Keycorp (NYSE:KEY) shares, rose in value, with the stock price up by 1.84% to the previous day’s close as strong demand from buyers drove the stock to $17.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $17.47, falling within a range of $17.39 and $17.935. The value of beta (5-year monthly) is 1.231. Referring to stock’s 52-week performance, its high was $20.04, and the low was $13.10. On the whole, KEY has fluctuated by 4.10% over the past month.
With the market capitalization of Keycorp currently standing at about $19.69 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.82, with its dividend yield at 4.61%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.37B, with a low estimate of 1.74B and a high estimate of 1.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.77B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KEY’s technical picture suggests that short-term indicators denote the stock is a Hold 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 100% Buy.
The stock’s technical analysis shows that the price of KEY currently trading nearly 2.29% and -2.03% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.15, while the 7-day volatility ratio is showing 2.45% which for the 30-day chart, stands at 2.35%. Furthermore, Keycorp (KEY)’s beta value is 1.25, and its average true range (ATR) is 0.49.
A comparison of Keycorp (KEY) with its peers suggests the former has fared considerably weaker in the market. KEY showed an intraday change of 1.84% in today’s session so far, and over the past year, it grew by 23.47%%.
Data on historical trading for Keycorp (NYSE:KEY) indicates that the trading volumes over the past 10 days have averaged 16.04 and over the past 3 months, they’ve averaged 10.43 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.39% of Keycorp’s shares belong to company insiders and institutional investors own 93.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.53 million shares as on 2024-12-31, resulting in a short ratio of 1.89. According to the data, the short interest in Keycorp (KEY) stood at 207.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 15.86 million. The stock has risen by 3.80% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KEY stock heading into the next quarter.
