Huntington Bancshares, Inc (NASDAQ:HBAN) shares, rose in value on Friday, November 22, with the stock price up by 1.25% to the previous day’s close as strong demand from buyers drove the stock to $17.84.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.62, falling within a range of $17.58 and $17.945. The value of beta (5-year monthly) is 1.057 whereas the PE ratio is 17.32 over 12-month period. Referring to stock’s 52-week performance, its high was $17.97, and the low was $10.73. On the whole, HBAN has fluctuated by 14.65% over the past month.
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With the market capitalization of Huntington Bancshares, Inc currently standing at about $25.92 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 3.48%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBAN’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 PEG ratio is about 4.19, with the price of HBAN currently trading nearly 5.64% and 13.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 70.59, while the 7-day volatility ratio is showing 1.84% which for the 30-day chart, stands at 2.10%. Furthermore, Huntington Bancshares, Inc (HBAN)’s beta value is 1.07, and its average true range (ATR) is 0.39.
A comparison of Huntington Bancshares, Inc (HBAN) with its peers suggests the former has fared considerably weaker in the market. HBAN showed an intraday change of 1.25% in today’s session so far, and over the past year, it grew by 64.12%%.
Data on historical trading for Huntington Bancshares, Inc (NASDAQ:HBAN) indicates that the trading volumes over the past 10 days have averaged 14.46 and over the past 3 months, they’ve averaged 13.64 million. According to company’s latest data on outstanding shares, there are 1.45 billion shares outstanding.
Nearly 1.30% of Huntington Bancshares, Inc’s shares belong to company insiders and institutional investors own 84.88% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 29.65 million shares as on 2024-10-31, resulting in a short ratio of 2.32. According to the data, the short interest in Huntington Bancshares, Inc (HBAN) stood at 233.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 27.87 million. The stock has risen by 40.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBAN stock heading into the next quarter.
