T. Rowe Price Group Inc. (NASDAQ:TROW) shares, rose in value on Friday, April 26, with the stock price up by 4.81% to the previous day’s close as strong demand from buyers drove the stock to $114.06.
Actively observing the price movement in the recent trading, the stock is buoying the session at $108.83. The PE ratio was 14.70 over 12-month period. Referring to stock’s 52-week performance, its high was $132.76, and the low was $87.43. On the whole, TROW has fluctuated by -5.63% over the past month.
The company’s Forward Dividend Ratio is 4.90, with its dividend yield at 4.30%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.06B, with a low estimate of 1.65B and a high estimate of 1.75B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.71B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TROW’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% 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 21.00, with the price of TROW currently trading nearly -0.70% and -0.53% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.40, while the 7-day volatility ratio is showing 2.15% which for the 30-day chart, stands at 2.12%. Furthermore, T. Rowe Price Group Inc. (TROW)’s beta value is 1.42, and its average true range (ATR) is 2.84.
A comparison of T. Rowe Price Group Inc. (TROW) with its peers suggests the former has fared considerably weaker in the market. TROW showed an intraday change of 4.81% in today’s session so far, and over the past year, it grew by 5.17%%.
Data on historical trading for T. Rowe Price Group Inc. (NASDAQ:TROW) indicates that the trading volumes over the past 3 months, they’ve averaged 1.39 million. According to company’s latest data on outstanding shares, there are 223.94 million shares outstanding.
Nearly 2.24% of T. Rowe Price Group Inc.’s shares belong to company insiders and institutional investors own 75.70% of the company’s shares. The stock has risen by 5.92% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TROW stock heading into the next quarter.
