In the past week, TD stock has gone down by -0.55%, with a monthly decline of -1.48% and a quarterly plunge of -6.58%. The volatility ratio for the week is 1.11%, and the volatility levels for the last 30 days are 1.26% for Toronto Dominion Bank The simple moving average for the past 20 days is -0.49% for TD’s stock, with a -4.08% simple moving average for the past 200 days.
Is It Worth Investing in Toronto Dominion Bank (NYSE: TD) Right Now?
Toronto Dominion Bank (NYSE: TD) has a higher price-to-earnings ratio of 17.86x compared to its average ratio, The 36-month beta value for TD is at 0.81. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for TD is 1.74B, and currently, shorts hold a 1.84% of that float. The average trading volume for TD on November 20, 2024 was 2.64M shares.
TD) stock’s latest price update
Toronto Dominion Bank (NYSE: TD)’s stock price has plunge by -0.78relation to previous closing price of 56.27. Nevertheless, the company has seen a -0.55% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-19 that NEW ORLEANS, Nov. 19, 2024 (GLOBE NEWSWIRE) — Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until December 23, 2024 to file lead plaintiff applications in a securities class action lawsuit against The Toronto-Dominion Bank (“TD” or the “Company”) (NYSE: TD), if they purchased the Company’s securities between February 29, 2024 to October 9, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
TD Trading at -5.77% 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 -14.27% of loss for the given period.
Volatility was left at 1.26%, however, over the last 30 days, the volatility rate increased by 1.11%, as shares sank -2.51% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.58% lower at present.
During the last 5 trading sessions, TD fell by -0.55%, which changed the moving average for the period of 200-days by -5.69% in comparison to the 20-day moving average, which settled at $56.10. In addition, Toronto Dominion Bank saw -13.60% 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
- 1.19 for the gross margin
The net margin for Toronto Dominion Bank stands at 0.09. 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 0.79 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 3.79. The interest coverage ratio of the stock is 0.08.
When we switch over and look at the enterprise to sales, we see a ratio of 6.38. The receivables turnover for the company is 1.6for 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 0.48.
Conclusion
In conclusion, Toronto Dominion Bank (TD) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. 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.
