Citigroup Inc (NYSE: C) Posted 34.27% Gain This Year: What’s Next?

The trading price of Citigroup Inc (NYSE:C) floating lower at last check on Monday, July 15, closing at $64.02, -0.77% lower than its previous close.

The company’s P/E ratio in the trailing 12-month period was 17.87. In examining the 52-week price action we see that the stock hit a 52-week high of $66.99 and a 52-week low of $38.17. Over the past month, the stock has gained 6.68% in value.

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Citigroup Inc, whose market valuation is $122.11 billion at the time of this writing. The dividend yield on the company stock is 3.31%, while its Forward Dividend ratio is 2.12. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.43 per share this quarter, however they have predicted annual earnings per share of 5.71 for current year and 7.18 for next year.

Analysts have forecast the company to bring in revenue of 19.96B for the current quarter, with the likely lows of 19.7B and highs of 20.23B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 80.65B.

On the technical side, indicators suggest C has a 100% Buy 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% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 1.79, which symbolizes a positive outlook. A quick review shows that C’s price is currently 2.00% off the SMA20 and 2.28% off the SMA50. The RSI metric on the 14-day chart is currently showing 53.66, and weekly volatility stands at 2.48%. When measured over the past 30 days, the indicator reaches 2.11%. Citigroup Inc (NYSE:C)’s beta value is currently sitting at 1.45, while the Average True Range indicator is currently displaying 1.41.

To see how Citigroup Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: C stock’s performance was -0.77% at last check in today’s session, and 34.27% in the past year. Citigroup Inc has a P/E ratio of 17.87.

An evaluation of the daily trading volume of Citigroup Inc (NYSE:C) indicates that the 3-month average is 12.49 million.

Currently, records show that 1.90 billion of the company’s shares remain outstanding. The insiders hold 0.31% of outstanding shares, whereas institutions hold 75.46%. However, since the stock’s price has seen 24.46% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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