Are Citigroup Inc (NYSE: C) Shares Ready For A Price Rise?

In the last trading session, 17.15 million Citigroup Inc (NYSE:C) shares changed hands as the company’s beta touched 1.50. With the company’s per share price at $53.92 changed hands at -$0.07 or -0.13% during last session, the market valuation stood at $103.20B. C’s last price was a discount, traded about -7.47% off its 52-week high of $57.95. The share price had its 52-week low at $38.17, which suggests the last value was 29.21% up since then. When we look at Citigroup Inc’s average trading volume, we note the 10-day average is 19.86 million shares, with the 3-month average coming to 0.92.

Citigroup Inc (NYSE:C) trade information

Instantly C was in red as seen at the end of in last trading. With action -1.06%, the performance over the past five days has been red. The drop to weekly highs of 54.97 subtracted -0.13% to the stock’s daily price. The company’s shares are showing year-to-date upside of 4.82%, with the 5-day performance at -1.06% in the red. However, in the 30-day time frame, Citigroup Inc (NYSE:C) is 3.53% up. Looking at the short shares, we see there were 24.39 million shares sold at short interest cover period of 1.15 days.

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Citigroup Inc (C) estimates and forecasts

Data shows that the Citigroup Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 20.98% over the past 6 months, a -1.66% in annual growth rate that is considerably higher than the industry average of -6.10%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.28%. The 2024 estimates are for Citigroup Inc earnings to increase by 44.95%, but the outlook for the next 5-year period is at 1.20% per year.

C Dividends

Citigroup Inc is expected to release its next quarterly earnings report on April 12. The 3.89% annual yield figure for the share gives it an annual dividend of 2.10. It is important to note, however, that the 3.89% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.

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