Deutsche Bank AG (NYSE:DB) traded at $16.19 at last check on Monday, April 29, made a downward move of -8.90% on its previous day’s price.
Looking at the stock we see that its previous close was $17.77. The company has a trailing 12-month PE ratio of 6.89. In terms of its 52-week price range, DB has a high of $17.95 and a low of $9.82. The company’s stock has gained about 2.65% over that past 30 days.
Deutsche Bank AG has a market cap of $31.96 billion. With its Forward Dividend at 0.32 and a yield of 2.00%, the company’s investors could be anxious for the DB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.6, with the EPS growth for the year raised at $2.36 for 2024 and $2.8 for next year. These figures represent -3.70% and 18.60% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $8.01 billion, with a low of $8.01 billion and a high of $8.01 billion. The median projection represents growth squeezing down to 1.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $31.48 billion, or 2.00% up from figures reported last year.
On the other hand, looking at the outlook for the DB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is 0.54% off its SMA20 and 8.31% from its 50-day simple moving average. The RSI (14) is pointing at 53.00 while the volatility over the past week is 1.67% and jumps to 1.62% over the past one month. The beta value is 1.29, while the average true range (ATR) is currently pointing at 0.48.
Coming back to Deutsche Bank AG (NYSE:DB), we note that the average 3-month trading volume was 3.66 million. Current shares outstanding are 1.99 billion.
The insiders hold 6.67% of the company’s shares while institutions hold 30.26%. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 19.47% up in year-to-date price movement.
