With 1.41B Outstanding Shares, Can Royal Bank Of Canada (NYSE: RY) Deliver Big Short-Term Gains?

Royal Bank Of Canada (NYSE:RY) currently has a daily average trading volume of 994.28K but it saw 788041 shares traded in last market. With a market cap of 174.45B USD, the company’s current market price of $123.53 came falling about -1.32 while comparing to the previous closing price of $125.18. In past 52 weeks, the stock remained buoying in the range of price level as high as $126.96 and as low as $77.90. In the recent trading on the day, stock has struck highest price mark of $122.83 while lowest mark touched by it was $124.65.

Taking a look at 20-day trading activity of Royal Bank Of Canada (RY) gives us an average price of $123.79, while its current price level is -2.70% below from 52-week high level whereas it is 58.58% 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 $121.33 while that of 200 days or SMA-200 reads an average of $107.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.14% during that period while stretching the period over a month that increases to 1.20%. 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 51.18 which implies that the stock is in neutral territory.

Over the week, RY’s stock price is moving -2.32% down while it is -0.02% when we observe its performance for the past one month. Year-to-date it is 22.15% up and over the past year, the stock is showing an upside performance of 53.66%.

Currently, Royal Bank Of Canada’s total number of outstanding shares is 1.41B. Company’s return on investment (ROI) stands at 8.37% and return on equity (ROE) at 13.54%. It has a price to earnings ratio (P/E ratio) of 14.95 while having a 13.13 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 2.10 while price to sale or P/S ratio amounts to 1.82. Its return on asset (ROA) is 0.79% on average.