Truist Financial Corporation (NYSE:TFC) shares, rose in value, with the stock price down by -0.12% to the previous day’s close as strong demand from buyers drove the stock to $39.55.
Actively observing the price movement in the recent trading, the stock is buoying the session at $39.60. The PE ratio was 11.66 over 12-month period. Referring to stock’s 52-week performance, its high was $49.06, and the low was $33.56. On the whole, TFC has fluctuated by 3.16% over the past month.
With the market capitalization of Truist Financial Corporation currently standing at about $51.80 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.08, with its dividend yield at 5.26%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 20.49B, with a low estimate of 5B and a high estimate of 5.08B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.04B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TFC’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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.87, with the price of TFC currently trading nearly -1.10% and 1.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.76, while the 7-day volatility ratio is showing 1.56% which for the 30-day chart, stands at 1.89%. Furthermore, Truist Financial Corporation (TFC)’s beta value is 0.82, and its average true range (ATR) is 0.97.
A comparison of Truist Financial Corporation (TFC) with its peers suggests the former has fared considerably weaker in the market. TFC showed an intraday change of -0.12% in today’s session so far, and over the past year, it grew by 4.78%%.
Data on historical trading for Truist Financial Corporation (NYSE:TFC) indicates that the trading volumes over the past 3 months, they’ve averaged 10.39 million. According to company’s latest data on outstanding shares, there are 1.31 billion shares outstanding.
Nearly 0.19% of Truist Financial Corporation’s shares belong to company insiders and institutional investors own 75.14% of the company’s shares. The stock has fallen by -8.82% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TFC stock heading into the next quarter.
