Barclays plc ADR (NYSE:BCS) Stock Is up 94.69% From Its Low, This Stock Is Just Warming Up

The trading price of Barclays plc ADR (NYSE:BCS) floating higher at last check on current market day and closing at $12.13, 0.49% higher than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $12.08 and $12.165. The company’s P/E ratio in the trailing 12-month period was 9.04, while its 5Y monthly beta was 1.363. In examining the 52-week price action we see that the stock hit a 52-week high of $12.49 and a 52-week low of $6.23. Over the past month, the stock has gained 5.01% in value.

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Barclays plc ADR, whose market valuation is $44.07 billion at the time of this writing, is expected to release its quarterly earnings report on 2024-Aug-01. The dividend yield on the company stock is 3.47%, while its Forward Dividend ratio is 0.42. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.43 per share this quarter, however they have predicted annual earnings per share of 1.73 for current year and 0.98 for next year.

From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 32.82B.

On the technical side, indicators suggest BCS 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.

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 BCS a recommendation rating is 5. Out of them, 0 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Barclays plc ADR (BCS) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.84, which symbolizes a positive outlook. A quick review shows that BCS’s price is currently 1.68% off the SMA20 and 3.08% off the SMA50. The RSI metric on the 14-day chart is currently showing 54.01, and weekly volatility stands at 1.79%. When measured over the past 30 days, the indicator reaches 1.87%. Barclays plc ADR (NYSE:BCS)’s beta value is currently sitting at 1.42, while the Average True Range indicator is currently displaying 0.27.

To see how Barclays plc ADR stock has been performing today in comparison to its peers in the industry, here are the numbers: BCS stock’s performance was 0.49% at last check in today’s session, and 61.07% in the past year. Barclays plc ADR has a P/E ratio of 9.04.

An evaluation of the daily trading volume of Barclays plc ADR (NYSE:BCS) indicates that the 3-month average is 13.96 million. However, this figure has increased over the past 10 days to an average of 10.07.

Currently, records show that 3.78 billion of the company’s shares remain outstanding. The insiders hold 5.36% of outstanding shares, whereas institutions hold 5.27%. The stats also highlight that short interest as of 2024-09-13, stood at 7.09 million shares, resulting in a short ratio of 0.43 at that time. It is noteworthy that short shares in September were up slightly from the previous month’s figure, which was 3.92 million. However, since the stock’s price has seen 53.92% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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