Citigroup Inc (NYSE:C) traded at $62.66 at close of the session on Friday, April 26, made an upward move of 1.41% on its previous day’s price.
Looking at the stock we see that its previous close was $61.79 . The company has a trailing 12-month PE ratio of 18.43. In terms of its 52-week price range, C has a high of $63.90 and a low of $38.17. The company’s stock has lost about -0.14% over that past 30 days.
Citigroup Inc has a market cap of $120.01 billion. With its Forward Dividend at 2.10 and a yield of 3.35%, the company’s investors could be anxious for the C stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.43, with the EPS growth for the year raised at $5.76 for 2024 and $7.2 for next year. These figures represent 4.30% and 25.00% 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 $20.06 billion, with a low of $19.76 billion and a high of $20.54 billion. The median projection represents growth squeezing down to 3.20% 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 $80.64 billion, or 11.50% up from figures reported last year.
There have been 1 upward and — downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the C 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 that the PEG ratio for the C stock currently stands at 1.84, and the current price level is 2.99% off its SMA20 and 6.64% from its 50-day simple moving average. The RSI (14) is pointing at 61.23 while the volatility over the past week is 2.48% and jumps to 2.58% over the past one month. The beta value is 1.48, while the average true range (ATR) is currently pointing at 1.52.
Coming back to Citigroup Inc (NYSE:C), we note that the average 3-month trading volume was 16.11 million. Current shares outstanding are 1.92 billion.
The insiders hold 0.30% of the company’s shares while institutions hold 73.81%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 21.81% up in year-to-date price movement.
