Lloyds Banking Group plc (NYSE: LYG) has experienced a rise in its stock price by 0.24 compared to its previous closing price of 2.11. However, the company has seen a gain of 4.70% in its stock price over the last five trading days. Zacks Investment Research reported 2023-09-11 that Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Is It Worth Investing in Lloyds Banking Group plc (NYSE: LYG) Right Now?
Lloyds Banking Group plc (NYSE: LYG) has a higher price-to-earnings ratio of 16.92x compared to its average ratio, and the 36-month beta value for LYG is at 1.30. Analysts have varying views on the stock, with 9 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 3 as “sell.”
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, 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. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
The average price suggested by analysts for LYG is $2.92, which is $0.63 above the current market price. The public float for LYG is 15.84B, and currently, shorts hold a 0.06% of that float. The average trading volume for LYG on September 15, 2023 was 9.51M shares.
LYG’s Market Performance
LYG stock saw an increase of 4.70% in the past week, with a monthly gain of 0.71% and a quarterly increase of -7.64%. The volatility ratio for the week is 1.47%, and the volatility levels for the last 30 days are 1.83% for Lloyds Banking Group plc (LYG). The simple moving average for the past 20 days is 1.41% for LYG’s stock, with a -7.84% simple moving average for the past 200 days.
LYG Trading at -2.85% from the 50-Day Moving Average
After a stumble in the market that brought LYG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.58% of loss for the given period.
Volatility was left at 1.83%, however, over the last 30 days, the volatility rate increased by 1.47%, as shares surge +0.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.24% lower at present.
During the last 5 trading sessions, LYG rose by +4.91%, which changed the moving average for the period of 200-days by -2.79% in comparison to the 20-day moving average, which settled at $2.09. In addition, Lloyds Banking Group plc saw -3.86% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for LYG
Current profitability levels for the company are sitting at:
- +31.20 for the present operating margin
The net margin for Lloyds Banking Group plc stands at +21.09. The total capital return value is set at 3.95, while invested capital returns managed to touch 3.84.
Based on Lloyds Banking Group plc (LYG), the company’s capital structure generated 353.28 points at debt to equity in total, while total debt to capital is 77.94. Total debt to assets is 16.89, with long-term debt to equity ratio resting at 219.49. Finally, the long-term debt to capital ratio is 48.42.
When we switch over and look at the enterprise to sales, we see a ratio of 3.42, with the company’s debt to enterprise value settled at 1.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.01.
Conclusion
In conclusion, Lloyds Banking Group plc (LYG) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
