The stock price of Truist Financial Corporation (NYSE: TFC) has surged by 0.40 when compared to previous closing price of 37.94, but the company has seen a -2.28% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-05 that Truist Financial Still Has Room To Run While Yielding 5.48%
Is It Worth Investing in Truist Financial Corporation (NYSE: TFC) Right Now?
The 36-month beta value for TFC is also noteworthy at 1.07. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for TFC is 1.33B, and at present, short sellers hold a 1.03% of that float. The average trading volume of TFC on April 08, 2024 was 9.75M shares.
TFC’s Market Performance
The stock of Truist Financial Corporation (TFC) has seen a -2.28% decrease in the past week, with a 2.20% rise in the past month, and a 3.03% gain in the past quarter. The volatility ratio for the week is 1.73%, and the volatility levels for the past 30 days are at 2.24% for TFC. The simple moving average for the past 20 days is 2.54% for TFC’s stock, with a 15.88% simple moving average for the past 200 days.
Analysts’ Opinion of TFC
Many brokerage firms have already submitted their reports for TFC stocks, with Stephens repeating the rating for TFC by listing it as a “Overweight.” The predicted price for TFC in the upcoming period, according to Stephens is $43 based on the research report published on March 19, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see TFC reach a price target of $43. The rating they have provided for TFC stocks is “Buy” according to the report published on January 04th, 2024.
TFC Trading at 4.17% from the 50-Day Moving Average
After a stumble in the market that brought TFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.05% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares surge +3.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.44% upper at present.
During the last 5 trading sessions, TFC fell by -2.28%, which changed the moving average for the period of 200-days by +21.50% in comparison to the 20-day moving average, which settled at $37.21. In addition, Truist Financial Corporation saw 3.17% 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 TFC starting from Boyer K. David Jr., who sale 3,764 shares at the price of $37.48 back on Mar 07 ’24. After this action, Boyer K. David Jr. now owns 16,132 shares of Truist Financial Corporation, valued at $141,084 using the latest closing price.
ROGERS WILLIAM H JR, the Chairman & CEO of Truist Financial Corporation, purchase 10,000 shares at $28.05 during a trade that took place back on Oct 20 ’23, which means that ROGERS WILLIAM H JR is holding 412,924 shares at $280,480 based on the most recent closing price.
Stock Fundamentals for TFC
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 1.0 for the gross margin
The net margin for Truist Financial Corporation stands at -0.04. The total capital return value is set at 0.01. Equity return is now at value -1.82, with -0.20 for asset returns.
Based on Truist Financial Corporation (TFC), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.13. The debt to equity ratio resting at 1.08. The interest coverage ratio of the stock is 0.73.
Currently, EBITDA for the company is 665.0 million with net debt to EBITDA at -35.69. When we switch over and look at the enterprise to sales, we see a ratio of 3.47. The receivables turnover for the company is 1.9for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.
Conclusion
In summary, Truist Financial Corporation (TFC) has had a better performance as of late. Analysts have mixed 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.
