T. Rowe Price Group Inc (NASDAQ:TROW) shares, rose in value on Friday, January 03, with the stock price up by 1.11% to the previous day’s close as strong demand from buyers drove the stock to $114.69.
Actively observing the price movement in the last trading, the stock closed the session at $113.43, falling within a range of $113.18 and $114.86. The value of beta (5-year monthly) was 1.423 whereas the PE ratio was 12.56 over 12-month period. Referring to stock’s 52-week performance, its high was $125.81, and the low was $100.49. On the whole, TROW has fluctuated by -7.08% over the past month.
With the market capitalization of T. Rowe Price Group Inc currently standing at about $25.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 4.96, with its dividend yield at 4.32%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.2B, with a low estimate of 1.87B and a high estimate of 1.91B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.89B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TROW’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.70, with the price of TROW currently trading nearly -2.72% and -2.57% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.05, while the 7-day volatility ratio is showing 1.71% which for the 30-day chart, stands at 1.79%. Furthermore, T. Rowe Price Group Inc (TROW)’s beta value is 1.46, and its average true range (ATR) is 2.24.
A comparison of T. Rowe Price Group Inc (TROW) with its peers suggests the former has fared considerably weaker in the market. TROW showed an intraday change of 1.11% in last session, and over the past year, it grew by 7.90%%.
Data on historical trading for T. Rowe Price Group Inc (NASDAQ:TROW) indicates that the trading volumes over the past 10 days have averaged 1.39 and over the past 3 months, they’ve averaged 1.33 million. According to company’s latest data on outstanding shares, there are 222.14 million shares outstanding.
Nearly 2.28% of T. Rowe Price Group Inc’s shares belong to company insiders and institutional investors own 76.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.96 million shares as on 2024-12-13, resulting in a short ratio of 8.94. According to the data, the short interest in T. Rowe Price Group Inc (TROW) stood at 624.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 10.04 million. The stock has risen by 1.41% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TROW stock heading into the next quarter.
