Toronto Dominion Bank (NYSE: TD) has experienced a rise in its stock price by 0.89 compared to its previous closing price of 56.35. However, the company has seen a gain of 0.60% in its stock price over the last five trading days. accesswire.com reported 2024-10-21 that NEW YORK, NY / ACCESSWIRE / October 21, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of The Toronto-Dominion Bank (“The Toronto-Dominion Bank”) (NYSE:TD) concerning possible violations of federal securities laws. On October 10, 2024, TD Bank issued a press release announcing the resolution of the AML investigations into the company’s United States operations, culminating in consent orders with the Office of the Comptroller of Currency, the Federal Reserve Board, and the Financial Crimes Enforcement Network, as well as plea agreements with the Department of Justice.
Is It Worth Investing in Toronto Dominion Bank (NYSE: TD) Right Now?
The price-to-earnings ratio for Toronto Dominion Bank (NYSE: TD) is above average at 18.18x, Company’s 36-month beta value is 0.79.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for TD is 1.74B, and currently, short sellers hold a 1.06% ratio of that floaft. The average trading volume of TD on October 21, 2024 was 2.50M shares.
TD’s Market Performance
TD’s stock has seen a 0.60% increase for the week, with a -11.94% drop in the past month and a -2.07% fall in the past quarter. The volatility ratio for the week is 1.50%, and the volatility levels for the past 30 days are at 1.60% for Toronto Dominion Bank The simple moving average for the past 20 days is -6.52% for TD’s stock, with a -3.17% simple moving average for the past 200 days.
TD Trading at -6.17% from the 50-Day Moving Average
After a stumble in the market that brought TD to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.70% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.50%, as shares sank -10.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.32% lower at present.
During the last 5 trading sessions, TD rose by +0.62%, which changed the moving average for the period of 200-days by -11.30% in comparison to the 20-day moving average, which settled at $60.81. In addition, Toronto Dominion Bank saw -12.02% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for TD
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 1.0 for the gross margin
The net margin for Toronto Dominion Bank stands at 0.08. The total capital return value is set at 0.0. Equity return is now at value 7.18, with 0.42 for asset returns.
Based on Toronto Dominion Bank (TD), the company’s capital structure generated 0.68 points at debt to capital in total, while cash flow to debt ratio is standing at 0.07. The debt to equity ratio resting at 2.16. The interest coverage ratio of the stock is 0.09.
Currently, EBITDA for the company is 15.86 billion with net debt to EBITDA at 24.31. When we switch over and look at the enterprise to sales, we see a ratio of 2.74. The receivables turnover for the company is 1.9for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.48.
Conclusion
In a nutshell, Toronto Dominion Bank (TD) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
