An In-Depth Look at Prudential Financial Inc.’s (PRU) Stock Performance

The stock of Prudential Financial Inc. (PRU) has seen a 0.91% increase in the past week, with a 9.13% gain in the past month, and a 11.76% flourish in the past quarter. The volatility ratio for the week is 0.96%, and the volatility levels for the past 30 days are at 1.34% for PRU. The simple moving average for the last 20 days is 2.88% for PRU’s stock, with a simple moving average of 18.32% for the last 200 days.

Is It Worth Investing in Prudential Financial Inc. (NYSE: PRU) Right Now?

Prudential Financial Inc. (NYSE: PRU) has a higher price-to-earnings ratio of 17.37x compared to its average ratio. PRU has 36-month beta value of 1.35. Analysts have mixed views on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”

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The public float for PRU is 358.22M, and currently, short sellers hold a 1.79% ratio of that float. The average trading volume of PRU on April 04, 2024 was 1.56M shares.

PRU) stock’s latest price update

Prudential Financial Inc. (NYSE: PRU)’s stock price has soared by 0.49 in relation to previous closing price of 116.30. Nevertheless, the company has seen a gain of 0.91% in its stock price over the last five trading days. Business Wire reported 2024-04-02 that NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial, Inc. (NYSE: PRU) will release its first quarter 2024 earnings on Tuesday, April 30, 2024, after the market closes. The earnings news release, the financial supplement, and related materials will be posted on the company’s Investor Relations website at investor.prudential.com. Members of Prudential’s senior management will host a conference call on Wednesday, May 1, 2024, at 11:00 a.m. ET to discuss with the investment community the company’s.

Analysts’ Opinion of PRU

JP Morgan, on the other hand, stated in their research note that they expect to see PRU reach a price target of $118, previously predicting the price at $119. The rating they have provided for PRU stocks is “Neutral” according to the report published on January 03rd, 2024.

Deutsche Bank gave a rating of “Hold” to PRU, setting the target price at $99 in the report published on October 05th of the previous year.

PRU Trading at 6.95% from the 50-Day Moving Average

After a stumble in the market that brought PRU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.89% of loss for the given period.

Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 0.96%, as shares surge +7.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.92% upper at present.

During the last 5 trading sessions, PRU rose by +0.91%, which changed the moving average for the period of 200-days by +34.70% in comparison to the 20-day moving average, which settled at $114.00. In addition, Prudential Financial Inc. saw 12.69% 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 PRU starting from SULLIVAN ANDREW F, who sale 7,685 shares at the price of $111.57 back on Mar 12 ’24. After this action, SULLIVAN ANDREW F now owns 13,691 shares of Prudential Financial Inc., valued at $857,415 using the latest closing price.

Axel Robert, the SVP and Controller of Prudential Financial Inc., sale 6,436 shares at $111.86 during a trade that took place back on Mar 12 ’24, which means that Axel Robert is holding 7,901 shares at $719,942 based on the most recent closing price.

Stock Fundamentals for PRU

Current profitability levels for the company are sitting at:

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

The net margin for Prudential Financial Inc. stands at 0.05. The total capital return value is set at 0.0. Equity return is now at value 11.16, with 0.35 for asset returns.

Based on Prudential Financial Inc. (PRU), the company’s capital structure generated 0.43 points at debt to capital in total, while cash flow to debt ratio is standing at 0.31. The debt to equity ratio resting at 0.75. The interest coverage ratio of the stock is 0.96.

Currently, EBITDA for the company is -116.0 million with net debt to EBITDA at 0.88. When we switch over and look at the enterprise to sales, we see a ratio of 0.82. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.53.

Conclusion

To put it simply, Prudential Financial Inc. (PRU) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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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