In the past week, TFC stock has gone down by -20.86%, with a monthly decline of -32.53% and a quarterly plunge of -23.73%. The volatility ratio for the week is 12.83%, and the volatility levels for the last 30 days are 4.75% for Truist Financial Corporation The simple moving average for the last 20 days is -24.84% for TFC stock, with a simple moving average of -28.83% for the last 200 days.
Is It Worth Investing in Truist Financial Corporation (NYSE: TFC) Right Now?
Truist Financial Corporation (NYSE: TFC) has a higher price-to-earnings ratio of 7.44x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.11.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
Sponsored
The public float for TFC is 1.32B, and currently, short sellers hold a 1.06% ratio of that float. The average trading volume of TFC on March 17, 2023 was 9.07M shares.
TFC) stock’s latest price update
Truist Financial Corporation (NYSE: TFC)’s stock price has increased by 2.62 compared to its previous closing price of 32.10. However, the company has seen a -20.86% decrease in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/23/23 that Banks Plan Digital Wallet to Compete With PayPal, Apple Pay
Analysts’ Opinion of TFC
In the past week, TFC stock has gone down by -20.86%, with a monthly decline of -32.53% and a quarterly plunge of -23.73%. The volatility ratio for the week is 12.83%, and the volatility levels for the last 30 days are 4.75% for Truist Financial Corporation The simple moving average for the last 20 days is -24.84% for TFC stock, with a simple moving average of -28.83% for the last 200 days.
Analysts’ Opinion of TFC
Many brokerage firms have already submitted their reports for TFC stocks, with Citigroup repeating the rating for TFC by listing it as a “Buy.” The predicted price for TFC in the upcoming period, according to Citigroup is $52 based on the research report published on March 15th of the current year 2023.
Robert W. Baird, on the other hand, stated in their research note that they expect to see TFC reach a price target of $53. The rating they have provided for TFC stocks is “Outperform” according to the report published on March 13th, 2023.
Keefe Bruyette gave a rating of “Mkt Perform” to TFC, setting the target price at $45 in the report published on March 13th of the current year.
TFC Trading at -28.75% from the 50-Day Moving Average
After a stumble in the market that brought TFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.09% of loss for the given period.
Volatility was left at 4.75%, however, over the last 30 days, the volatility rate increased by 12.83%, as shares sank -32.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.50% lower at present.
During the last 5 trading sessions, TFC fell by -20.86%, which changed the moving average for the period of 200-days by -32.95% in comparison to the 20-day moving average, which settled at $43.03. In addition, Truist Financial Corporation saw -23.45% 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 TFC starting from RATCLIFFE DAVID M, who purchase 13,125 shares at the price of $38.08 back on Mar 10. After this action, RATCLIFFE DAVID M now owns 39,025 shares of Truist Financial Corporation, valued at $499,820 using the latest closing price.
Cummins Hugh S. III, the Vice Chair of Truist Financial Corporation, sale 35,229 shares at $49.05 during a trade that took place back on Jan 27, which means that Cummins Hugh S. III is holding 307,069 shares at $1,728,159 based on the most recent closing price.
Stock Fundamentals for TFC
Current profitability levels for the company are sitting at:
- +32.01 for the present operating margin
The net margin for Truist Financial Corporation stands at +24.49. Equity return is now at value 10.70, with 1.10 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.25.
Conclusion
To put it simply, Truist Financial Corporation (TFC) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.
