The stock of T. Rowe Price Group Inc. (TROW) has seen a -1.61% decrease in the past week, with a -0.90% drop in the past month, and a 9.74% flourish in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 1.86% for TROW. The simple moving average for the past 20 days is -1.15% for TROW’s stock, with a 7.60% simple moving average for the past 200 days.
Is It Worth Investing in T. Rowe Price Group Inc. (NASDAQ: TROW) Right Now?
T. Rowe Price Group Inc. (NASDAQ: TROW) has a higher price-to-earnings ratio of 15.02x compared to its average ratio. TROW has 36-month beta value of 1.40. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 3 as “sell.”
The public float for TROW is 218.63M, and currently, short sellers hold a 5.19% ratio of that float. The average trading volume of TROW on April 11, 2024 was 1.40M shares.
TROW) stock’s latest price update
The stock price of T. Rowe Price Group Inc. (NASDAQ: TROW) has plunged by -2.57 when compared to previous closing price of 119.65, but the company has seen a -1.61% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-08 that T. Rowe (TROW) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with TD Cowen repeating the rating for TROW by listing it as a “Hold.” The predicted price for TROW in the upcoming period, according to TD Cowen is $114 based on the research report published on April 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see TROW reach a price target of $105, previously predicting the price at $95. The rating they have provided for TROW stocks is “Underweight” according to the report published on January 08th, 2024.
TD Cowen gave a rating of “Underperform” to TROW, setting the target price at $88 in the report published on January 04th of the current year.
TROW Trading at 2.37% from the 50-Day Moving Average
After a stumble in the market that brought TROW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.19% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -1.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.42% upper at present.
During the last 5 trading sessions, TROW fell by -1.61%, which changed the moving average for the period of 200-days by +9.64% in comparison to the 20-day moving average, which settled at $117.87. In addition, T. Rowe Price Group Inc. saw 8.26% 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 TROW starting from HRABOWSKI FREEMAN A III, who sale 8,740 shares at the price of $118.32 back on Mar 08 ’24. After this action, HRABOWSKI FREEMAN A III now owns 21,073 shares of T. Rowe Price Group Inc., valued at $1,034,147 using the latest closing price.
Hiebler Jessica M, the Principal Accounting Officer of T. Rowe Price Group Inc., sale 1,138 shares at $107.13 during a trade that took place back on Feb 09 ’24, which means that Hiebler Jessica M is holding 14,113 shares at $121,913 based on the most recent closing price.
Stock Fundamentals for TROW
Current profitability levels for the company are sitting at:
- 0.29 for the present operating margin
- 0.82 for the gross margin
The net margin for T. Rowe Price Group Inc. stands at 0.28. The total capital return value is set at 0.16. Equity return is now at value 19.02, with 14.47 for asset returns.
Based on T. Rowe Price Group Inc. (TROW), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at 10.58. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 0.91.
Currently, EBITDA for the company is 1.99 billion with net debt to EBITDA at -0.88. When we switch over and look at the enterprise to sales, we see a ratio of 3.78. The receivables turnover for the company is 10.51for trailing twelve months and the total asset turnover is 0.53.
Conclusion
To put it simply, T. Rowe Price Group Inc. (TROW) has had a mixed 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
