Banco Santander (Brasil) S.A. (NYSE:BSBR) shares, rose in value on Friday, May 26, with the stock price down by -0.51% to the previous day’s close as strong demand from buyers drove the stock to $5.81.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.84, falling within a range of $5.78 and $5.985. The value of beta (5-year monthly) is 0.69 whereas the PE ratio is 15.91 over 12-month period. Referring to stock’s 52-week performance, its high was $6.84, and the low was $4.61. On the whole, BSBR has fluctuated by 8.19% over the past month.
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The company’s Forward Dividend Ratio is 0.34, with its dividend yield at 5.86%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.15, which is expected to increase to $0.17 for fiscal year $0.6 and then to about $0.77 by fiscal year 2024. Data indicates that the EPS growth is expected to be 81.80% in 2024, while the next year’s EPS growth is forecast to be 28.30%.
Analysts have estimated the company’s revenue for the quarter at $3.34 billion, with a low estimate of $3.34 billion and a high estimate of $3.34 billion. According to the average forecast, sales growth in current quarter could jump down -6.80%, compared to the corresponding quarter of last year.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that BSBR’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
15 analyst(s) have assigned their ratings of the stock’s forecast evaluation on a scale of 1.00-5.00 to indicate a strong buy to a strong sell recommendation. The stock is rated as a Hold by 6 analyst(s), 2 recommend it as a Buy and 0 called the BSBR stock Overweight. In the meantime, 1 analyst(s) believe the stock as Underweight and 6 think it is a Sell. Thus, investors eager to increase their holdings of the company’s stock will have an opportunity to do so as the average rating for the stock is Underweight.
The stock’s technical analysis shows that the PEG ratio is about 2.04, with the price of BSBR currently trading nearly 0.03% and 7.27% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.33, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 2.50%. Furthermore, Banco Santander (Brasil) S.A. (BSBR)’s beta value is 0.82, and its average true range (ATR) is 0.14.
Data on historical trading for Banco Santander (Brasil) S.A. (NYSE:BSBR) indicates that the trading volumes over the past 10 days have averaged 0.59 million and over the past 3 months, they’ve averaged 1.20 million. According to company’s latest data on outstanding shares, there are 7.45 billion shares outstanding.
Nearly 13.73% of Banco Santander (Brasil) S.A.’s shares belong to company insiders and institutional investors own 0.70% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.61 million shares as on May 14, 2023, resulting in a short ratio of 4.97. According to the data, the short interest in Banco Santander (Brasil) S.A. (BSBR) stood at 0.05% of shares outstanding as of May 14, 2023; the number of short shares registered in Apr 13, 2023 reached 5.34 million. The stock has risen by 11.19% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BSBR stock heading into the next quarter.