Fifth Third Bancorp saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $45.57 on 10/18/24, while the lowest price for the same duration was marked at $22.49 on 10/25/23.
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 -1.97% away from its 52-week high, while its distance from the 52-week low is 98.62%. The stock’s price range during this period has spanned from $22.49 to $45.57. In the Financial sector, the Fifth Third Bancorp’s shares surpassed a trading volume of approximately 8.96 million for the day, which was noticeably higher compared to the average daily volume of 9.4.03 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Fifth Third Bancorp (FITB) has experienced a quarterly rise of 9.32% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 30.23B 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 40.04, with a change in price of +7.99. Similarly, Fifth Third Bancorp recorded 4,262,177 in trading volume during the last 100 days, posting a change of +21.78%.
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 0.90. Similarly, the long-term debt-to-equity ratio is also 0.82.
FITB Stock Stochastic Average
Today, Fifth Third Bancorp’s raw stochastic average for the past 50 days stands at 85.29%, indicating a rise from the raw stochastic average of the last 20 days, which was 75.98%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 85.71% and 86.31% respectively.
FITB Stock Price Performance Analysis
The stock price performance this year has been a mixed bag, which means people have different opinions about whether it’s been good or bad. Some may see it as optimistic, while others may view it as pessimistic. Until today this year the stock’s price performance recorded an increase of 29.52%. However, over the last six months, the performance has been weaker by 23.23%. The price of FITB increased 2.36% over the last 30 days. And in the last five days, it has surged by 1.89%.