The stock of Citigroup Inc (C) has gone up by 3.11% for the week, with a 14.88% rise in the past month and a 22.89% rise in the past quarter. The volatility ratio for the week is 1.57%, and the volatility levels for the past 30 days are 2.03% for C. The simple moving average for the past 20 days is 8.25% for C’s stock, with a 32.49% simple moving average for the past 200 days.
Is It Worth Investing in Citigroup Inc (NYSE: C) Right Now?
Citigroup Inc (NYSE: C) has a price-to-earnings ratio that is above its average at 15.80x. The stock has a 36-month beta value of 1.51. Opinions on the stock are mixed, with 9 analysts rating it as a “buy,” 5 as “overweight,” 12 as “hold,” and 1 as “sell.”
The public float for C is 1.91B, and at present, short sellers hold a 1.49% of that float. On April 01, 2024, the average trading volume of C was 17.23M shares.
C) stock’s latest price update
Citigroup Inc (NYSE: C)’s stock price has surge by 0.78relation to previous closing price of 62.75. Nevertheless, the company has seen a 3.11% surge in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-29 that I reiterate a very strong buy thesis for Citigroup shares, as I believe that most recent price appreciation has only been the starting shot of a broader, long-dated bull. The macroeconomic backdrop is favorable, with expectations of rate cuts and strong GDP growth, which could sharply drive up banking activity over the next quarters. The bank has made progress in restructuring, leading to an expanding cost-to-income ratio and profitability.
Analysts’ Opinion of C
Many brokerage firms have already submitted their reports for C stocks, with Wells Fargo repeating the rating for C by listing it as a “Overweight.” The predicted price for C in the upcoming period, according to Wells Fargo is $80 based on the research report published on March 25, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see C reach a price target of $68. The rating they have provided for C stocks is “Buy” according to the report published on March 14th, 2024.
Piper Sandler gave a rating of “Overweight” to C, setting the target price at $63 in the report published on February 14th of the current year.
C Trading at 12.96% from the 50-Day Moving Average
After a stumble in the market that brought C to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.76% of gains for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.57%, as shares surge +13.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.13% upper at present.
During the last 5 trading sessions, C rose by +3.11%, which changed the moving average for the period of 200-days by +30.53% in comparison to the 20-day moving average, which settled at $58.81. In addition, Citigroup Inc saw 22.94% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at C starting from MORTON ANDREW JOHN, who sale 28,096 shares at the price of $40.66 back on Oct 18 ’23. After this action, MORTON ANDREW JOHN now owns 410,060 shares of Citigroup Inc, valued at $1,142,397 using the latest closing price.
Turek Zdenek, the Chief Risk Officer of Citigroup Inc, sale 12,000 shares at $49.87 during a trade that took place back on Apr 18 ’23, which means that Turek Zdenek is holding 155,979 shares at $598,440 based on the most recent closing price.
Stock Fundamentals for C
Current profitability levels for the company are sitting at:
- 0.48 for the present operating margin
- 0.68 for the gross margin
The net margin for Citigroup Inc stands at 0.09. The total capital return value is set at 0.03. Equity return is now at value 4.45, with 0.37 for asset returns.
Based on Citigroup Inc (C), the company’s capital structure generated 0.74 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 2.88. The interest coverage ratio of the stock is 0.8.
Currently, EBITDA for the company is 9.38 billion with net debt to EBITDA at 6.71. When we switch over and look at the enterprise to sales, we see a ratio of 4.5. The receivables turnover for the company is 1.86for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
To sum up, Citigroup Inc (C) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
