E*TRADE Financial Corporation (NASDAQ:ETFC) currently has a daily average trading volume of 2.27M but it saw 2094087 shares traded on Thursday. With a market cap of 11.99B USD. Stock’s current market price of $54.51 came rising about 1.58 while comparing to the previous closing price of $53.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $57.30 and as low as $25.76. In the recent trading on the day, stock has struck highest price mark of $54.81 while lowest mark touched by it was $53.64.
Taking a look at 20-day trading activity of E*TRADE Financial Corporation (ETFC) gives us an average price of $53.02, while its current price level is -4.87% below from 52-week high level whereas it is 111.61% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $51.76 while that of 200 days or SMA-200 reads an average of $45.04. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.92% during that period while stretching the period over a month that increases to 1.92%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 60.29 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the UBS which upgraded the stock as “Buy” in its note to investors issued on October 07, 2019, recommending a price target of between $45 and $41 for it. Wells Fargo downgraded its recommendation for the stock as a “Market Perform” from “Outperform” on October 03, 2019 while assigning a price target of . Barclays issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $56 and $31.
Over the week, ETFC’s stock price is moving 3.43% up while it is 4.36% when we observe its performance for the past one month. Year-to-date it is 20.15% up and over the past year, the stock is showing an upside performance of 35.39%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of $0.88 beat the consensus estimate of $0.76 for the same. The company is expected to be releasing its next quarterly report in 10/15/2020, for which analysts forecasted an EPS of $0.71 while estimate for next year EPS is $3.06. For ETFC, analysts are forecasting an EPS-growth rate of -20.50% for current year and estimate for EPS growth in next year is -11.80%. In next quarter, company is expected to be making quarterly sales of $653.1 million as analysts are expecting the sales for current fiscal year at $2.74 billion and seeing the company making $2.57 billion in sales next year. Moreover, analysts are in estimates of $678.92 million for current-quarter revenue.
Currently, E*TRADE Financial Corporation’s total number of outstanding shares is 222.30M with 0.85% of that held by the insiders while 95.42% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.10% and return on equity (ROE) at 15.40%. It has a price to earnings ratio (P/E ratio) of 15.82 while having a 20.19 of forward P/E ratio. Stock’s beta reads 1.25. Stock has a price to book (P/B) ratio of 2.08 while price to sale or P/S ratio amounts to 3.92. Its return on asset (ROA) is 1.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by -0.06% in the E*TRADE Financial Corporation (ETFC) decreasing its stake to 2.85% with control over 3598.0 shares in the company. As per SEC documents, Vanguard Total Stock Market Index shunned 6,301,356 of company’s common stock of worth $319.92 million as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in E*TRADE Financial Corporation, as Vanguard Mid Cap Index Fund dumped 5,428,956 shares of worth $275.63 million to bring its holdings to a total of 38020.0 shares. In the most recent quarter, T Rowe Price Value Fund came rising its stake by 56.80% in the company and now holds 4.86 million or 2.20% of the company’s stake having worth of about 246.89 million.