Citigroup Inc (NYSE: C)’s stock price has plunge by 1.13relation to previous closing price of 60.91. Nevertheless, the company has seen a -2.59% plunge in its stock price over the last five trading sessions. Market Watch reported 2024-04-07 that With first-quarter earnings reports just around the corner, the biggest battles with inflation might be out of the way for businesses and their customers. The impact of the smaller ones could just be starting.
Is It Worth Investing in Citigroup Inc (NYSE: C) Right Now?
Citigroup Inc (NYSE: C) has a higher price-to-earnings ratio of 15.39x compared to its average ratio. C has 36-month beta value of 1.50. Analysts have mixed views on the stock, with 12 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for C is 1.91B, and currently, short sellers hold a 1.49% ratio of that float. The average trading volume of C on April 08, 2024 was 16.87M shares.
C’s Market Performance
The stock of Citigroup Inc (C) has seen a -2.59% decrease in the past week, with a 7.52% rise in the past month, and a 14.56% gain in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are at 2.03% for C. The simple moving average for the last 20 days is 2.68% for C stock, with a simple moving average of 28.12% for the last 200 days.
Analysts’ Opinion of C
Many brokerage firms have already submitted their reports for C stocks, with Evercore ISI repeating the rating for C by listing it as a “In-line.” The predicted price for C in the upcoming period, according to Evercore ISI is $60 based on the research report published on April 04, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see C reach a price target of $80, previously predicting the price at $70. The rating they have provided for C stocks is “Overweight” according to the report published on March 25th, 2024.
Goldman gave a rating of “Buy” to C, setting the target price at $68 in the report published on March 14th of the current year.
C Trading at 8.02% 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 unable to rebound, for now settling with -3.60% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares surge +6.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.66% upper at present.
During the last 5 trading sessions, C fell by -2.59%, which changed the moving average for the period of 200-days by +29.38% in comparison to the 20-day moving average, which settled at $60.19. In addition, Citigroup Inc saw 19.75% 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 4.47. 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 put it simply, Citigroup Inc (C) has had a better performance in recent times. Analysts have a bullish 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.
