Citigroup Inc [C] gain 0.16% so far this year. What now?

Citigroup Inc [NYSE: C] gained 0.80% or 0.41 points to close at $51.52 with a heavy trading volume of 18171493 shares. The company report on January 18, 2024 at 9:00 AM that Citi and LuminArx Capital Announce the Launch of Strategic Private Lending Vehicle, Cinergy.

Cinergy will offer a broad set of asset-backed and corporate capital solutions to Citi’s global client base.

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Citi and LuminArx Capital today announced the launch of Cinergy, a strategic financing vehicle in the rapidly growing private lending market.

The daily chart for C points out that the company has recorded 8.67% gains over the past six months.

If we look at the average trading volume of 18.93M shares, C reached to a volume of 18171493 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $60.93 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 2.26. 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.

BMO Capital Markets have made an estimate for Citigroup Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 10, 2024.

The Average True Range (ATR) for Citigroup Inc is set at 1.20, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 0.62. The Price to Book ratio for the last quarter was 0.53.

Trading performance analysis for C stock

Citigroup Inc [C] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.08. With this latest performance, C shares gained by 3.75% in over the last four-week period, additionally plugging by 8.67% over the last 6 months – not to mention a rise of 4.23% 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 53.71, with the RSI for the last a single of trading hit 46.50, and the three-weeks RSI is set at 57.91 for Citigroup Inc [C]. The present Moving Average for the last 50 days of trading for this stock 48.55, while it was recorded at 51.70 for the last single week of trading, and 45.49 for the last 200 days.

Citigroup Inc [C]: A deeper dive into fundamental analysis

Citigroup Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.46.

Citigroup Inc [C]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Citigroup Inc posted 2.19/share EPS, while the average EPS was predicted by analysts to be reported at 1.67/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 31.10%. 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 1.20%.

An analysis of Institutional ownership at Citigroup Inc [C]

The top three institutional holders of C stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in C stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in C stock with ownership which is approximately 5.8325%.