Citizens Financial Group Inc (NYSE: CFG) Now $22.77 Higher From Its Low (19.36), Does It Still Have A Growth Story?

money audit

Citizens Financial Group Inc (NYSE:CFG) currently has a daily average trading volume of 5.46M but it saw 6936301 shares traded in last market. With a market cap of 18.89B USD, the company’s current market price of $42.13 came falling about -0.66 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 $44.39 and as low as $22.77. In the recent trading on the day, stock has struck highest price mark of $41.58 while lowest mark touched by it was $42.47.

Taking a look at 20-day trading activity of Citizens Financial Group Inc (CFG) gives us an average price of $41.32, while its current price level is -5.09% below from 52-week high level whereas it is 85.02% 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 $41.21 while that of 200 days or SMA-200 reads an average of $36.45. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.43% during that period while stretching the period over a month that decreases to 2.37%. 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 55.12 which implies that the stock is in neutral territory.

Piper Sandler upgraded its recommendation for the stock as a “Overweight” from “Neutral” on April 26, 2024 while assigning a price target range of $35-$41. Citigroup issued its recommendations for the stock as it upgraded the price target for the stock is $36.

Over the week, CFG’s stock price is moving 2.01% up while it is 3.46% when we observe its performance for the past one month. Year-to-date it is 27.13% up and over the past year, the stock is showing an upside performance of 55.46%.

Currently, Citizens Financial Group Inc’s total number of outstanding shares is 466.42M. Company’s return on investment (ROI) stands at 2.99% and return on equity (ROE) at 5.43%. It has a price to earnings ratio (P/E ratio) of 16.54 while having a 10.84 of forward P/E ratio. Stock’s beta reads 1.33. Stock has a price to book (P/B) ratio of 0.82 while price to sale or P/S ratio amounts to 1.51. Its return on asset (ROA) is 0.58% on average.