Friday, November 27, 2020

E*TRADE Financial Corporation [ETFC] moved up 1.31: Why It’s Important

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E*TRADE Financial Corporation [NASDAQ: ETFC] traded at a high on 06/08/20, posting a 1.31 gain after which it closed the day’ session at $51.73. The results of the trading session contributed to over 1917078 shares changing hands. Over the past one week, the price volatility of E*TRADE Financial Corporation stands at 3.54% while the volatility over the past one month is 3.71%.

The market cap for ETFC stock reached $11.50 billion, with 222.30 million shares outstanding and 220.23 million shares in the current float. Compared to the average trading volume of 4.52M shares, ETFC reached a trading volume of 1917078 in the most recent trading day, which is why market watchdogs consider the stock to be active.


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What do top market gurus say about E*TRADE Financial Corporation [ETFC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ETFC shares is $41.63 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ETFC stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

UBS have made an estimate for E*TRADE Financial Corporation shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 07, 2019. The new note on the price target was released on October 03, 2019, representing the official price target for E*TRADE Financial Corporation stock. Previously, the target price had yet another drop from $56 to $31, while Barclays kept a Underweight rating on ETFC stock. On September 09, 2019, analysts decreased their price target for ETFC shares from 55 to 45.50.

The Average True Range (ATR) for E*TRADE Financial Corporation is set at 1.90, with the Price to Sales ratio for ETFC stock in the period of the last 12 months amounting to 3.74. The Price to Book ratio for the last quarter was 1.97, with the Price to Cash per share for the same quarter was set at 30.75. Price to Free Cash Flow for ETFC in the course of the last twelve months was 1.60.

How has ETFC stock performed recently?

E*TRADE Financial Corporation [ETFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 12.53. With this latest performance, ETFC shares gained by 29.42% in over the last four-week period, additionally plugging by 13.72% over the last 6 months – not to mention a rise of 12.31% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ETFC stock in for the last two-week period is set at 72.57, with the RSI for the last a single of trading hit 78.35, and the three-weeks RSI is set at 67.21 for E*TRADE Financial Corporation [ETFC]. The present Moving Average for the last 50 days of trading for this stock 40.65, while it was recorded at 49.62 for the last single week of trading, and 42.23 for the last 200 days.

E*TRADE Financial Corporation [ETFC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and E*TRADE Financial Corporation [ETFC] shares currently have an operating margin of +42.52 and a Gross Margin at +85.17. E*TRADE Financial Corporation’s Net Margin is presently recorded at +30.39.

Return on Total Capital for ETFC is now 16.54, given the latest momentum, and Return on Invested Capital for the company is 11.85. Return on Equity for this stock inclined to 14.57, with Return on Assets sitting at 1.51. When it comes to the capital structure of this company, E*TRADE Financial Corporation [ETFC] has a Total Debt to Total Equity ratio set at 25.14. Additionally, ETFC Total Debt to Total Capital is recorded at 20.09, with Total Debt to Total Assets ending up at 2.68. Long-Term Debt to Equity for the company is recorded at 27.43, with the Long-Term Debt to Total Capital now at 19.61.

Reflecting on the efficiency of the workforce at the company, E*TRADE Financial Corporation [ETFC] managed to generate an average of $231,684 per employee. Receivables Turnover for the company is 0.31 with a Total Asset Turnover recorded at a value of 0.05.

Earnings analysis for E*TRADE Financial Corporation [ETFC]

With the latest financial reports released by the company, E*TRADE Financial Corporation posted 0.9/share EPS, while the average EPS was predicted by analysts to be reported at 1.09/share.When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -17.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ETFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for E*TRADE Financial Corporation go to -4.32%.

Insider trade positions for E*TRADE Financial Corporation [ETFC]

There are presently around $10,363 million, or 93.10% of ETFC stock, in the hands of institutional investors. The top three institutional holders of ETFC stocks are: VANGUARD GROUP INC with ownership of 25,214,759, which is approximately -0.514% of the company’s market cap and around 0.50% of the total institutional ownership; BLACKROCK INC., holding 18,261,977 shares of the stock with an approximate value of $932.46 million in ETFC stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $629.51 million in ETFC stock with ownership of nearly -8.413% of the company’s market capitalization.

Positions in E*TRADE Financial Corporation stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 186 institutional holders increased their position in E*TRADE Financial Corporation [NASDAQ:ETFC] by around 49,764,064 shares. Additionally, 316 investors decreased positions by around 58,408,050 shares, while 45 investors held positions by with 94,777,216 shares. The mentioned changes placed institutional holdings at 202,949,330 shares, according to the latest SEC report filing. ETFC stock had 63 new institutional investments in for a total of 27,870,524 shares, while 123 institutional investors sold positions of 14,623,449 shares during the same period.

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