Should You Sell Bank of Montreal (BMO) And Go Away This Year?

money audit

Bank of Montreal (NYSE:BMO) currently has a daily average trading volume of 672.69K but it saw 439280 shares traded in last market. With a market cap of 68.09B USD, the company’s current market price of $93.43 came rising about 0.64 while comparing to the previous closing price of $92.84. In past 52 weeks, the stock remained buoying in the range of price level as high as $106.00 and as low as $76.98. In the recent trading on the day, stock has struck highest price mark of $92.31 while lowest mark touched by it was $93.6943.

Taking a look at 20-day trading activity of Bank of Montreal (BMO) gives us an average price of $93.78, while its current price level is -11.86% below from 52-week high level whereas it is 21.37% 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 $97.24 while that of 200 days or SMA-200 reads an average of $92.79. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.62% during that period while stretching the period over a month that increases to 2.63%. 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 47.67 which implies that the stock is in neutral territory.

Over the week, BMO’s stock price is moving 5.00% up while it is -4.74% when we observe its performance for the past one month. Year-to-date it is -3.73% down and over the past year, the stock is showing an upside performance of 2.49%.

The company is expected to be releasing its next quarterly report on 2025-Feb-24, for which analysts forecasted an EPS of 2.51 while estimate for next year EPS is 11.47. In next quarter, company is expected to be making quarterly sales of $8.85B as analysts are expecting the sales for current fiscal year at $35.81B and seeing the company making $37.28B in sales next year. Moreover, analysts are in estimates of $8.72B for current-quarter revenue.

Currently, Bank of Montreal’s total number of outstanding shares is 728.76M with 0.03% of that held by the insiders while 54.19% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 6.55% and return on equity (ROE) at 10.01%. It has a price to earnings ratio (P/E ratio) of 12.14 while having a 10.11 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.24 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is 0.59% on average.