In the past week, PRU stock has gone up by 0.07%, with a monthly decline of -1.60% and a quarterly surge of 0.71%. The volatility ratio for the week is 1.40%, and the volatility levels for the last 30 days are 1.55% for Prudential Financial Inc. The simple moving average for the last 20 days is 0.80% for PRU’s stock, with a simple moving average of 11.10% for the last 200 days.
Is It Worth Investing in Prudential Financial Inc. (NYSE: PRU) Right Now?
The price-to-earnings ratio for Prudential Financial Inc. (NYSE: PRU) is 19.89x, which is above its average ratio. Moreover, the 36-month beta value for PRU is 1.33. Analysts have varying opinions on the stock, with 5 analysts rating it as a “buy,” 2 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for PRU is 358.31M and currently, short sellers hold a 1.30% of that float. On July 04, 2024, PRU’s average trading volume was 1.40M shares.
PRU) stock’s latest price update
Prudential Financial Inc. (NYSE: PRU) has experienced a decline in its stock price by -0.72 compared to its previous closing price of 118.55. However, the company has seen a gain of 0.07% in its stock price over the last five trading days. businesswire.com reported 2024-07-03 that WESTLAKE VILLAGE, Calif.–(BUSINESS WIRE)–PennyMac Mortgage Investment Trust (NYSE: PMT) announced today the pricing of a private offering of secured term notes (the “Notes”) in an aggregate principal amount of $355 million issued by the Company’s indirect subsidiary, PMT ISSUER TRUST – FMSR. The Notes mature on December 27, 2027 and were priced at SOFR + 2.75%. The majority of the Notes were placed with funds and accounts managed by PGIM Fixed Income, a Prudential Financial (NYSE: PRU) compan.
Analysts’ Opinion of PRU
Many brokerage firms have already submitted their reports for PRU stocks, with Jefferies repeating the rating for PRU by listing it as a “Buy.” The predicted price for PRU in the upcoming period, according to Jefferies is $143 based on the research report published on May 22, 2024 of the current year 2024.
JP Morgan gave a rating of “Neutral” to PRU, setting the target price at $118 in the report published on January 03rd of the current year.
PRU Trading at 1.12% from the 50-Day Moving Average
After a stumble in the market that brought PRU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.04% of loss for the given period.
Volatility was left at 1.55%, however, over the last 30 days, the volatility rate increased by 1.40%, as shares surge +0.48% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.35% upper at present.
During the last 5 trading sessions, PRU rose by +0.79%, which changed the moving average for the period of 200-days by +20.12% in comparison to the 20-day moving average, which settled at $116.80. In addition, Prudential Financial Inc. saw 13.49% 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 PRU starting from PRUDENTIAL INSURANCE CO OF AME, who purchase 652,884 shares at the price of $27.57 back on Jun 20 ’24. After this action, PRUDENTIAL INSURANCE CO OF AME now owns 3,883,390 shares of Prudential Financial Inc., valued at $18,000,000 using the latest closing price.
FALZON ROBERT, the EVP and Vice Chairman of Prudential Financial Inc., sale 130,092 shares at $118.57 during a trade that took place back on May 13 ’24, which means that FALZON ROBERT is holding 202,083 shares at $15,425,008 based on the most recent closing price.
Stock Fundamentals for PRU
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 1.0 for the gross margin
The net margin for Prudential Financial Inc. stands at 0.04. The total capital return value is set at 0.0. Equity return is now at value 7.30, with 0.30 for asset returns.
Based on Prudential Financial Inc. (PRU), the company’s capital structure generated 0.5 points at debt to capital in total, while cash flow to debt ratio is standing at 0.38. The debt to equity ratio resting at 1.02. The interest coverage ratio of the stock is 1.06.
Currently, EBITDA for the company is -116.0 million with net debt to EBITDA at -7.61. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 2.05for trailing twelve months and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.10.
Conclusion
To wrap up, the performance of Prudential Financial Inc. (PRU) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
