Banco Bradesco S.A. ADR (NYSE:BBD) price closed lower on current market day and dropping -1.43% below its previous close.
A look at the daily price movement shows that the last close reads $2.79, with intraday deals fluctuated between $2.73 and $2.81. The company’s 5Y monthly beta was ticking 0.675 while its P/E ratio in the trailing 12-month period read 11.19. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.41 and 52-week low of $2.15. The stock added 22.41% on its value in the past month.
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Banco Bradesco S.A. ADR, which has a market valuation of $14.56 billion. The company stock has a Forward Dividend ratio of 0.04, while the dividend yield is 1.48%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
On average, analysts have forecast the company’s revenue for the quarter will hit 5.66B, with the likely lows of 5.57B and highs of 5.76B. The average estimate suggests sales growth for the quarter will likely rise by 29.10% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of 23B for the company’s annual revenue in current year. Per this projection, the revenue is forecast to grow 14.50% above that which the company brought in the current year earning report.
Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give BBD a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as Hold.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.43. The overview shows that BBD’s price is at present 14.32% off the SMA20 and 17.47% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 77.05, with weekly volatility standing at 1.83%. The indicator jumps to 2.53% when calculated based on the past 30 days. Banco Bradesco S.A. ADR (NYSE:BBD)’s beta value is holding at 0.96, while the average true range (ATR) indicator is currently reading 0.07.
An analysis of the Banco Bradesco S.A. ADR (NYSE:BBD) stock in terms of its daily trading volume indicates that the 3-month average is 20.68 million.
Current records show that the company has 5.31B in outstanding shares. The insiders’ percentage holdings are 0.00% of outstanding shares while the percentage share held by institutions stands at 17.62%. But the -18.08% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
