Royal Bank Of Canada (NYSE:RY) shares, rose in value on Friday, March 07, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $115.07.
Actively observing the price movement in the last trading, the stock closed the session at $114.24. The PE ratio was 12.93 over 12-month period. Referring to stock’s 52-week performance, its high was $128.05, and the low was $95.84. On the whole, RY has fluctuated by -3.36% over the past month.
With the market capitalization of Royal Bank Of Canada currently standing at about $162.54 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 4.10, with its dividend yield at 3.56%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that RY’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 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 7.88, with the price of RY currently trading nearly -2.36% and -3.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.59, while the 7-day volatility ratio is showing 2.53% which for the 30-day chart, stands at 1.83%. Furthermore, Royal Bank Of Canada (RY)’s beta value is 0.81, and its average true range (ATR) is 2.43.
A comparison of Royal Bank Of Canada (RY) with its peers suggests the former has fared considerably weaker in the market. RY showed an intraday change of 0.73% in last session, and over the past year, it grew by 17.47%%.
Data on historical trading for Royal Bank Of Canada (NYSE:RY) indicates that the trading volumes over the past 3 months, they’ve averaged 1.14 million. According to company’s latest data on outstanding shares, there are 1.41 billion shares outstanding.
Nearly 0.02% of Royal Bank Of Canada’s shares belong to company insiders and institutional investors own 46.36% of the company’s shares. The stock has fallen by -4.51% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the RY stock heading into the next quarter.
