Deutsche Bank AG (NYSE:DB) shares, rose in value on Friday, April 05, with the stock price up by 0.13% to the previous day’s close as strong demand from buyers drove the stock to $15.97.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.95. The value of beta (5-year monthly) is 1.21 whereas the PE ratio is 7.05 over 12-month period. Referring to stock’s 52-week performance, its high was $16.33, and the low was $9.82. On the whole, DB has fluctuated by 16.75% over the past month.
The company’s Forward Dividend Ratio is 0.32, with its dividend yield at 2.02%. 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 $0.7, which is expected to increase to $0.62 for fiscal year $2.34 and then to about $2.75 by fiscal year 2025. Data indicates that the EPS growth is expected to be -5.60% in 2025, while the next year’s EPS growth is forecast to be 17.50%.
Analysts have estimated the company’s revenue for the quarter at $8.34 billion, with a low estimate of $8.24 billion and a high estimate of $8.44 billion. According to the average forecast, sales growth in current quarter could jump up 0.20%, 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 $31.79 billion, representing an increase of 1.60% 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 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 5.26, with the price of DB currently trading nearly 5.65% and 14.52% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.22, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.32%. Furthermore, Deutsche Bank AG (DB)’s beta value is 1.32, and its average true range (ATR) is 0.27.
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 0.13% in today’s session so far, and over the past year, it grew by 55.06%%.
Data on historical trading for Deutsche Bank AG (NYSE:DB) indicates that the trading volumes over the past 10 days have averaged 3.48 million and over the past 3 months, they’ve averaged 3.33 million. According to company’s latest data on outstanding shares, there are 1.99 billion shares outstanding.
Nearly 6.52% of Deutsche Bank AG’s shares belong to company insiders and institutional investors own 30.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.55 million shares as on Mar 15, 2024, resulting in a short ratio of 2.5. According to the data, the short interest in Deutsche Bank AG (DB) stood at 0.38% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 9.56 million. The stock has risen by 17.87% 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.
