Royal Bank Of Canada (NYSE: RY) has a higher price-to-earnings ratio of 14.81x compared to its average ratio, The 36-month beta value for RY is at 0.85. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 as “hold,” and 1 as “sell.”
The public float for RY is 1.41B, and currently, shorts hold a 1.45% of that float. The average trading volume for RY on August 28, 2024 was 1.01M shares.
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RY) stock’s latest price update
Royal Bank Of Canada (NYSE: RY)’s stock price has increased by 2.50 compared to its previous closing price of 116.40. However, the company has seen a 5.64% increase in its stock price over the last five trading sessions. zacks.com reported 2024-08-28 that Royal Bank (RY) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $2.13 per share a year ago.
RY’s Market Performance
RY’s stock has risen by 5.64% in the past week, with a monthly rise of 7.35% and a quarterly rise of 16.00%. The volatility ratio for the week is 1.06% while the volatility levels for the last 30 days are 1.35% for Royal Bank Of Canada The simple moving average for the last 20 days is 7.63% for RY stock, with a simple moving average of 17.77% for the last 200 days.
RY Trading at 8.96% from the 50-Day Moving Average
After a stumble in the market that brought RY to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.29% of gains for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.06%, as shares surge +6.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.62% upper at present.
During the last 5 trading sessions, RY rose by +5.13%, which changed the moving average for the period of 200-days by +41.06% in comparison to the 20-day moving average, which settled at $111.20. In addition, Royal Bank Of Canada saw 17.98% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for RY
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 1.0 for the gross margin
The net margin for Royal Bank Of Canada stands at 0.17. The total capital return value is set at 0.01. Equity return is now at value 13.49, with 0.79 for asset returns.
Based on Royal Bank Of Canada (RY), the company’s capital structure generated 0.75 points at debt to capital in total, while cash flow to debt ratio is standing at 0.02. The debt to equity ratio resting at 2.94. The interest coverage ratio of the stock is 0.16.
Currently, EBITDA for the company is 21.33 billion with net debt to EBITDA at 22.25. When we switch over and look at the enterprise to sales, we see a ratio of 5.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.65.
Conclusion
In conclusion, Royal Bank Of Canada (RY) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
