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Citigroup Inc (C) Analysis & Forecast for 2024

Citigroup Inc (NYSE: C) is 10.85% higher on its value in year-to-date trading and has touched a low of $38.17 and a high of $63.90 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The C stock was last observed hovering at around $58.56 in the last trading session, with the day’s loss setting it -1.54%.

Currently trading at $57.02, the stock is -6.63% and -1.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.19 million and changing -2.63% at the moment leaves the stock 17.40% off its SMA200. C registered 15.05% gain for a year compared to 6-month gain of 37.63%.

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The stock witnessed a -1.02% loss in the last 1 month and extending the period to 3 months gives it a 9.93%, and is -7.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.80% over the week and 2.39% over the month.

Citigroup Inc (C) has around 239000 employees, a market worth around $109.21B and $164.18B in sales. Current P/E ratio is 16.77 and Fwd P/E is 8.03. Profit margin for the company is 4.05%. Distance from 52-week low is 49.38% and -10.77% from its 52-week high. The company has generated returns on investments over the last 12 months (1.35%).

The EPS is expected to grow by 41.50% this year.

Citigroup Inc (C) Top Institutional Holders

The shares outstanding are 1.92B, and float is at 1.91B with Short Float at 1.56%.

Citigroup Inc (C) Insider Activity

The most recent transaction is an insider sale by MORTON ANDREW JOHN,the company’sHead of Markets. SEC filings show that MORTON ANDREW JOHN sold 28,096 shares of the company’s common stock on Oct 18 ’23 at a price of $40.66 per share for a total of $1.14 million. Following the sale, the insider now owns 0.41 million shares.

Citigroup Inc disclosed in a document filed with the SEC on Apr 18 ’23 that Turek Zdenek (Chief Risk Officer) sold a total of 12,000 shares of the company’s common stock. The trade occurred on Apr 18 ’23 and was made at $49.87 per share for $0.6 million. Following the transaction, the insider now directly holds 0.16 million shares of the C stock.

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