NatWest Group plc (NWG) shares are trading at lower $2.61.
To add more color to this target, the company’s high over the last year is $6.76 and the low is $2.40. Over the last 52 weeks, NWG is down -45.14% while the S&P 500 is up 11.20%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
NWG booked profit margins of 3.50%, its Return on Equity (ROE) is 0.90%, and its Return on Assets is 0.00%. All told, it is clear that, NWG needs to be on your watchlist.
FREE CONFIDENTIAL REPORT
3 Stocks Set To Soar By January 1st, 2021
You have Successfully Subscribed!
Find out when NWG reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.
Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NWG has a short ratio of 0.95 and outstanding shares of 6.04B.
NWG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.09. Investors should also keep an eye on sector updates as NWG has historically followed its peers on positive news.
All told, NatWest Group plc NWG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NWG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
NatWest Group plc NWG is now commanding a market cap of 15.52B and a float of 2.29B. NWG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NWG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in NWG, either long or short, and we have not been compensated for this article.