Truist Financial Corporation (NYSE:TFC) currently has a daily average trading volume of 8.13M but it saw 8761655 shares traded in last market. With a market cap of 57.23B USD, the company’s current market price of $43.11 came falling about -4.48 while comparing to the previous closing price of $45.13. In past 52 weeks, the stock remained buoying in the range of price level as high as $49.06 and as low as $34.23. In the recent trading on the day, stock has struck highest price mark of $43.07 while lowest mark touched by it was $45.44.
Taking a look at 20-day trading activity of Truist Financial Corporation (TFC) gives us an average price of $46.51, while its current price level is -12.12% below from 52-week high level whereas it is 25.94% 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 $45.13 while that of 200 days or SMA-200 reads an average of $41.09. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.36% during that period while stretching the period over a month that decreases to 2.06%. 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 31.11 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 -5.58% down while it is -7.86% when we observe its performance for the past one month. Year-to-date it is 16.77% up and over the past year, the stock is showing an upside performance of 18.63%.
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 10.93 of forward P/E ratio. Stock’s beta reads 1.05. Stock has a price to book (P/B) ratio of 0.97 while price to sale or P/S ratio amounts to 2.28. Its return on asset (ROA) is -1.21% on average.
