Fifth Third Bancorp ‘s stock market performance has been somewhat predictable. The company’s stock reached a 1-year high price of $37.41 on 03/28/24, while the lowest value for the same period was recorded at $22.46 on 05/04/23.
52-week price history of FITB Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Fifth Third Bancorp’s current trading price is -9.12% away from its 52-week high, while its distance from the 52-week low is 51.38%. The stock’s price range during this period has spanned from $22.46 to $37.41. In the Financial sector, the Fifth Third Bancorp’s shares surpassed a trading volume of approximately 1.85 million for the day, which was noticeably lower compared to the average daily volume of 9.5.4 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 1.16% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 23.24B 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 34.01, with a change in price of +6.31. Similarly, Fifth Third Bancorp recorded 5,436,258 in trading volume during the last 100 days, posting a change of +22.80%.
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
Today’s raw stochastic average for Fifth Third Bancorp over the last 50 days is 33.01%.This indicates a increase from the raw stochastic average of the past 20 days, which was 4.46%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 13.84% and 17.32%, respectively.
FITB Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -1.42%.However, over the last six months, we can see a weaker performance of 40.09%. Over the last 30 days, the price of FITB has leaped by -3.52%. And in the last five days, it has fallen by -6.57%.
