Let’s start up with the current stock price of Truist Financial Corporation (TFC), which is $47.19 to be very precise. The Stock rose vividly during the last session to $47.65 after opening rate of $46.51 while the lowest price it went was recorded $46.50 before closing at $46.33.
Recently in News on November 12, 2020, Truist Awards $2.5 Million Grant to TechSoup COVID Recovery Fund. Funding to underwrite nonprofit tech costs during COVID-19 pandemic and expand digital transformation efforts to move small nonprofits to the cloud. You can read further details here
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Truist Financial Corporation had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $56.68 on 01/02/20, with the lowest value was $24.01 for the same time period, recorded on 03/16/20.
Truist Financial Corporation (TFC) full year performance was -13.57%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Truist Financial Corporation shares are logging -17.09% during the 52-week period from high price, and 96.54% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $24.01 and $56.92.
The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 4783113 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Truist Financial Corporation (TFC) recorded performance in the market was -16.21%, having the revenues showcasing 21.81% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 62.46B, as it employees total of 59000 workers.
Analysts verdict on Truist Financial Corporation (TFC)
During the last month, 12 analysts gave the Truist Financial Corporation a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 39.43, with a change in the price was noted +9.53. In a similar fashion, Truist Financial Corporation posted a movement of +25.31% for the period of last 100 days, recording 5,187,134 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for TFC is recording 0.65 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.65.
Truist Financial Corporation (TFC): Technical Analysis
Raw Stochastic average of Truist Financial Corporation in the period of last 50 days is set at 82.97%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 73.84%. In the last 20 days, the company’s Stochastic %K was 76.49% and its Stochastic %D was recorded 83.26%.
Let’s take a glance in the erstwhile performances of Truist Financial Corporation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -16.21%. Additionally, trading for the stock in the period of the last six months notably improved by 38.18%, alongside a downfall of -13.57% for the period of the last 12 months. The shares increased approximately by 9.77% in the 7-day charts and went down by 12.06% in the period of the last 30 days. Common stock shares were driven by 21.81% during last recorded quarter.