Charles Schwab Corp. [NYSE: SCHW] surged by $0.46 during the normal trading session on while it closed the day at $68.10. The company report on March 4, 2024 at 12:30 PM that Schwab Trading Activity Index™: Score Continues Month-over-Month Increase in February.
Schwab clients were net buyers in February, with the most pronounced buying within the Information Technology, Utilities and Health Care sectors.
The Schwab Trading Activity Index™ (STAX) increased to 47.65 in February, up from its score of 44.73 in January. The only index of its kind, the STAX is a proprietary, behavior-based index that analyzes retail investor stock positions and trading activity from Schwab’s millions of client accounts to illuminate what investors were actually doing and how they were positioned in the markets each month.
Charles Schwab Corp. stock has also gained 4.21% of its value over the past 7 days. However, SCHW stock has inclined by 7.82% in the 3 months of the year. Over the past six months meanwhile, it has gained 12.56% and lost -1.02% year-on date.
The market cap for SCHW stock reached $120.77 billion, with 1.77 billion shares outstanding and 1.67 billion shares in the current float. Compared to the average trading volume of 8.45M shares, SCHW reached a trading volume of 6168904 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 Charles Schwab Corp. [SCHW]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SCHW shares is $72.39 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SCHW stock is a recommendation set at 1.95. 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.
Keefe Bruyette have made an estimate for Charles Schwab Corp. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on January 18, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $75 to $70. The new note on the price target was released on January 10, 2024, representing the official price target for Charles Schwab Corp. stock. Previously, the target price had yet another raise to $77, while TD Cowen analysts kept a Market Perform rating on SCHW stock. On January 03, 2024, analysts increased their price target for SCHW shares from 70 to 71.
The Average True Range (ATR) for Charles Schwab Corp. is set at 1.33, with the Price to Sales ratio for SCHW stock in the period of the last 12 months amounting to 4.73. The Price to Book ratio for the last quarter was 3.80, with the Price to Cash per share for the same quarter was set at 38.10.
SCHW stock trade performance evaluation
Charles Schwab Corp. [SCHW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.21. With this latest performance, SCHW shares gained by 8.20% in over the last four-week period, additionally plugging by 12.56% over the last 6 months – not to mention a drop of -12.03% 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 SCHW stock in for the last two-week period is set at 68.40, with the RSI for the last a single of trading hit 76.00, and the three-weeks RSI is set at 63.71 for Charles Schwab Corp. [SCHW]. The present Moving Average for the last 50 days of trading for this stock 65.14, while it was recorded at 66.93 for the last single week of trading, and 59.56 for the last 200 days.
Earnings per share (EPS) analysis for Charles Schwab Corp. [SCHW] stock
With the latest financial reports released by the company, Charles Schwab Corp. posted 0.93/share EPS, while the average EPS was predicted by analysts to be reported at 0.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 3.30%. 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 SCHW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Charles Schwab Corp. go to 10.78%.
Charles Schwab Corp. [SCHW]: Institutional Ownership
The top three institutional holders of SCHW 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 SCHW stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SCHW stock with ownership which is approximately 5.8325%.
