Prudential Financial Inc. (NYSE: PRU): Retirees Don’t Worry About Volatility

Prudential Financial Inc. (NYSE:PRU) currently has a daily average trading volume of 1.47M but it saw 1091649 shares traded in last market. With a market cap of 42.94B USD, the company’s current market price of $119.60 came rising about 0.61 while comparing to the previous closing price of $118.88. In past 52 weeks, the stock remained buoying in the range of price level as high as $119.60 and as low as $77.97.

Taking a look at 20-day trading activity of Prudential Financial Inc. (PRU) gives us an average price of $113.84, while its current price level is 0.00% below from 52-week high level whereas it is 53.39% 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 $113.50 while that of 200 days or SMA-200 reads an average of $102.29. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.10% during that period while stretching the period over a month that increases to 1.52%. 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 68.20 which implies that the stock is in neutral territory.

JP Morgan downgraded its recommendation for the stock as a “Neutral” from “Overweight” on January 03, 2024 while assigning a price target range of $119-$118. Deutsche Bank issued its recommendations for the stock as it initiated the price target for the stock is $99.

Over the week, PRU’s stock price is moving 2.49% up while it is 11.16% when we observe its performance for the past one month. Year-to-date it is 15.32% up and over the past year, the stock is showing an upside performance of 50.63%.

Currently, Prudential Financial Inc.’s total number of outstanding shares is 359.22M. Company’s return on investment (ROI) stands at 4.48% and return on equity (ROE) at 7.30%. It has a price to earnings ratio (P/E ratio) of 20.21 while having a 8.16 of forward P/E ratio. Stock’s beta reads 1.34. Stock has a price to book (P/B) ratio of 1.58 while price to sale or P/S ratio amounts to 0.73. Its return on asset (ROA) is 0.30% on average.