The present stock price for Truist Financial Corporation (TFC) is $28.67. In the last trading session, the stock made a considerable jump, reaching $28.80 after an opening price of $28.75. The stock briefly fell to $28.24 before ending the session at $29.00.
In terms of market performance, Truist Financial Corporation had a fairly uneven. The highest value for the stock in the past year was $51.26 on 01/24/23, and the lowest value was recorded at $25.56 on 05/04/23.
52-week price history of TFC Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Truist Financial Corporation’s current trading price is -44.07% away from its 52-week high, while its distance from the 52-week low is 12.17%. The stock’s price range during this period has spanned from $25.56 to $51.26. In the Financial sector, the Truist Financial Corporation’s shares surpassed a trading volume of approximately 10.76 million for the day, which was noticeably higher compared to the average daily volume of 9.10.6 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Truist Financial Corporation (TFC) has experienced a quarterly decline of -10.13% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 38.74B and boasts a workforce of 52848 employees.
A Closer Look at Analysts’ Ratings for Truist Financial Corporation
As of right now, 7 analysts are rating Truist Financial Corporation as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 16 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 30.81, with a change in price of -1.76. Similarly, Truist Financial Corporation recorded 11,873,473 in trading volume during the last 100 days, posting a change of -5.78%.
Examining TFC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for TFC stands at 0.79. Similarly, the long-term debt-to-equity ratio is also 0.79.
TFC Stock Stochastic Average
Today’s raw stochastic average for Truist Financial Corporation over the last 50 days is 9.20%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 21.18%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 31.76% and 34.74%, respectively.
TFC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The index has shown a price loss of -33.37% this year. Over the last six months, there has been a stronger performance of -6.18%. The price of TFC leaped by -1.04% during the last 30 days period. For the last 5-days stocks have slided -4.78%.