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- 1 BARC share seems to be struggling since the past few months and lost over 4% of its value in a week.
- 2 Market capitalization of Barclays PLC declined approximately 18% in 2023.
- 3 In Q2 2023, the company reported 4.03% less revenue (than estimated).
BARC stock has followed a continuous declining path since the beginning of the week, losing 4.58% of its trading price. When writing, Barclays PLC share was trading at 144.86 GBX with an intraday decline of 1.99%.
Barclays PLC (BARC) Stock Price Analysis
In the 52 weeks time frame, BARC share price peaked at 193.18 GBX while its lowest traded price was 128.12 GBX. Barclays PLC has a market capitalization of $21.836 Billion, a data of Companiesmarketcap(dot) company’s market cap declined 17.66% in 2023.
The annual price target of Barclays PLC share is 225.94 GBX, the target is 55.97% greater than press time trading price. Despite a weekly decline, BARC stock lost 9.61% in a month and 11.80% since the past quarter.
The MACD and signal line are approaching the bearish territory and histogram is reflecting significant bear accumulation. However the RSI line is lying just above the oversold territory, which implies upcoming bearishness.
When writing, BARC share prices were trading below 20, 50, 100 and 200 day exponential moving averages (EMA). TradingView data states that 13.162 Billion BARC shares are free floating and the remaining 1.959 Billion are closely held.
Barclays PLC Financial Updates
The estimated revenue of the company for Q2 2023 was 6.55 Billion GBP, although the estimate was not achieved and the company registered losses of 4.03%. Opposing the reported revenue, the reported EPS was 7.90% greater than the estimates.
The estimated EPS for the third quarter is positive 0.07 and revenue is 6.28 Billion GBP. In 2022, the generated revenue of the company was 36.59 Billion GBP from which its net income was 5.02 Billion GBP and profit margin was 13.73%.
In long term total liabilities of the company are 1.02 Trillion GBP and assets are 708.13 Billion GBP.
Barclays Plc operates as a bank holding company, which engages in the provision of retail banking, credit cards, corporate and investment banking, and wealth management services. The firm operates through Barclays UK and Barclays International segments.
Technical Levels
Support Level: 143.34 GBP & 137.74 GBP
Resistance Level: 147.32 GBP & 152.56 GBP
Conclusion:
When writing BARC share were trading below 20, 50, 100 and 200 days EMAs. The MACD is signaling further bearishness . Majority of indicators including RSI and MACD suggest bearishness in the coming sessions. In the weekly time frame, BARC share price slipped 4.58% and 9.61% in a month.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
