Citigroup Inc (NYSE:C) shares, rose in value on Friday, April 05, with the stock price up by 0.26% to the previous day’s close as strong demand from buyers drove the stock to $61.07.
Actively observing the price movement in the recent trading, the stock is buoying the session at $60.91. The value of beta (5-year monthly) is 1.50 whereas the PE ratio is 15.26 over 12-month period. Referring to stock’s 52-week performance, its high was $63.90, and the low was $38.17. On the whole, C has fluctuated by 6.60% over the past month.
With the market capitalization of Citigroup Inc currently standing at about $116.97 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 12, 2024. The company’s Forward Dividend Ratio is 2.10, with its dividend yield at 3.44%. 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 $1.13, which is expected to increase to $1.56 for fiscal year $5.27 and then to about $6.62 by fiscal year 2025. Data indicates that the EPS growth is expected to be -4.70% in 2025, while the next year’s EPS growth is forecast to be 25.60%.
Analysts have estimated the company’s revenue for the quarter at $18.83 billion, with a low estimate of $18.17 billion and a high estimate of $19.33 billion. According to the average forecast, sales growth in current quarter could jump down -5.80%, 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 $73.83 billion, representing an increase of 2.00% 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 C’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 1.53, with the price of C currently trading nearly 1.80% and 7.09% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.88, while the 7-day volatility ratio is showing 2.09% which for the 30-day chart, stands at 2.04%. Furthermore, Citigroup Inc (C)’s beta value is 1.50, and its average true range (ATR) is 1.20.
A comparison of Citigroup Inc (C) with its peers suggests the former has fared considerably weaker in the market. C showed an intraday change of 0.26% in today’s session so far, and over the past year, it grew by 32.50%%.
Data on historical trading for Citigroup Inc (NYSE:C) indicates that the trading volumes over the past 10 days have averaged 16.15 million and over the past 3 months, they’ve averaged 16.87 million. According to company’s latest data on outstanding shares, there are 1.92 billion shares outstanding.
Nearly 0.30% of Citigroup Inc’s shares belong to company insiders and institutional investors own 73.54% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 28.36 million shares as on Mar 15, 2024, resulting in a short ratio of 1.92. According to the data, the short interest in Citigroup Inc (C) stood at 1.48% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 26.44 million. The stock has risen by 18.72% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the C stock heading into the next quarter.
