The trading price of Ambev S.A. (NYSE:ABEV) closed lower on Tuesday, May 23, closing at $2.88, -0.35% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.87 and $2.93. The company’s P/E ratio in the trailing 12-month period was 15.40. In examining the 52-week price action we see that the stock hit a 52-week high of $3.24 and a 52-week low of $2.40. Over the past month, the stock has gained 2.13% in value.
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Ambev S.A., whose market valuation is $46.16 billion at the time of this writing. The dividend yield on the company stock is 5.00%, while its Forward Dividend ratio is 0.14. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by $0.03 per share this quarter, however they have predicted annual earnings per share of $0.17 for 2023 and $0.19 for 2024. It means analysts are expecting annual earnings per share growth of -5.60% this year and 11.80% next year.
Analysts have forecast the company to bring in revenue of $3.84 billion for the current quarter, with the likely lows of $3.6 billion and highs of $3.97 billion. The average estimate suggests sales will likely up by 5.10% 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 2023 is $17.22 billion. The company’s revenue is forecast to grow by 11.50% over what it did in 2023.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Ambev S.A. No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ABEV has a 100% 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 100% Buy, while an average of long term indicators suggests that the stock is currently 50% Buy.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 2.17, which symbolizes a positive outlook. A quick review shows that ABEV’s price is currently 0.47% off the SMA20 and 2.24% off the SMA50. The RSI metric on the 14-day chart is currently showing 52.17, and weekly volatility stands at 1.92%. When measured over the past 30 days, the indicator reaches 1.95%. Ambev S.A. (NYSE:ABEV)’s beta value is currently sitting at 1.09, while the Average True Range indicator is currently displaying 0.06.
To see how Ambev S.A. stock has been performing in comparison to its peers in the industry, here are the numbers: ABEV stock’s performance was -0.35% in the latest trading, and 2.13% in the past year, while The Boston Beer Company Inc. (SAM) has traded -0.02% on the day and positioned 0.45% higher than it was a year ago. Furthermore, Anheuser-Busch InBev SA/NV (BUD) showed a decrease of -0.15% on the day while its price kept inclining at 8.24% over the past year. Ambev S.A. has a P/E ratio of 15.40. Also in last trading session, the S&P 500 Index has plunged -1.12%, while the Dow Jones Industrial also saw a negative session, down -0.69% on the day.
An evaluation of the daily trading volume of Ambev S.A. (NYSE:ABEV) indicates that the 3-month average is 18.04 million. However, this figure has increased over the past 10 days to an average of 13.6 million.
Currently, records show that 15.74 billion of the company’s shares remain outstanding. The institutions hold 18.10%. The stats also highlight that short interest as of Apr 27, 2023, stood at 26.08 million shares, resulting in a short ratio of 1.5 at that time. From this, we can conclude that short interest is 0.17% of the company’s total outstanding shares. It is noteworthy that short shares in April were down slightly from the previous month’s figure, which was 26.37 million. However, since the stock’s price has seen 5.88% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.