Charles Schwab Corp. (NYSE:SCHW) shares, rose in value on Thursday, March 14, with the stock price down by -0.98% to the previous day’s close as strong demand from buyers drove the stock to $66.47.
Actively observing the price movement in the recent trading, the stock is buoying the session at $67.13. The value of beta (5-year monthly) is 1.00 whereas the PE ratio is 26.19 over 12-month period. Referring to stock’s 52-week performance, its high was $71.40, and the low was $45.65. On the whole, SCHW has fluctuated by 6.00% over the past month.
With the market capitalization of Charles Schwab Corp. currently standing at about $117.88 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 15, 2024 – Apr 19, 2024. The company’s Forward Dividend Ratio is 1.00, with its dividend yield at 1.50%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.75, which is expected to increase to $0.9 for fiscal year $3.37 and then to about $4.33 by fiscal year 2025. Data indicates that the EPS growth is expected to be 7.70% in 2025, while the next year’s EPS growth is forecast to be 28.50%.
Analysts have estimated the company’s revenue for the quarter at $4.72 billion, with a low estimate of $4.61 billion and a high estimate of $4.8 billion. According to the average forecast, sales growth in current quarter could jump down -8.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $19.7 billion, representing an increase of 4.60% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that SCHW’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 2.43, with the price of SCHW currently trading nearly 0.92% and 2.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 54.20, while the 7-day volatility ratio is showing 1.75% which for the 30-day chart, stands at 1.89%. Furthermore, Charles Schwab Corp. (SCHW)’s beta value is 1.00, and its average true range (ATR) is 1.28.
A comparison of Charles Schwab Corp. (SCHW) with its peers suggests the former has fared considerably weaker in the market. SCHW showed an intraday change of -0.98% in today’s session so far, and over the past year, it grew by 17.27%%.
Data on historical trading for Charles Schwab Corp. (NYSE:SCHW) indicates that the trading volumes over the past 10 days have averaged 7.55 million and over the past 3 months, they’ve averaged 8.25 million. According to company’s latest data on outstanding shares, there are 1.77 billion shares outstanding.
Nearly 5.94% of Charles Schwab Corp.’s shares belong to company insiders and institutional investors own 85.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.92 million shares as on Feb 29, 2024, resulting in a short ratio of 2.23. According to the data, the short interest in Charles Schwab Corp. (SCHW) stood at 0.82% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 17.98 million. The stock has fallen by -3.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SCHW stock heading into the next quarter.
