TC Energy Corporation (TRP) At $50.23 Offering A Unique Opportunity

TC Energy Corporation (NYSE:TRP) currently has a daily average trading volume of 2.60M but it saw 2521361 shares traded in last market. With a market cap of 72.87B USD, the company’s current market price of $50.23 came rising about 2.07 while comparing to the previous closing price of $49.21. In past 52 weeks, the stock remained buoying in the range of price level as high as $50.22 and as low as $31.84. In the recent trading on the day, stock has struck highest price mark of $49.06 while lowest mark touched by it was $50.2916.

Taking a look at 20-day trading activity of TC Energy Corporation (TRP) gives us an average price of $48.21, while its current price level is 0.02% below from 52-week high level whereas it is 57.74% 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 $46.07 while that of 200 days or SMA-200 reads an average of $38.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.13% during that period while stretching the period over a month that decreases to 1.93%. 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 66.16 which implies that the stock is in neutral territory.

Over the week, TRP’s stock price is moving 2.82% up while it is 6.96% when we observe its performance for the past one month. Year-to-date it is 41.03% up and over the past year, the stock is showing an upside performance of 49.12%.

Currently, TC Energy Corporation’s total number of outstanding shares is 1.04B. Company’s return on investment (ROI) stands at 5.15% and return on equity (ROE) at 16.07%. It has a price to earnings ratio (P/E ratio) of 13.94 while having a 18.53 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 2.52 while price to sale or P/S ratio amounts to 6.29. Its return on asset (ROA) is 3.99% on average.