Toronto Dominion Bank (NYSE:TD) price closed lower on Tuesday, April 16, dropping -0.78% below its previous close.
A look at the daily price movement shows that the last close reads $56.57. The company’s 5Y monthly beta was ticking 0.83 while its P/E ratio in the trailing 12-month period read 11.98. Taking into account the 52-week price action we note that the stock hit a 52-week high of $66.15 and 52-week low of $54.69. The stock subtracted -6.54% on its value in the past month.
Toronto Dominion Bank, which has a market valuation of $99.47 billion, is expected to release its quarterly earnings report May 23, 2024. The company stock has a Forward Dividend ratio of 2.93, while the dividend yield is 5.23%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give TD a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.92. The overview shows that TD’s price is at present -5.19% off the SMA20 and -5.72% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 27.85, with weekly volatility standing at 1.77%. The indicator jumps to 1.41% when calculated based on the past 30 days. Toronto Dominion Bank (NYSE:TD)’s beta value is holding at 0.84, while the average true range (ATR) indicator is currently reading 0.93.
An analysis of the Toronto Dominion Bank (NYSE:TD) stock in terms of its daily trading volume indicates that the 3-month average is 2.88 million.
Current records show that the company has 1.79B in outstanding shares. The insiders’ percentage holdings are 0.16% of outstanding shares while the percentage share held by institutions stands at 55.22%. But the -13.14% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
