Huntington Bancshares, Inc (NASDAQ:HBAN) shares, rose in value, with the stock price down by -0.23% to the previous day’s close as strong demand from buyers drove the stock to $15.19.
Actively observing the price movement in the recent trading, the stock is buoying the session at $15.22. The PE ratio was 11.71 over 12-month period. Referring to stock’s 52-week performance, its high was $18.44, and the low was $11.91. On the whole, HBAN has fluctuated by 10.76% over the past month.
With the market capitalization of Huntington Bancshares, Inc currently standing at about $22.12 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.62, with its dividend yield at 4.08%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that HBAN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.91, with the price of HBAN currently trading nearly 6.33% and 4.65% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.64, while the 7-day volatility ratio is showing 1.91% which for the 30-day chart, stands at 3.41%. Furthermore, Huntington Bancshares, Inc (HBAN)’s beta value is 0.94, and its average true range (ATR) is 0.46.
A comparison of Huntington Bancshares, Inc (HBAN) with its peers suggests the former has fared considerably weaker in the market. HBAN showed an intraday change of -0.23% in today’s session so far, and over the past year, it grew by 9.64%%.
Data on historical trading for Huntington Bancshares, Inc (NASDAQ:HBAN) indicates that the trading volumes over the past 3 months, they’ve averaged 23.08 million. According to company’s latest data on outstanding shares, there are 1.46 billion shares outstanding.
Nearly 1.19% of Huntington Bancshares, Inc’s shares belong to company insiders and institutional investors own 86.23% of the company’s shares. The stock has fallen by -6.67% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the HBAN stock heading into the next quarter.
