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Huntington Bancshares Incorporated (HBAN): Don’t ignore this Blaring Warning Signal

Let’s start up with the current stock price of Huntington Bancshares Incorporated (HBAN), which is $15.17 to be very precise. The Stock rose vividly during the last session to $15.23 after opening rate of $15.09 while the lowest price it went was recorded $15.07 before closing at $15.15.Recently in News on November 3, 2022, HUNTINGTON BANCSHARES INCORPORATED INCREASES ITS PRIME RATE TO 7 PERCENT. Huntington Bancshares Incorporated (Nasdaq: HBAN) announced that its prime rate is increasing from 6.25 percent to 7 percent, effective November 3, 2022. You can read further details here

Huntington Bancshares Incorporated had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $17.79 on 01/18/22, with the lowest value was $11.67 for the same time period, recorded on 07/01/22.

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Huntington Bancshares Incorporated (HBAN) full year performance was -7.50%

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, Huntington Bancshares Incorporated shares are logging -14.73% during the 52-week period from high price, and 29.99% 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 $11.67 and $17.79.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 6720586 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 Huntington Bancshares Incorporated (HBAN) recorded performance in the market was -1.62%, having the revenues showcasing 8.28% 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 21.72B, as it employees total of 19997 workers.

Market experts do have their say about Huntington Bancshares Incorporated (HBAN)

During the last month, 5 analysts gave the Huntington Bancshares Incorporated a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 10 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 3 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 13.82, with a change in the price was noted +3.04. In a similar fashion, Huntington Bancshares Incorporated posted a movement of +25.06% for the period of last 100 days, recording 15,783,776 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 HBAN is recording 0.50 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.50.

Technical breakdown of Huntington Bancshares Incorporated (HBAN)

Raw Stochastic average of Huntington Bancshares Incorporated in the period of last 50 days is set at 85.47%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 55.79%. In the last 20 days, the company’s Stochastic %K was 47.83% and its Stochastic %D was recorded 43.66%.

Bearing in mind the latest performance of Huntington Bancshares Incorporated, several 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 -1.62%. Additionally, trading for the stock in the period of the last six months notably improved by 11.22%, alongside a downfall of -7.50% for the period of the last 12 months. The shares increased approximately by 1.81% in the 7-day charts and went down by 2.22% in the period of the last 30 days. Common stock shares were driven by 8.28% during last recorded quarter.

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