Truist Financial Corporation (NYSE:TFC) shares, rose in value on Friday, November 01, with the stock price up by 0.49% to the previous day’s close as strong demand from buyers drove the stock to $43.26.
Actively observing the price movement in the recent trading, the stock is buoying the session at $43.05, falling within a range of $43.02 and $43.63. The value of beta (5-year monthly) is 1.038. Referring to stock’s 52-week performance, its high was $45.31, and the low was $28.13. On the whole, TFC has fluctuated by 4.27% over the past month.
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With the market capitalization of Truist Financial Corporation currently standing at about $57.93 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Jan-17. The company’s Forward Dividend Ratio is 2.08, with its dividend yield at 4.81%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.09B, with a low estimate of 4.97B and a high estimate of 5.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.05B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TFC’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of TFC currently trading nearly 0.32% and 1.00% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.41, while the 7-day volatility ratio is showing 1.93% which for the 30-day chart, stands at 1.96%. Furthermore, Truist Financial Corporation (TFC)’s beta value is 1.03, and its average true range (ATR) is 0.90.
A comparison of Truist Financial Corporation (TFC) with its peers suggests the former has fared considerably weaker in the market. TFC showed an intraday change of 0.49% in today’s session so far, and over the past year, it grew by 51.84%%.
Data on historical trading for Truist Financial Corporation (NYSE:TFC) indicates that the trading volumes over the past 10 days have averaged 6.73 and over the past 3 months, they’ve averaged 7.62 million. According to company’s latest data on outstanding shares, there are 1.34 billion shares outstanding.
Nearly 0.26% of Truist Financial Corporation’s shares belong to company insiders and institutional investors own 73.60% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.54 million shares as on 2024-10-15, resulting in a short ratio of 1.86. According to the data, the short interest in Truist Financial Corporation (TFC) stood at 110.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 16.29 million. The stock has risen by 17.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TFC stock heading into the next quarter.
