Toronto Dominion Bank (TD): A Technical Analysis

Toronto Dominion Bank (NYSE: TD) has a higher price-to-earnings ratio of 17.99x compared to its average ratio. TD has 36-month beta value of 0.81. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”

The public float for TD is 1.74B, and currently, short sellers hold a 1.84% ratio of that float. The average trading volume of TD on December 04, 2024 was 2.68M shares.

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TD) stock’s latest price update

Toronto Dominion Bank (NYSE: TD)’s stock price has soared by 0.09 in relation to previous closing price of 56.20. Nevertheless, the company has seen a gain of 0.73% in its stock price over the last five trading days. accesswire.com reported 2024-12-03 that NEW YORK, NY / ACCESSWIRE / December 3, 2024 / If you suffered a loss on your The Toronto-Dominion Bank (NYSE:TD) investment and want to learn about a potential recovery under the federal securities laws, follow the link below for more information: https://zlk.com/pslra-1/the-toronto-dominion-bank-lawsuit-submission-form?prid=114631&wire=1 or contact Joseph E. Levi, Esq.

TD’s Market Performance

Toronto Dominion Bank (TD) has experienced a 0.73% rise in stock performance for the past week, with a 2.29% rise in the past month, and a -4.93% drop in the past quarter. The volatility ratio for the week is 1.22%, and the volatility levels for the past 30 days are at 1.27% for TD. The simple moving average for the last 20 days is 0.04% for TD’s stock, with a simple moving average of -3.12% for the last 200 days.

TD Trading at -3.03% 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 -13.62% of loss for the given period.

Volatility was left at 1.27%, however, over the last 30 days, the volatility rate increased by 1.22%, as shares surge +2.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.94% lower at present.

During the last 5 trading sessions, TD rose by +0.73%, which changed the moving average for the period of 200-days by -6.16% in comparison to the 20-day moving average, which settled at $56.23. In addition, Toronto Dominion Bank saw -12.95% 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 0.04. 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 5.34. 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

To put it simply, Toronto Dominion Bank (TD) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as 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.

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