Citigroup Inc. [NYSE: C] plunged by -$1.16 during the normal trading session on Monday and reaching a high of $52.04 during the day while it closed the day at $51.12. The company report on August 31, 2020 that Citi Appointed Depositary Bank for XPeng Inc.’s Sponsored ADR Program.
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed by XPeng Inc. (“XPeng”), a leading smart electric vehicle (EV) company based in China, as the depositary bank for its American Depositary Receipt (ADR) program.
XPeng’s program was established in connection with an approximately $1.5 billion initial public offering of its ADRs, priced at $15.00 per ADR (or approximately $1.7 billion, if the underwriters exercise their over-allotment option in full). The ADRs are listed on the New York Stock Exchange, or the NYSE, under the symbol “XPEV”. Each ADR represents two Class A ordinary shares of XPeng. As a single-listed ADR program, the underlying ordinary shares are not listed or publicly traded in the issuer’s home market.
Citigroup Inc. stock has also gained 0.12% of its value over the past 7 days. However, C stock has inclined by 0.55% in the 3 months of the year. Over the past six months meanwhile, it has lost -21.41% and lost -36.01% year-on date.
The market cap for C stock reached $105.29 billion, with 2.08 billion shares outstanding and 2.08 billion shares in the current float. Compared to the average trading volume of 24.20M shares, C reached a trading volume of 16170862 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Citigroup Inc. [C]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for C shares is $69.21 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on C stock is a recommendation set at 2.00. 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.
Odeon have made an estimate for Citigroup Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 18, 2020. The new note on the price target was released on July 17, 2020, representing the official price target for Citigroup Inc. stock. Previously, the target price had yet another raise to $65, while Seaport Global Securities analysts kept a Buy rating on C stock.
The Average True Range (ATR) for Citigroup Inc. is set at 1.29, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 1.52. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 464.21.
C stock trade performance evaluation
Citigroup Inc. [C] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.12. With this latest performance, C shares gained by 2.22% in over the last four-week period, additionally sinking by -21.41% over the last 6 months – not to mention a drop of -20.56% 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 C stock in for the last two-week period is set at 49.37, with the RSI for the last a single of trading hit 48.44, and the three-weeks RSI is set at 49.57 for Citigroup Inc. [C]. The present Moving Average for the last 50 days of trading for this stock 51.29, while it was recorded at 51.52 for the last single week of trading, and 58.98 for the last 200 days.
Citigroup Inc. [C]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Citigroup Inc. [C] shares currently have an operating margin of +23.12. Citigroup Inc.’s Net Margin is presently recorded at +18.63.
Return on Total Capital for C is now 3.69, given the latest momentum, and Return on Invested Capital for the company is 5.33. Return on Equity for this stock inclined to 9.90, with Return on Assets sitting at 0.99. When it comes to the capital structure of this company, Citigroup Inc. [C] has a Total Debt to Total Equity ratio set at 294.69. Additionally, C Total Debt to Total Capital is recorded at 74.66, with Total Debt to Total Assets ending up at 23.68. Long-Term Debt to Equity for the company is recorded at 122.13, with the Long-Term Debt to Total Capital now at 34.48.
Reflecting on the efficiency of the workforce at the company, Citigroup Inc. [C] managed to generate an average of $96,420 per employee.
Earnings per share (EPS) analysis for Citigroup Inc. [C] stock
With the latest financial reports released by the company, Citigroup Inc. posted 2.07/share EPS, while the average EPS was predicted by analysts to be reported at 1.95/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 6.20%. 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 C. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Citigroup Inc. go to -3.27%.
Citigroup Inc. [C]: Insider Ownership positions
There are presently around $82,564 million, or 79.00% of C stock, in the hands of institutional investors. The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 172,455,150, which is approximately -5.808% of the company’s market cap and around 0.25% of the total institutional ownership; BLACKROCK INC., holding 162,000,631 shares of the stock with an approximate value of $8.28 billion in C stocks shares; and STATE STREET CORP, currently with $4.62 billion in C stock with ownership of nearly -4.255% of the company’s market capitalization.
811 institutional holders increased their position in Citigroup Inc. [NYSE:C] by around 115,686,627 shares. Additionally, 760 investors decreased positions by around 148,849,836 shares, while 151 investors held positions by with 1,350,566,889 shares. The mentioned changes placed institutional holdings at 1,615,103,352 shares, according to the latest SEC report filing. C stock had 187 new institutional investments in for a total of 19,719,506 shares, while 125 institutional investors sold positions of 17,587,409 shares during the same period.