TC Energy Corporation (TRP) At $43.05 Offering A Unique Opportunity

TC Energy Corporation (NYSE:TRP) currently has a daily average trading volume of 2.98M but it saw 2415540 shares traded in last market. With a market cap of 44.66B USD, the company’s current market price of $43.05 came rising about 1.51 while comparing to the previous closing price of $42.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $42.72 and as low as $32.51.

Taking a look at 20-day trading activity of TC Energy Corporation (TRP) gives us an average price of $40.35, while its current price level is 0.77% below from 52-week high level whereas it is 32.40% 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 $39.29 while that of 200 days or SMA-200 reads an average of $38.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.51% during that period while stretching the period over a month that increases to 1.59%. 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 79.36 which implies that the stock is in overbought territory.

Over the week, TRP’s stock price is moving 3.76% up while it is 14.04% when we observe its performance for the past one month. Year-to-date it is 10.13% up and over the past year, the stock is showing an upside performance of 20.79%.

Currently, TC Energy Corporation’s total number of outstanding shares is 1.04B. Company’s return on investment (ROI) stands at 2.98% and return on equity (ROE) at 8.68%. It has a price to earnings ratio (P/E ratio) of 22.24 while having a 13.90 of forward P/E ratio. Stock’s beta reads 0.84. Stock has a price to book (P/B) ratio of 2.19 while price to sale or P/S ratio amounts to 3.92. Its return on asset (ROA) is 2.27% on average.