The 36-month beta value for TFC is also noteworthy at 1.04. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 4 rating it as “overweight,” 14 rating it as “hold,” and 0 rating it as “sell.”
The public float for TFC is 1.34B, and at present, short sellers hold a 1.00% of that float. The average trading volume of TFC on October 11, 2024 was 7.51M shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
TFC) stock’s latest price update
The stock price of Truist Financial Corporation (NYSE: TFC) has jumped by 2.07 compared to previous close of 42.49. Despite this, the company has seen a gain of 2.31% in its stock price over the last five trading days. zacks.com reported 2024-10-10 that Truist Financial (TFC) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
TFC’s Market Performance
TFC’s stock has risen by 2.31% in the past week, with a monthly rise of 4.18% and a quarterly rise of 4.76%. The volatility ratio for the week is 1.62% while the volatility levels for the last 30 days are 1.76% for Truist Financial Corporation The simple moving average for the last 20 days is 2.68% for TFC’s stock, with a simple moving average of 11.13% for the last 200 days.
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 2.27% 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 -4.28% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +3.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.07% lower at present.
During the last 5 trading sessions, TFC rose by +2.19%, which changed the moving average for the period of 200-days by +16.73% in comparison to the 20-day moving average, which settled at $42.24. In addition, Truist Financial Corporation saw 17.47% 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 3.38. 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
In summary, Truist Financial Corporation (TFC) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.
