The market performance of Fifth Third Bancorp’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $36.94 on 03/11/24, while the lowest value for the same duration was $22.11 on 03/13/23.
52-week price history of FITB Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Fifth Third Bancorp’s current trading price is -0.61% away from its 52-week high, while its distance from the 52-week low is 66.08%. The stock’s price range during the 52-week period has remained between $22.11 and $36.94. In the Financial sector, the company’s shares saw a trading volume of around 5.76 million for the day, which was evidently higher than the average daily volume of 5.67 million over the past three months.
Market Capitalization and Financial Performance: An In-Depth Look
Fifth Third Bancorp (FITB) has experienced a quarterly rise of 19.18% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 25.01B and boasts a workforce of 18724 employees.
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 31.30, with a change in price of +12.03. Similarly, Fifth Third Bancorp recorded 5,518,745 in trading volume during the last 100 days, posting a change of +48.72%.
Examining FITB’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 FITB stands at 1.05. Similarly, the long-term debt-to-equity ratio is also 0.68.
FITB Stock Stochastic Average
Fifth Third Bancorp’s raw stochastic average for the past 50 days is presently 94.46%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 94.46%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 91.93% and 90.63%, respectively.
FITB 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. This year’s metric has recorded a Price increase of 6.47%. However, over the past six months, we’ve seen a weaker performance of 39.04%. The price of FITB fallen by 9.97% over the last 30 days. And in the last five days, it has surged by 3.49%.
