TC Energy Corporation (NYSE:TRP) shares, rose in value, with the stock price down by -1.52% to the previous day’s close as strong demand from buyers drove the stock to $50.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $51.06. The PE ratio was 16.58 over 12-month period. Referring to stock’s 52-week performance, its high was $51.34, and the low was $33.78. On the whole, TRP has fluctuated by 13.05% over the past month.
With the market capitalization of TC Energy Corporation currently standing at about $52.26 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 2.45, with its dividend yield at 4.88%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that TRP’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% 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 price of TRP currently trading nearly 1.80% and 4.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 57.51, while the 7-day volatility ratio is showing 2.04% which for the 30-day chart, stands at 2.64%. Furthermore, TC Energy Corporation (TRP)’s beta value is 0.82, and its average true range (ATR) is 1.14.
A comparison of TC Energy Corporation (TRP) with its peers suggests the former has fared considerably weaker in the market. TRP showed an intraday change of -1.52% in today’s session so far, and over the past year, it grew by 46.71%%.
Data on historical trading for TC Energy Corporation (NYSE:TRP) indicates that the trading volumes over the past 3 months, they’ve averaged 2.51 million. According to company’s latest data on outstanding shares, there are 1.04 billion shares outstanding.
Nearly 0.12% of TC Energy Corporation’s shares belong to company insiders and institutional investors own 72.55% of the company’s shares. The stock has risen by 8.07% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TRP stock heading into the next quarter.
