The stock of Citigroup Inc (NYSE: C) has increased by 1.30 when compared to last closing price of 69.84. Despite this, the company has experienced a 2.54% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-25 that Citigroup (C) reachead $70.75 at the closing of the latest trading day, reflecting a +1.3% change compared to its last close.
Is It Worth Investing in Citigroup Inc (NYSE: C) Right Now?
Citigroup Inc (NYSE: C) has a higher price-to-earnings ratio of 20.43x compared to its average ratio, The 36-month beta value for C is at 1.43. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 5 rating it as “overweight,” 10 as “hold,” and 1 as “sell.”
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The public float for C is 1.89B, and currently, shorts hold a 1.62% of that float. The average trading volume for C on November 26, 2024 was 13.37M shares.
C’s Market Performance
The stock of Citigroup Inc (C) has seen a 2.54% increase in the past week, with a 14.56% rise in the past month, and a 14.70% gain in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.89% for C. The simple moving average for the past 20 days is 4.90% for C’s stock, with a 14.61% simple moving average for the past 200 days.
Analysts’ Opinion of C
Many brokerage firms have already submitted their reports for C stocks, with Evercore ISI repeating the rating for C by listing it as a “In-line.” The predicted price for C in the upcoming period, according to Evercore ISI is $60 based on the research report published on April 04, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see C reach a price target of $80, previously predicting the price at $70. The rating they have provided for C stocks is “Overweight” according to the report published on March 25th, 2024.
Goldman gave a rating of “Buy” to C, setting the target price at $68 in the report published on March 14th of the current year.
C Trading at 9.59% from the 50-Day Moving Average
After a stumble in the market that brought C to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 0.78% of gains for the given period.
Volatility was left at 1.89%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +10.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.17% upper at present.
During the last 5 trading sessions, C rose by +2.54%, which changed the moving average for the period of 200-days by +31.04% in comparison to the 20-day moving average, which settled at $67.44. In addition, Citigroup Inc saw 37.54% 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 C starting from Henry Peter B., who sale 13,000 shares at the price of $69.97 back on Nov 11 ’24. After this action, Henry Peter B. now owns 3,023 shares of Citigroup Inc, valued at $909,675 using the latest closing price.
Peter B. Henry, the Director of Citigroup Inc, proposed sale 13,000 shares at $69.87 during a trade that took place back on Nov 12 ’24, which means that Peter B. Henry is holding shares at $908,355 based on the most recent closing price.
Stock Fundamentals for C
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.7 for the gross margin
The net margin for Citigroup Inc stands at 0.1. The total capital return value is set at 0.0. Equity return is now at value 3.73, with 0.32 for asset returns.
Based on Citigroup Inc (C), the company’s capital structure generated 0.59 points at debt to capital in total, while cash flow to debt ratio is standing at -0.03. The debt to equity ratio resting at 1.43. The interest coverage ratio of the stock is 0.12.
When we switch over and look at the enterprise to sales, we see a ratio of 9.6. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.52.
Conclusion
In conclusion, Citigroup Inc (C) has had a better 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.
