Truist Financial Corporation (NYSE:TFC) currently has a daily average trading volume of 7.86M but it saw 13676983 shares traded in last market. With a market cap of 61.33B USD, the company’s current market price of $46.20 came falling about -1.70 while comparing to the previous closing price of $47.00. In past 52 weeks, the stock remained buoying in the range of price level as high as $47.03 and as low as $28.93. In the recent trading on the day, stock has struck highest price mark of $45.68 while lowest mark touched by it was $46.49.
Taking a look at 20-day trading activity of Truist Financial Corporation (TFC) gives us an average price of $43.52, while its current price level is -1.76% below from 52-week high level whereas it is 59.70% 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 $42.86 while that of 200 days or SMA-200 reads an average of $39.64. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.38% during that period while stretching the period over a month that decreases to 2.12%. 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 64.15 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 7.32% up while it is 8.37% when we observe its performance for the past one month. Year-to-date it is 25.14% up and over the past year, the stock is showing an upside performance of 51.38%.
Currently, Truist Financial Corporation’s total number of outstanding shares is 1.33B. Company’s return on investment (ROI) stands at -1.85% and return on equity (ROE) at -10.11%. It has a 11.70 of forward P/E ratio. Stock’s beta reads 1.04. Stock has a price to book (P/B) ratio of 1.04 while price to sale or P/S ratio amounts to 2.44. Its return on asset (ROA) is -1.21% on average.
