NatWest Group Plc ADR (NYSE:NWG) shares, rose in value, with the stock price up by 2.30% to the previous day’s close as strong demand from buyers drove the stock to $7.13.
Actively observing the price movement in the last trading, the stock closed the session at $6.97. The value of beta (5-year monthly) was 1.34 whereas the PE ratio was 6.00 over 12-month period. Referring to stock’s 52-week performance, its high was $7.02, and the low was $4.30. On the whole, NWG has fluctuated by 10.37% over the past month.
The company’s Forward Dividend Ratio is 0.43, with its dividend yield at 6.00%. 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 $0.24, which is expected to increase to $0.22 for fiscal year $0.68 and then to about $0.74 by fiscal year 2025. Data indicates that the EPS growth is expected to be -47.70% in 2025, while the next year’s EPS growth is forecast to be 8.80%.
Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $17.61 billion, representing a decrease of -5.10% 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 NWG’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 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 19.34, with the price of NWG currently trading nearly 8.42% and 16.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 75.50, while the 7-day volatility ratio is showing 1.46% which for the 30-day chart, stands at 1.38%. Furthermore, NatWest Group Plc ADR (NWG)’s beta value is 1.38, and its average true range (ATR) is 0.14.
A comparison of NatWest Group Plc ADR (NWG) with its peers suggests the former has fared considerably weaker in the market. NWG showed an intraday change of 2.30% in last session, and over the past year, it grew by 7.22%%.
Data on historical trading for NatWest Group Plc ADR (NYSE:NWG) indicates that the trading volumes over the past 10 days have averaged 1.51 million and over the past 3 months, they’ve averaged 1.77 million. According to company’s latest data on outstanding shares, there are 4.40 billion shares outstanding.
Nearly 0.00% of NatWest Group Plc ADR’s shares belong to company insiders and institutional investors own 1.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 10.83 million shares as on Mar 15, 2024, resulting in a short ratio of 5.96. According to the data, the short interest in NatWest Group Plc ADR (NWG) stood at 0.25% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 7.83 million. The stock has risen by 26.64% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NWG stock heading into the next quarter.
