Royal Bank of Canada (NYSE: RY)’s stock price has plunge by 1.48relation to previous closing price of 89.98. Nevertheless, the company has seen a 3.88% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2023-09-14 that Certain value stocks, including REITs, utilities, and particular financials, have suffered in recent months. Canadian banks are ranked among the safest banks in the world and have not cut their dividends in nearly 200 years. These are the most dependable dividend stocks on earth. The current bear market in Canadian banks presents a buying opportunity with attractive yields and solid long-term growth prospects.
Is It Worth Investing in Royal Bank of Canada (NYSE: RY) Right Now?
Royal Bank of Canada (NYSE: RY) has a price-to-earnings ratio that is above its average at 12.08x. and a 36-month beta value of 0.82. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 0 as “overweight,” 3 as “hold,” and 0 as “sell.”
The average price predicted for Royal Bank of Canada (RY) by analysts is $95.27, which is $14.13 above the current market price. The public float for RY is 1.40B, and at present, short sellers hold a 1.26% of that float. On September 15, 2023, the average trading volume of RY was 887.64K shares.
RY’s Market Performance
RY stock saw a decrease of 3.88% in the past week, with a monthly decline of -0.64% and a quarterly a decrease of -2.74%. The volatility ratio for the week is 1.23%, and the volatility levels for the last 30 days are 1.43% for Royal Bank of Canada (RY). The simple moving average for the last 20 days is 1.96% for RY stock, with a simple moving average of -5.14% for the last 200 days.
Analysts’ Opinion of RY
Many brokerage firms have already submitted their reports for RY stocks, with CIBC repeating the rating for RY by listing it as a “Neutral.” The predicted price for RY in the upcoming period, according to CIBC is $4 based on the research report published on May 16, 2023 of the current year 2023.
RY Trading at -2.63% from the 50-Day Moving Average
After a stumble in the market that brought RY to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.81% of loss for the given period.
Volatility was left at 1.43%, however, over the last 30 days, the volatility rate increased by 1.23%, as shares surge +0.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.58% lower at present.
During the last 5 trading sessions, RY rose by +3.88%, which changed the moving average for the period of 200-days by -9.50% in comparison to the 20-day moving average, which settled at $89.56. In addition, Royal Bank of Canada saw -2.88% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for RY
Current profitability levels for the company are sitting at:
- +28.78 for the present operating margin
The net margin for Royal Bank of Canada stands at +23.97. The total capital return value is set at 4.37, while invested capital returns managed to touch 9.42. Equity return is now at value 14.00, with 0.70 for asset returns.
Based on Royal Bank of Canada (RY), the company’s capital structure generated 317.13 points at debt to equity in total, while total debt to capital is 76.03. Total debt to assets is 17.88, with long-term debt to equity ratio resting at 64.75. Finally, the long-term debt to capital ratio is 14.47.
When we switch over and look at the enterprise to sales, we see a ratio of 3.87, with the company’s debt to enterprise value settled at 0.80. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
To sum up, Royal Bank of Canada (RY) 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.