Keycorp (NYSE:KEY) shares, rose in value, with the stock price down by -0.83% to the previous day’s close as strong demand from buyers drove the stock to $16.12.
Actively observing the price movement in the recent trading, the stock is buoying the session at $16.26. 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 -10.17% over the past month.
With the market capitalization of Keycorp currently standing at about $17.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 1.02, with its dividend yield at 6.36%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.38B, 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 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of KEY currently trading nearly -6.35% and -7.19% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.85, while the 7-day volatility ratio is showing 4.10% which for the 30-day chart, stands at 2.88%. Furthermore, Keycorp (KEY)’s beta value is 1.05, and its average true range (ATR) is 0.55.
A comparison of Keycorp (KEY) with its peers suggests the former has fared considerably weaker in the market. KEY showed an intraday change of -0.83% in today’s session so far, and over the past year, it grew by 10.60%%. On the other hand, the price of Wells Fargo & Co. (WFC) has risen 1.17%% today. The stock, however, is off 30.11% from where it was a year ago. Additionally, there is a gain of 0.84%% for Citigroup Inc. (C) in recent trading while the stock has seen an overall depriciation of 26.40%% over the past year.
Data on historical trading for Keycorp (NYSE:KEY) indicates that the trading volumes over the past 3 months, they’ve averaged 11.94 million. According to company’s latest data on outstanding shares, there are 1.11 billion shares outstanding.
Nearly 0.37% of Keycorp’s shares belong to company insiders and institutional investors own 85.28% of the company’s shares. The stock has fallen by -5.92% 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.
