Citigroup Inc [NYSE: C] closed the trading session at $54.29. The company report on February 7, 2024 at 9:30 AM that Citi Enhances ETF Servicing Capabilities with FIX API Connectivity on its Global Online ETF Portal.
The bank’s latest enhancement helps clients and authorized participants gain efficiencies in an industry that continues to see significant growth.
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Citi Securities Services announces the launch of Financial Information eXchange (FIX) API connectivity on ACES1 – the bank’s online, global ETF portal that fully automates the entire ETF process.
The stocks have a year to date performance of 4.96 percent and weekly performance of -2.79 percent. The stock has been moved at 21.76 percent over the last six months. The stock has performed 1.83 percent around the most recent 30 days and changed 29.10 percent over the most recent 3-months.
If compared to the average trading volume of 0.73 shares, C reached to a volume of 18.82M 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 $62.06 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 2.15. 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.
Morgan Stanley have made an estimate for Citigroup Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on January 30, 2024.
The Average True Range (ATR) for Citigroup Inc is set at 1.18, with the Price to Sales ratio for C stock in the period of the last 12 months amounting to 0.65. The Price to Book ratio for the last quarter was 0.56.
C stock trade performance evaluation
Citigroup Inc [C] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.79. With this latest performance, C shares gained by 1.83% in over the last four-week period, additionally plugging by 21.76% over the last 6 months – not to mention a rise of 5.55% 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 54.00, with the RSI for the last a single of trading hit 48.32, and the three-weeks RSI is set at 57.39 for Citigroup Inc [C]. The present Moving Average for the last 50 days of trading for this stock 51.70, while it was recorded at 54.33 for the last single week of trading, and 45.97 for the last 200 days.
Citigroup Inc [C]: An insightful look at the core fundamentals
Citigroup Inc’s liquidity data is similarly interesting compelling, with a Current Ratio set at 1.46.
Earnings per share (EPS) analysis for Citigroup Inc [C] stock
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%.
Citigroup Inc [C]: Institutional Ownership
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%.
