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Is Grupo Financiero Galicia S.A. (NASDAQ: GGAL) A Great Stock To Invest In?

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) traded at $13.58 at close of the session on Monday, 01/23/23, made a downward move of -1.24% on its previous day’s price.

Looking at the stock we see that its previous close was $13.75 and the beta (5Y monthly) reads 2.39 with the day’s price range being $13.39 – $14.0399. The company has a trailing 12-month PE ratio of 10.16. In terms of its 52-week price range, GGAL has a high of $14.25 and a low of $5.75. The company’s stock has gained about 58.46% over that past 30 days.

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Grupo Financiero Galicia S.A. has a market cap of $2.98 billion. With its Forward Dividend at 0.09 and a yield of 0.66%, the company’s investors could be anxious for the GGAL stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.63, with the EPS growth for the year raised at $2.82 for 2022 and $3.21 for next year. These figures represent 20.00% and 13.80% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $330.62 million, with a low of $306.76 million and a high of $354.48 million. The median projection represents growth adding up to -41.00% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $3.09 billion, or 37.10% up from figures reported last year.

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 GGAL stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is 23.10% off its SMA20 and 50.48% from its 50-day simple moving average. The RSI (14) is pointing at 73.80 while the volatility over the past week is 9.87% and jumps to 6.74% over the past one month. The beta value is 1.58, while the average true range (ATR) is currently pointing at 0.76. The average price target for the stock over the next 12 months is $21.30, with the estimates having a low of $7.00 and a high of $44.30. These price ends are 48.45% and -226.22% off the current price level respectively, although investors could be excited at the prospect of a 40.35% if the GGAL share price touches on the median price of $8.10.

Let’s briefly compare Grupo Financiero Galicia S.A. (GGAL) stock to its peers. We find that current price change of -1.24% and 58.78% over the past 12 months for GGAL competes that of Banco Latinoamericano de Comercio Exterior S. A. (BLX), which has seen its stock price fall -1.33% in the last trading session and was -1.87% over the last one year. Another of its peers Banco Macro S.A. (BMA) has dropped -3.35% previous session, and was 58.92% up over the past year, while Banco Bradesco S.A. (BBD) was also down -3.90% in the last session, while its price remained in the red at -18.53% over the same period. Grupo Financiero Galicia S.A. has a P/E ratio of 10.16 compared to Banco Latinoamericano de Comercio Exterior S. A.’s 7.34 and Banco Macro S.A.’s 7.42. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 1.19% and 0.76%, respectively, at close of the trading.

Coming back to Grupo Financiero Galicia S.A. (NASDAQ:GGAL), we note that the average 3-month trading volume was 642.28K, while that of the preceding 10-day period stands at 1.39 million. Current shares outstanding are 147.47 million.

The insiders hold 53.40% of the company’s shares while institutions hold 10.40%. The data shows that short shares as of Oct 13, 2022, stood at 1.48 million at a short ratio of 3.08. This represents a 1.00% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 1.68 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.57% up in year-to-date price movement.

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