In the past week, TFC stock has gone down by -0.31%, with a monthly decline of -1.76% and a quarterly surge of 10.82%. The volatility ratio for the week is 1.92%, and the volatility levels for the last 30 days are 1.98% for Truist Financial Corporation. The simple moving average for the past 20 days is 0.75% for TFC’s stock, with a 9.12% simple moving average for the past 200 days.
Is It Worth Investing in Truist Financial Corporation (NYSE: TFC) Right Now?
Moreover, the 36-month beta value for TFC is 1.04. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 4 as “overweight,” 14 as “hold,” and 0 as “sell.”
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The public float for TFC is 1.34B and currently, short sellers hold a 1.22% of that float. On October 07, 2024, TFC’s average trading volume was 7.46M shares.
TFC) stock’s latest price update
Truist Financial Corporation (NYSE: TFC)’s stock price has soared by 2.17 in relation to previous closing price of 41.49. Nevertheless, the company has seen a loss of -0.31% in its stock price over the last five trading days. marketbeat.com reported 2024-10-02 that High-yield dividend stocks are returning to the spotlight as interest rates descend from record highs following the Federal Reserve’s recent 50-basis-point rate cut. With analysts increasingly bullish on certain large-cap names, there’s a compelling case for investors to consider adding these income-generating stocks to their portfolios.
Analysts’ Opinion of TFC
Citigroup, on the other hand, stated in their research note that they expect to see TFC reach a price target of $47, previously predicting the price at $45. The rating they have provided for TFC stocks is “Neutral” according to the report published on July 24th, 2024.
Robert W. Baird gave a rating of “Neutral” to TFC, setting the target price at $45 in the report published on July 17th of the current year.
TFC Trading at -0.55% from the 50-Day Moving Average
After a stumble in the market that brought TFC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.44% of loss for the given period.
Volatility was left at 1.98%, however, over the last 30 days, the volatility rate increased by 1.92%, as shares surge +0.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.92% lower at present.
During the last 5 trading sessions, TFC fell by -0.31%, which changed the moving average for the period of 200-days by +16.65% in comparison to the 20-day moving average, which settled at $42.09. In addition, Truist Financial Corporation saw 14.82% 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 TFC starting from Weaver David Hudson, who proposed sale 5,000 shares at the price of $41.92 back on Aug 14 ’24. After this action, Weaver David Hudson now owns shares of Truist Financial Corporation, valued at $209,614 using the latest closing price.
Powell Cynthia B, the Corp. Controller, Exec VP of Truist Financial Corporation, sale 6,688 shares at $44.14 during a trade that took place back on Jul 25 ’24, which means that Powell Cynthia B is holding 0 shares at $295,208 based on the most recent closing price.
Stock Fundamentals for TFC
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.85 for the gross margin
The net margin for Truist Financial Corporation stands at -0.08. The total capital return value is set at 0.0. Equity return is now at value -10.53, with -1.25 for asset returns.
Based on Truist Financial Corporation (TFC), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.1. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is 0.02.
Currently, EBITDA for the company is 665.0 million with net debt to EBITDA at 10.2. When we switch over and look at the enterprise to sales, we see a ratio of 3.32. The receivables turnover for the company is 1.92for 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 wrap up, the performance of Truist Financial Corporation (TFC) has been mixed in recent times. The stock has received a bullish 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.
