Deutsche Bank AG (NYSE:DB) shares, rose in value, with the stock price down by -0.02% to the previous day’s close as strong demand from buyers drove the stock to $26.67.
Actively observing the price movement in the recent trading, the stock is buoying the session at $26.67. The PE ratio was 11.26 over 12-month period. Referring to stock’s 52-week performance, its high was $27.25, and the low was $13.70. On the whole, DB has fluctuated by 34.33% over the past month.
With the market capitalization of Deutsche Bank AG currently standing at about $51.78 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.49, with its dividend yield at 1.83%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 31.63B, with a low estimate of 7.68B and a high estimate of 7.89B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 7.8B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that DB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 PEG ratio is about 0.85, with the price of DB currently trading nearly 6.72% and 11.44% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.98, while the 7-day volatility ratio is showing 1.12% which for the 30-day chart, stands at 2.57%. Furthermore, Deutsche Bank AG (DB)’s beta value is 0.99, and its average true range (ATR) is 0.69.
A comparison of Deutsche Bank AG (DB) with its peers suggests the former has fared considerably weaker in the market. DB showed an intraday change of -0.02% in today’s session so far, and over the past year, it grew by 57.78%%.
Data on historical trading for Deutsche Bank AG (NYSE:DB) indicates that the trading volumes over the past 3 months, they’ve averaged 4.35 million. According to company’s latest data on outstanding shares, there are 1.94 billion shares outstanding.
Nearly 7.04% of Deutsche Bank AG’s shares belong to company insiders and institutional investors own 39.45% of the company’s shares. The stock has risen by 56.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the DB stock heading into the next quarter.
