The stock of Corebridge Financial Inc. (CRBG) has gone down by -16.59% for the week, with a -24.30% drop in the past month and a -19.58% drop in the past quarter. The volatility ratio for the week is 4.91%, and the volatility levels for the past 30 days are 3.30% for CRBG. The simple moving average for the last 20 days is -17.79% for CRBG stock, with a simple moving average of -21.48% for the last 200 days.
Is It Worth Investing in Corebridge Financial Inc. (NYSE: CRBG) Right Now?
Corebridge Financial Inc. (NYSE: CRBG) has a higher price-to-earnings ratio of 0.89x compared to its average ratio, Analysts have varying views on the stock, with 10 analysts rating it as a “buy,” 0 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for CRBG is $26.54, which is $10.36 above the current market price. The public float for CRBG is 141.83M, and currently, shorts hold a 3.83% of that float. The average trading volume for CRBG on March 16, 2023 was 1.71M shares.
CRBG) stock’s latest price update
Corebridge Financial Inc. (NYSE: CRBG)’s stock price has decreased by -4.93 compared to its previous closing price of 17.24. but the company has seen a -16.59% decline in its stock price over the last five trading sessions.
Analysts’ Opinion of CRBG
The stock of Corebridge Financial Inc. (CRBG) has gone down by -16.59% for the week, with a -24.30% drop in the past month and a -19.58% drop in the past quarter. The volatility ratio for the week is 4.91%, and the volatility levels for the past 30 days are 3.30% for CRBG. The simple moving average for the last 20 days is -17.79% for CRBG stock, with a simple moving average of -21.48% for the last 200 days.
Analysts’ Opinion of CRBG
Many brokerage firms have already submitted their reports for CRBG stocks, with Credit Suisse repeating the rating for CRBG by listing it as a “Neutral.” The predicted price for CRBG in the upcoming period, according to Credit Suisse is $23 based on the research report published on January 13th of the current year 2023.
Citigroup, on the other hand, stated in their research note that they expect to see CRBG reach a price target of $23. The rating they have provided for CRBG stocks is “Neutral” according to the report published on October 11th, 2022.
Wells Fargo gave a rating of “Overweight” to CRBG, setting the target price at $23 in the report published on October 10th of the previous year.
CRBG Trading at -20.50% from the 50-Day Moving Average
After a stumble in the market that brought CRBG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -30.26% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 4.91%, as shares sank -24.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.30% lower at present.
During the last 5 trading sessions, CRBG fell by -16.59%, in comparison to the 20-day moving average, which settled at $19.68. In addition, Corebridge Financial Inc. saw -18.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRBG starting from Colberg Alan B., who purchase 30,000 shares at the price of $22.92 back on Nov 10. After this action, Colberg Alan B. now owns 37,858 shares of Corebridge Financial Inc., valued at $687,474 using the latest closing price.
Stock Fundamentals for CRBG
Current profitability levels for the company are sitting at:
- +41.63 for the present operating margin
The net margin for Corebridge Financial Inc. stands at +30.85. Equity return is now at value 71.80, with 3.10 for asset returns.
Conclusion
In conclusion, Corebridge Financial Inc. (CRBG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
