Royal Bank Of Canada (RY) Shares Plummet Below 1-Year High

The stock of Royal Bank Of Canada (NYSE: RY) has decreased by -0.69 when compared to last closing price of 100.30.Despite this, the company has seen a gain of 0.19% in its stock price over the last five trading days. Seeking Alpha reported 2024-03-31 that Vanguard High Dividend Yield ETF is off to a good start this year +8.98%, while the SPDR S&P 500 ETF Trust is performing even better +10.39%. The top 10 stocks on the watchlist for April 2024 offer a 3.61% dividend yield, more than double the S&P 500. My top 10 list of high dividend yield stocks has generated an annualized rate of return of 16.32% since its inception in November 2020.

Is It Worth Investing in Royal Bank Of Canada (NYSE: RY) Right Now?

The price-to-earnings ratio for Royal Bank Of Canada (NYSE: RY) is above average at 12.55x. The 36-month beta value for RY is also noteworthy at 0.84. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”

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The public float for RY is 1.41B, and at present, short sellers hold a 0.63% of that float. The average trading volume of RY on April 03, 2024 was 1.20M shares.

RY’s Market Performance

The stock of Royal Bank Of Canada (RY) has seen a 0.19% increase in the past week, with a 2.34% rise in the past month, and a -1.50% fall in the past quarter. The volatility ratio for the week is 1.00%, and the volatility levels for the past 30 days are at 1.17% for RY. The simple moving average for the last 20 days is 0.02% for RY’s stock, with a simple moving average of 6.74% for the last 200 days.

RY Trading at 1.15% 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 -2.41% of loss for the given period.

Volatility was left at 1.17%, however, over the last 30 days, the volatility rate increased by 1.00%, as shares surge +2.50% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.01% lower at present.

During the last 5 trading sessions, RY rose by +0.19%, which changed the moving average for the period of 200-days by +6.10% in comparison to the 20-day moving average, which settled at $99.71. In addition, Royal Bank Of Canada saw -1.50% 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:

  • 0.37 for the present operating margin
  • 1.0 for the gross margin

The net margin for Royal Bank Of Canada stands at 0.21. The total capital return value is set at 0.03. Equity return is now at value 13.45, with 0.77 for asset returns.

Based on Royal Bank Of Canada (RY), the company’s capital structure generated 0.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.04. The debt to equity ratio resting at 3.36. The interest coverage ratio of the stock is 0.56.

Currently, EBITDA for the company is 21.33 billion with net debt to EBITDA at 8.47. When we switch over and look at the enterprise to sales, we see a ratio of 6.06. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.74.

Conclusion

In summary, Royal Bank Of Canada (RY) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.

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