T. Rowe Price Group Inc. (NASDAQ:TROW) went down by -6.61% from its latest closing price compared to the recent 1-year high of $224.55. The company’s stock price has collected -14.83% of loss in the last five trading sessions. The Wall Street Journal reported on 01/25/22 that Massachusetts Investigates Potential Target-Date Funds Tax Issue
Is It Worth Investing in T. Rowe Price Group Inc. (NASDAQ :TROW) Right Now?
T. Rowe Price Group Inc. (NASDAQ:TROW) scored a price-to-earnings ratio above its average ratio, recording 9.28 x from its present earnings ratio. Plus, the 36-month beta value for TROW is at 1.34. Opinions of the stock are interesting as 1 analysts out of 13 who provided ratings for T. Rowe Price Group Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $138.70, which is $23.92 above the current price. TROW currently public float of 222.92M and currently shorts hold a 5.41% ratio of that float. Today, the average trading volume of TROW was 1.71M shares.
TROW’s Market Performance
TROW stocks went down by -14.83% for the week, with a monthly drop of -19.77% and a quarterly performance of -25.11%, while its annual performance rate touched -36.84%. The volatility ratio for the week stands at 4.62% while the volatility levels for the past 30 days are set at 4.00% for T. Rowe Price Group Inc.. The simple moving average for the period of the last 20 days is -13.94% for TROW stocks with a simple moving average of -36.75% for the last 200 days.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with Jefferies repeating the rating for TROW by listing it as a “Hold.” The predicted price for TROW in the upcoming period, according to Jefferies is $156 based on the research report published on April 11th of the current year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see TROW reach a price target of $159, previously predicting the price at $166.50. The rating they have provided for TROW stocks is “Sell” according to the report published on January 12th, 2022.
Goldman gave a rating of “Sell” to TROW, setting the target price at $175 in the report published on January 04th of the current year.
TROW Trading at -18.32% from the 50-Day Moving Average
After a stumble in the market that brought TROW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.89% of loss for the given period.
Volatility was left at 4.00%, however, over the last 30 days, the volatility rate increased by 4.62%, as shares sank -20.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.76% lower at present.
During the last 5 trading sessions, TROW fell by -14.83%, which changed the moving average for the period of 200-days by -43.57% in comparison to the 20-day moving average, which settled at $131.91. In addition, T. Rowe Price Group Inc. saw -41.63% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at TROW starting from Hiebler Jessica M, who sale 730 shares at the price of $125.00 back on May 02. After this action, Hiebler Jessica M now owns 13,089 shares of T. Rowe Price Group Inc., valued at $91,253 using the latest closing price.
Hiebler Jessica M, the Principal Accounting Officer of T. Rowe Price Group Inc., sale 1,260 shares at $143.65 during a trade that took place back on Feb 28, which means that Hiebler Jessica M is holding 12,369 shares at $180,999 based on the most recent closing price.
Stock Fundamentals for TROW
Current profitability levels for the company are sitting at:
- +49.90 for the present operating margin
- +84.38 for the gross margin
The net margin for T. Rowe Price Group Inc. stands at +39.14. Equity return is now at value 33.00, with 23.80 for asset returns.