Royal Bank Of Canada (NYSE:RY) shares, rose in value on Friday, March 28, with the stock price down by -2.24% to the previous day’s close as strong demand from buyers drove the stock to $112.14.
Actively observing the price movement in the last trading, the stock closed the session at $114.71, falling within a range of $111.98 and $114.86. The value of beta (5-year monthly) was 0.837 whereas the PE ratio was 12.60 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 -2.66% over the past month.
With the market capitalization of Royal Bank Of Canada currently standing at about $158.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-26. The company’s Forward Dividend Ratio is 4.09, with its dividend yield at 3.64%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 64.65B, with a low estimate of 15.53B and a high estimate of 16.13B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 15.74B.
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 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% 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 7.16, with the price of RY currently trading nearly -1.25% and -4.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 42.01, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 1.99%. Furthermore, Royal Bank Of Canada (RY)’s beta value is 0.81, and its average true range (ATR) is 2.23.
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 -2.24% in last session, and over the past year, it grew by 13.10%%.
Data on historical trading for Royal Bank Of Canada (NYSE:RY) indicates that the trading volumes over the past 10 days have averaged 0.81 and over the past 3 months, they’ve averaged 1.19 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 46.35% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.98 million shares as on 2025-03-14, resulting in a short ratio of 5.49. The stock has fallen by -6.95% 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.
