Royal Bank Of Canada (NYSE: RY)’s stock price has plunge by 0.79relation to previous closing price of 121.47. Nevertheless, the company has seen a -1.30% plunge in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-17 that Every month we screen for potential dividend growth opportunities, which can provide some new potential ideas that could otherwise slip by. While we look for more consistent dividend growers with relatively higher yields, we also include safety in terms of earnings stability or growth potential in the screening process. We look at five of those that screen the highest based on yield, and this month, we have two new names that haven’t made the discussion portion before.
Is It Worth Investing in Royal Bank Of Canada (NYSE: RY) Right Now?
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 7 analysts rating it as a “buy,” 5 rating it as “overweight,” 4 as “hold,” and 1 as “sell.”
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The public float for RY is 1.41B, and currently, shorts hold a 1.18% of that float. The average trading volume for RY on November 19, 2024 was 1.08M shares.
RY’s Market Performance
The stock of Royal Bank Of Canada (RY) has seen a -1.30% decrease in the past week, with a -2.87% drop in the past month, and a 8.75% gain in the past quarter. The volatility ratio for the week is 1.08%, and the volatility levels for the past 30 days are at 1.22% for RY. The simple moving average for the last 20 days is -0.61% for RY stock, with a simple moving average of 11.90% for the last 200 days.
RY Trading at -0.75% 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 unable to rebound, for now settling with -3.56% of loss for the given period.
Volatility was left at 1.22%, however, over the last 30 days, the volatility rate increased by 1.08%, as shares sank -2.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.45% lower at present.
During the last 5 trading sessions, RY fell by -1.30%, which changed the moving average for the period of 200-days by +25.65% in comparison to the 20-day moving average, which settled at $123.19. In addition, Royal Bank Of Canada saw 21.06% 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:
- 0.04 for the present operating margin
- 1.21 for the gross margin
The net margin for Royal Bank Of Canada stands at 0.17. The total capital return value is set at 0.0. Equity return is now at value 13.54, with 0.79 for asset returns.
Based on Royal Bank Of Canada (RY), the company’s capital structure generated 0.78 points at debt to capital in total, while cash flow to debt ratio is standing at 0.01. The debt to equity ratio resting at 3.59. The interest coverage ratio of the stock is 0.07.
When we switch over and look at the enterprise to sales, we see a ratio of 6.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.66.
Conclusion
In conclusion, Royal Bank Of Canada (RY) has had a mixed 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.
