Citigroup Inc (NYSE: C) has a higher price-to-earnings ratio of 17.69x compared to its average ratio, The 36-month beta value for C is at 1.44. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
The public float for C is 1.90B, and currently, shorts hold a 1.53% of that float. The average trading volume for C on June 21, 2024 was 13.01M shares.
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C) stock’s latest price update
Citigroup Inc (NYSE: C)’s stock price has plunge by -1.19relation to previous closing price of 60.62. Nevertheless, the company has seen a -0.55% plunge in its stock price over the last five trading sessions. invezz.com reported 2024-06-21 that US banking regulators have rejected Citigroup’s ‘living will’, a plan designed to outline the bank’s strategy for orderly winding down in the event of a catastrophic failure. This decision marks a significant setback for Citigroup, which has been under regulatory pressure to enhance its risk controls for nearly four years.
C’s Market Performance
Citigroup Inc (C) has seen a -0.55% fall in stock performance for the week, with a -7.48% decline in the past month and a -2.33% plunge in the past quarter. The volatility ratio for the week is 2.12%, and the volatility levels for the past 30 days are at 1.98% for C. The simple moving average for the past 20 days is -2.54% for C’s stock, with a 14.23% simple moving average for the past 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 -2.80% 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 -7.82% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares sank -6.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.40% lower at present.
During the last 5 trading sessions, C fell by -0.48%, which changed the moving average for the period of 200-days by +44.92% in comparison to the 20-day moving average, which settled at $61.26. In addition, Citigroup Inc saw 16.45% 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.
Stock Fundamentals for C
Current profitability levels for the company are sitting at:
- 0.21 for the present operating margin
- 0.34 for the gross margin
The net margin for Citigroup Inc stands at 0.11. The total capital return value is set at 0.01. Equity return is now at value 3.76, with 0.32 for asset returns.
Based on Citigroup Inc (C), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at -0.05. The debt to equity ratio resting at 2.99. The interest coverage ratio of the stock is 0.18.
Currently, EBITDA for the company is 9.13 billion with net debt to EBITDA at 25.3. When we switch over and look at the enterprise to sales, we see a ratio of 6.62. The receivables turnover for the company is 1.13for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.49.
Conclusion
In conclusion, Citigroup Inc (C) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
