Truist Financial Corporation (NYSE: TFC)’s stock price has decreased by -1.14 compared to its previous closing price of 30.75. However, the company has seen a 5.12% increase 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
Is It Worth Investing in Truist Financial Corporation (NYSE: TFC) Right Now?
Truist Financial Corporation (NYSE: TFC) has a price-to-earnings ratio that is above its average at 6.77x. and a 36-month beta value of 1.06. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 1 as “sell.”
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The public float for TFC is 1.32B, and at present, short sellers hold a 2.24% of that float. On May 25, 2023, the average trading volume of TFC was 17.11M shares.
TFC’s Market Performance
The stock of Truist Financial Corporation (TFC) has seen a 5.12% increase in the past week, with a -0.10% drop in the past month, and a -34.88% fall in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 4.70% for TFC. The simple moving average for the past 20 days is 4.39% for TFC’s stock, with a -28.04% simple moving average for the past 200 days.
TFC Trading at -3.09% 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 -41.78% of loss for the given period.
Volatility was left at 4.70%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares sank -0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.64% lower at present.
During the last 5 trading sessions, TFC rose by +5.12%, which changed the moving average for the period of 200-days by -38.89% in comparison to the 20-day moving average, which settled at $29.11. In addition, Truist Financial Corporation saw -29.35% 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 PATTON CHARLES A, who purchase 1,332 shares at the price of $19.00 back on May 03. After this action, PATTON CHARLES A now owns 5,000 shares of Truist Financial Corporation, valued at $25,308 using the latest closing price.
PATTON CHARLES A, the Director of Truist Financial Corporation, purchase 3,668 shares at $19.00 during a trade that took place back on May 02, which means that PATTON CHARLES A is holding 3,668 shares at $69,685 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. The total capital return value is set at 6.80, while invested capital returns managed to touch 5.92. Equity return is now at value 10.90, with 1.10 for asset returns.
Based on Truist Financial Corporation (TFC), the company’s capital structure generated 112.65 points at debt to equity in total, while total debt to capital is 52.97. Total debt to assets is 12.20, with long-term debt to equity ratio resting at 82.53. Finally, the long-term debt to capital ratio is 34.53.
When we switch over and look at the enterprise to sales, we see a ratio of 3.71, with the company’s debt to enterprise value settled at 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.22.
Conclusion
To sum up, Truist Financial Corporation (TFC) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
