The stock of T. Rowe Price Group Inc (TROW) has gone up by 8.50% for the week, with a 13.80% rise in the past month and a 15.71% rise in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are 2.04% for TROW. The simple moving average for the past 20 days is 8.16% for TROW’s stock, with a 8.01% simple moving average for the past 200 days.
Is It Worth Investing in T. Rowe Price Group Inc (NASDAQ: TROW) Right Now?
T. Rowe Price Group Inc (NASDAQ: TROW) has a price-to-earnings ratio of 13.28x that is above its average ratio. Additionally, the 36-month beta value for TROW is 1.42. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 3 rating it as “sell.”
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The public float for TROW is 217.17M and currently, short sellers hold a 5.32% ratio of that float. The average trading volume of TROW on November 07, 2024 was 1.12M shares.
TROW) stock’s latest price update
T. Rowe Price Group Inc (NASDAQ: TROW)’s stock price has increased by 5.93 compared to its previous closing price of 114.52. However, the company has seen a 8.50% increase in its stock price over the last five trading sessions. zacks.com reported 2024-11-05 that T. Rowe Price (TROW) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TROW broke through the 200-day moving average, which suggests a long-term bullish trend.
Analysts’ Opinion of TROW
Many brokerage firms have already submitted their reports for TROW stocks, with Wells Fargo repeating the rating for TROW by listing it as a “Equal Weight.” The predicted price for TROW in the upcoming period, according to Wells Fargo is $109 based on the research report published on September 12, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see TROW reach a price target of $99. The rating they have provided for TROW stocks is “Underweight” according to the report published on August 27th, 2024.
Keefe Bruyette gave a rating of “Mkt Perform” to TROW, setting the target price at $120 in the report published on April 11th of the current year.
TROW Trading at 11.48% from the 50-Day Moving Average
After a stumble in the market that brought TROW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -0.79% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares surge +12.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.43% upper at present.
During the last 5 trading sessions, TROW rose by +8.50%, which changed the moving average for the period of 200-days by +10.52% in comparison to the 20-day moving average, which settled at $112.16. In addition, T. Rowe Price Group Inc saw 12.65% 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 TROW starting from Hiebler Jessica M, who sale 484 shares at the price of $104.73 back on Sep 13 ’24. After this action, Hiebler Jessica M now owns 13,939 shares of T. Rowe Price Group Inc, valued at $50,689 using the latest closing price.
Hiebler Jessica M, the Officer of T. Rowe Price Group Inc, proposed sale 484 shares at $104.56 during a trade that took place back on Sep 13 ’24, which means that Hiebler Jessica M is holding shares at $50,607 based on the most recent closing price.
Stock Fundamentals for TROW
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.84 for the gross margin
The net margin for T. Rowe Price Group Inc stands at 0.3. The total capital return value is set at 0.16. Equity return is now at value 20.78, with 15.55 for asset returns.
Based on T. Rowe Price Group Inc (TROW), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at 5.89.
Currently, EBITDA for the company is 2.52 billion with net debt to EBITDA at -1.03. When we switch over and look at the enterprise to sales, we see a ratio of 3.48. The receivables turnover for the company is 11.27for trailing twelve months and the total asset turnover is 0.5.
Conclusion
In conclusion, T. Rowe Price Group Inc (TROW) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
