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Should Value Hunters Buy Banco Bradesco S.A. (NYSE: BBD) Stock?

The trading price of Banco Bradesco S.A. (NYSE:BBD) floating lower at last check on Wednesday, June 22, closing at $3.57, -0.25% lower than its previous close.

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $3.56 and $3.64. The company’s P/E ratio in the trailing 12-month period was 3.72, while its 5Y monthly beta was 1.09. In examining the 52-week price action we see that the stock hit a 52-week high of $4.89 and a 52-week low of $2.94. Over the past month, the stock has lost -7.97% in value.

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Banco Bradesco S.A., whose market valuation is $36.60 billion at the time of this writing. The dividend yield on the company stock is 5.92%, while its Forward Dividend ratio is 0.21. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.13 per share this quarter, however they have predicted annual earnings per share of $0.53 for 2022 and $0.57 for 2023. It means analysts are expecting annual earnings per share growth of 15.20% this year and 7.50% next year.

Analysts have forecast the company to bring in revenue of $5.28 billion for the current quarter, with the likely lows of $5.04 billion and highs of $5.53 billion. The average estimate suggests sales will likely down by -4.00% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2022 is $23.59 billion. The company’s revenue is forecast to grow by 6.50% over what it did in 2022.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Banco Bradesco S.A. 2 upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest BBD has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 50% Sell.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.33, which symbolizes a positive outlook. A quick review shows that BBD’s price is currently -9.48% off the SMA20 and -7.84% off the SMA50. The RSI metric on the 14-day chart is currently showing 35.44, and weekly volatility stands at 3.08%. When measured over the past 30 days, the indicator reaches 2.66%. Banco Bradesco S.A. (NYSE:BBD)’s beta value is currently sitting at 0.96, while the Average True Range indicator is currently displaying 0.12.

To see how Banco Bradesco S.A. stock has been performing today in comparison to its peers in the industry, here are the numbers: BBD stock’s performance was -0.25% at last check in today’s session, and -25.77% in the past year, while Mitsubishi UFJ Financial Group Inc. (MUFG) has been trading -0.18% in recent session and positioned 2.01% higher than it was a year ago. Another comparable company Itau Unibanco Holding S.A. (ITUB) saw its stock trading -0.11% lower in today’s session but was down -10.40% in a year. Furthermore, Banco Bilbao Vizcaya Argentaria S.A. (BBVA) showed an increase of 2.56% today while its price kept declining at -28.23% over the past year. Banco Bradesco S.A. has a P/E ratio of 3.72, compared to Mitsubishi UFJ Financial Group Inc.’s 8.39 and Itau Unibanco Holding S.A.’s 8.33. Also during today’s trading, the S&P 500 Index has surged 0.51%, while the Dow Jones Industrial also saw a positive session, up 0.30% today.

An evaluation of the daily trading volume of Banco Bradesco S.A. (NYSE:BBD) indicates that the 3-month average is 37.20 million. However, this figure has increased over the past 10 days to an average of 40.28 million.

Currently, records show that 9.69 billion of the company’s shares remain outstanding. The insiders hold 35.30% of outstanding shares, whereas institutions hold 17.80%. The stats also highlight that short interest as of Apr 28, 2022, stood at 42.72 million shares, resulting in a short ratio of 1.16 at that time. From this, we can conclude that short interest is 0.38% of the company’s total outstanding shares. It is noteworthy that short shares in April were up slightly from the previous month’s figure, which was 36.25 million. However, since the stock’s price has seen 15.57% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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