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Royal Bank of Canada (RY): The stock ticks all the boxes for top investors

For the readers interested in the stock health of Royal Bank of Canada (RY). It is currently valued at $100.12. When the transactions were called off in the previous session, Stock hit the highs of $100.07, after setting-off with the price of $99.42. Company’s stock value dipped to $99.065 during the trading on the day. When the trading was stopped its value was $99.87.Recently in News on January 17, 2023, RBC Global Asset Management Inc. announces RBC ETF cash distributions for January 2023. RBC Global Asset Management Inc. (“RBC GAM Inc.”) today announced January 2023 cash distributions for unitholders of RBC ETFs, as follows:. You can read further details here

Royal Bank of Canada had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $101.57 on 01/18/23, with the lowest value was $93.30 for the same time period, recorded on 01/03/23.

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Royal Bank of Canada (RY) full year performance was -15.93%

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, Royal Bank of Canada shares are logging -15.42% during the 52-week period from high price, and 19.72% 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 $83.63 and $118.37.

The company’s shares, operating in the sector of Financial managed to top a trading volume set approximately around 1173754 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Royal Bank of Canada (RY) recorded performance in the market was 6.22%, having the revenues showcasing 10.55% 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 137.21B, as it employees total of 91427 workers.

Specialists analysis on Royal Bank of Canada (RY)

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 94.81, with a change in the price was noted +4.10. In a similar fashion, Royal Bank of Canada posted a movement of +4.28% for the period of last 100 days, recording 840,556 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 RY is recording 3.17 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.11.

Trends and Technical analysis: Royal Bank of Canada (RY)

Raw Stochastic average of Royal Bank of Canada in the period of last 50 days is set at 82.41%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 82.41%. In the last 20 days, the company’s Stochastic %K was 81.07% and its Stochastic %D was recorded 86.08%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 6.22%. Additionally, trading for the stock in the period of the last six months notably improved by 3.97%, alongside a downfall of -15.93% for the period of the last 12 months. The shares increased approximately by 0.94% in the 7-day charts and went down by 6.87% in the period of the last 30 days. Common stock shares were driven by 10.55% during last recorded quarter.

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