Citigroup Inc (NYSE:C) price on Thursday, May 09, rose 0.65% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $63.16.
A look at the stock’s price movement, the level at last check in today’s session was $62.75. The PE ratio in trailing twelve months stood at 18.66. Turning to its 52-week performance, $63.90 and $38.17 were the 52-week high and 52-week low respectively. Overall, C moved 4.95% over the past month.
Citigroup Inc’s market cap currently stands at around $120.47 billion. The company has a Forward Dividend ratio of 2.12, with its dividend yield at 3.36%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 20.07B for the company’s revenue for the quarter, with a low and high estimate of 19.76B and 20.54B respectively. The average forecast suggests up to a 3.30% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 80.67B, representing a 11.60% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that C is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 1.87, with C’s current price about 3.74% and 5.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 60.96, while 7-day volatility ratio is 1.89% and 2.55% in the 30-day chart. Further, Citigroup Inc (C) has a beta value of 1.48, and an average true range (ATR) of 1.37.
If we refocus on Citigroup Inc (NYSE:C), historical trading data shows that trading volumes averaged 14.99 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.90 billion shares.
The 0.30% of Citigroup Inc’s shares are in the hands of company insiders while institutional holders own 74.09% of the company’s shares. Current price change has pushed the stock 22.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the C stock continues to rise going into the next quarter.
