Charles Schwab Corp. (NYSE:SCHW) shares, rose in value, with the stock price up by 0.76% to the previous day’s close as strong demand from buyers drove the stock to $71.89.
Actively observing the price movement in the last trading, the stock closed the session at $71.35. The value of beta (5-year monthly) was 1.00 whereas the PE ratio was 28.32 over 12-month period. Referring to stock’s 52-week performance, its high was $72.97, and the low was $45.65. On the whole, SCHW has fluctuated by 5.57% over the past month.
With the market capitalization of Charles Schwab Corp. currently standing at about $127.50 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 1.39%. 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 $0.74, which is expected to increase to $0.9 for fiscal year $3.38 and then to about $4.31 by fiscal year 2025. Data indicates that the EPS growth is expected to be 8.00% in 2025, while the next year’s EPS growth is forecast to be 27.50%.
Analysts have estimated the company’s revenue for the quarter at $4.73 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 -7.90%, 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 $19.72 billion, representing an increase of 4.70% 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 1 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 2.59, with the price of SCHW currently trading nearly 3.28% and 8.24% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.45, while the 7-day volatility ratio is showing 1.61% which for the 30-day chart, stands at 1.78%. Furthermore, Charles Schwab Corp. (SCHW)’s beta value is 1.00, and its average true range (ATR) is 1.27.
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 0.76% in last session, and over the past year, it grew by 43.78%%.
Data on historical trading for Charles Schwab Corp. (NYSE:SCHW) indicates that the trading volumes over the past 10 days have averaged 6.05 million and over the past 3 months, they’ve averaged 7.62 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 85.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 15.05 million shares as on Mar 15, 2024, resulting in a short ratio of 2.1. According to the data, the short interest in Charles Schwab Corp. (SCHW) stood at 0.82% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 15.49 million. The stock has risen by 4.49% 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.
