TC Energy Corporation (NYSE: TRP) Increases 9.91% Over A Month, But Analysts Still See Upside Potential

money audit

TC Energy Corporation (NYSE:TRP) currently has a daily average trading volume of 2.69M but it saw 2517526 shares traded in last market. With a market cap of 71.84B USD, the company’s current market price of $49.68 came rising about 2.79 while comparing to the previous closing price of $48.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $48.35 and as low as $31.84. In the recent trading on the day, stock has struck highest price mark of $48.415 while lowest mark touched by it was $50.22.

Taking a look at 20-day trading activity of TC Energy Corporation (TRP) gives us an average price of $47.15, while its current price level is 2.75% below from 52-week high level whereas it is 56.01% 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 $44.66 while that of 200 days or SMA-200 reads an average of $38.14. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.19% during that period while stretching the period over a month that decreases to 1.79%. 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 76.08 which implies that the stock is in overbought territory.

Over the week, TRP’s stock price is moving 6.82% up while it is 9.91% when we observe its performance for the past one month. Year-to-date it is 39.49% up and over the past year, the stock is showing an upside performance of 51.84%.

Currently, TC Energy Corporation’s total number of outstanding shares is 1.04B. Company’s return on investment (ROI) stands at 3.84% and return on equity (ROE) at 10.91%. It has a price to earnings ratio (P/E ratio) of 20.42 while having a 18.12 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 2.55 while price to sale or P/S ratio amounts to 6.21. Its return on asset (ROA) is 2.85% on average.