it did in 2023.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of The Charles Schwab Corporation 1 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest SCHW has a 50% 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 50% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.47, which symbolizes a positive outlook. A quick review shows that SCHW’s price is currently 5.56% off the SMA20 and 1.13% off the SMA50. The RSI metric on the 14-day chart is currently showing 55.13, and weekly volatility stands at 2.52%. When measured over the past 30 days, the indicator reaches 3.36%. The Charles Schwab Corporation (NYSE:SCHW)’s beta value is currently sitting at 0.88, while the Average True Range indicator is currently displaying 1.86.

To see how The Charles Schwab Corporation stock has been performing in comparison to its peers in the industry, here are the numbers: SCHW stock’s performance was 1.58% in the latest trading, and -16.58% in the past year, while Blackstone Inc. (BX) has traded -1.51% on the day and positioned -21.84% lower than it was a year ago. Another comparable company Morgan Stanley (MS) saw its stock close 0.45% higher in the most recent trading session but was up 4.12% in a year. Furthermore, BlackRock Inc. (BLK) showed a decrease of -1.47% on the day while its price kept inclining at 10.17% over the past year. The Charles Schwab Corporation has a P/E ratio of 14.40, compared to Blackstone Inc.’s 101.25 and Morgan Stanley’s 14.19. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.

An evaluation of the daily trading volume of The Charles Schwab Corporation (NYSE:SCHW) indicates that the 3-month average is 28.95 million. However, this figure has increased over the past 10 days to an average of 14.66 million.

Currently, records show that 1.83 billion of the company’s shares remain outstanding. The insiders hold 6.34% of outstanding shares, whereas institutions hold 88.50%. The stats also highlight that short interest as of Apr 27, 2023, stood at 30.92 million shares, resulting in a short ratio of 1.16 at that time. From this, we can conclude that short interest is 1.70% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 25.05 million. However, since the stock’s price has seen -36.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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