Truist Financial Corporation (NYSE:TFC) currently has a daily average trading volume of 7.80M but it saw 5452234 shares traded in last market. With a market cap of 58.15B USD, the company’s current market price of $43.42 came falling about -0.05 while comparing to the previous closing price of $43.44. In past 52 weeks, the stock remained buoying in the range of price level as high as $45.31 and as low as $27.01. In the recent trading on the day, stock has struck highest price mark of $42.885 while lowest mark touched by it was $43.63.
Taking a look at 20-day trading activity of Truist Financial Corporation (TFC) gives us an average price of $42.83, while its current price level is -4.17% below from 52-week high level whereas it is 60.76% 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 $42.74 while that of 200 days or SMA-200 reads an average of $39.31. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.32% during that period while stretching the period over a month that decreases to 1.98%. 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 53.95 which implies that the stock is in neutral territory.
Citigroup downgraded its recommendation for the stock as a “Neutral” from “Buy” on July 24, 2024 while assigning a price target range of $45-$47. Robert W. Baird issued its recommendations for the stock as it downgraded the price target for the stock is $45.
Over the week, TFC’s stock price is moving 1.09% up while it is 4.05% when we observe its performance for the past one month. Year-to-date it is 17.61% up and over the past year, the stock is showing an upside performance of 57.55%.
Currently, Truist Financial Corporation’s total number of outstanding shares is 1.34B. Company’s return on investment (ROI) stands at -1.87% and return on equity (ROE) at -10.11%. It has a 10.98 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 0.98 while price to sale or P/S ratio amounts to 2.31. Its return on asset (ROA) is -1.21% on average.
