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Why Did Aenza S.A.A. (NYSE: AENZ) Drop So Much?

Aenza S.A.A. (NYSE:AENZ) traded at $2.50 at close of the session on Tuesday, 11/22/22, made an upward move of 1.95% on its previous day’s price.

Looking at the stock we see that its previous close was $2.45 and the beta (5Y monthly) reads 0.86 with the day’s price range being $2.21 – $5.90. In terms of its 52-week price range, AENZ has a high of $6.57 and a low of $2.07. The company’s stock has gained about 4.17% over that past 30 days.

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Aenza S.A.A. has a market cap of $506.67 million.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the AENZ stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Looking further, we note the current price level is -3.78% off its SMA20 and -3.39% from its 50-day simple moving average. The RSI (14) is pointing at 47.46 while the volatility over the past week is 39.50% and jumps to 17.36% over the past one month. The beta value is 0.92, while the average true range (ATR) is currently pointing at 0.51.

Coming back to Aenza S.A.A. (NYSE:AENZ), we note that the average 3-month trading volume was 3.00K, while that of the preceding 10-day period stands at 0.23 million. Current shares outstanding are 239.71 million.

The institutions hold 5.80%. The data shows that short shares as of Oct 13, 2022, stood at 12810.0 at a short ratio of 1.52. This represents a 0.01% short interest in shares outstanding on Oct 13, 2022. Shares short rose in October from the previous month at 11540.0. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -48.56% down in year-to-date price movement.

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