The stock of Toronto Dominion Bank (TD) has gone up by 3.52% for the week, with a -2.71% drop in the past month and a -3.40% drop in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are 1.40% for TD. The simple moving average for the last 20 days is -0.17% for TD stock, with a simple moving average of -3.51% for the last 200 days.
Is It Worth Investing in Toronto Dominion Bank (NYSE: TD) Right Now?
Toronto Dominion Bank (NYSE: TD) has a price-to-earnings ratio that is above its average at 12.50x. The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for TD is 1.77B, and at present, short sellers hold a 1.47% of that float. On April 23, 2024, the average trading volume of TD was 2.93M shares.
TD) stock’s latest price update
Toronto Dominion Bank (NYSE: TD) has seen a rise in its stock price by 0.81 in relation to its previous close of 58.09. However, the company has experienced a 3.52% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that The future is unknowable, but you can put the odds on your side for the long run by sticking to high-quality compounders. “Higher for longer” or, more accurately, “this high for a while longer,” wins the day, at least based on March data. There are three primary drivers of economic growth in 2024.
TD Trading at -1.30% from the 50-Day Moving Average
After a stumble in the market that brought TD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -11.47% of loss for the given period.
Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares sank -1.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.88% lower at present.
During the last 5 trading sessions, TD rose by +3.52%, which changed the moving average for the period of 200-days by -3.89% in comparison to the 20-day moving average, which settled at $58.60. In addition, Toronto Dominion Bank saw -9.38% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TD
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 1.0 for the gross margin
The net margin for Toronto Dominion Bank stands at 0.17. The total capital return value is set at 0.03. Equity return is now at value 10.61, with 0.62 for asset returns.
Based on Toronto Dominion Bank (TD), the company’s capital structure generated 0.66 points at debt to capital in total, while cash flow to debt ratio is standing at -0.3. The debt to equity ratio resting at 1.97. The interest coverage ratio of the stock is 0.58.
Currently, EBITDA for the company is 15.86 billion with net debt to EBITDA at 5.73. When we switch over and look at the enterprise to sales, we see a ratio of 4.17. The receivables turnover for the company is 1.24for 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 0.46.
Conclusion
To sum up, Toronto Dominion Bank (TD) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
