On Monday, Truist Financial Corporation (NYSE: TFC) opened higher 1.55% from the last session, before settling in for the closing price of $42.63. Price fluctuations for TFC have ranged from $27.38 to $45.31 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 22.97%. Company’s average yearly earnings per share was noted 409.07% at the time writing. With a float of $1.34 billion, this company’s outstanding shares have now reached $1.34 billion.
Let’s determine the extent of company efficiency that accounts for 49037 employees. In terms of profitability, gross margin is 86.75%, operating margin of 0.81%, and the pretax margin is -29.07%.
Truist Financial Corporation (TFC) Insider Activity
A key investor’s attitude towards the stock of the Banks – Regional industry is another important factor to consider. The insider ownership of Truist Financial Corporation is 0.26%, while institutional ownership is 73.53%. The most recent insider transaction that took place on Aug 14 ’24, was worth 209,614. Before that another transaction happened on Jul 25 ’24, when Company’s Corp. Controller, Exec VP sold 6,688 for $44.14, making the entire transaction worth $295,208. This insider now owns 0 shares in total.
Truist Financial Corporation (TFC) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 0.91 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.89) by 0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 409.07% per share during the next fiscal year.
Truist Financial Corporation (NYSE: TFC) Trading Performance Indicators
Check out the current performance indicators for Truist Financial Corporation (TFC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.30. Likewise, its price to free cash flow for the trailing twelve months is 10.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.46, a number that is poised to hit 0.88 in the next quarter and is forecasted to reach 3.96 in one year’s time.
Technical Analysis of Truist Financial Corporation (TFC)
Looking closely at Truist Financial Corporation (NYSE: TFC), its last 5-days average volume was 7.02 million, which is a drop from its year-to-date volume of 8.27 million. As of the previous 9 days, the stock’s Stochastic %D was 33.82%. Additionally, its Average True Range was 0.96.
During the past 100 days, Truist Financial Corporation’s (TFC) raw stochastic average was set at 80.22%, which indicates a significant increase from 41.84% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.51% in the past 14 days, which was higher than the 24.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.76, while its 200-day Moving Average is $39.36. However, in the short run, Truist Financial Corporation’s stock first resistance to watch stands at $43.55. Second resistance stands at $43.80. The third major resistance level sits at $44.23. If the price goes on to break the first support level at $42.87, it is likely to go to the next support level at $42.44. Should the price break the second support level, the third support level stands at $42.19.
Truist Financial Corporation (NYSE: TFC) Key Stats
There are currently 1,338,096K shares outstanding in the company with a market cap of 57.97 billion. Presently, the company’s annual sales total 33,246 M according to its annual income of -1,091 M. Last quarter, the company’s sales amounted to 7,835 M and its income totaled 1,442 M.
