Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE:SBS) price on current trading day, rose 1.67% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $17.06.
A look at the stock’s price movement, the close in the last trading session was $16.78, moving within a range at $17.02 and $17.185. The beta value (5-Year monthly) was 0.526 while the PE ratio in trailing twelve months stood at 14.38. Turning to its 52-week performance, $18.36 and $11.10 were the 52-week high and 52-week low respectively. Overall, SBS moved -6.47% over the past month.
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Companhia de Saneamento Basico do Estado de Sao Paulo. ADR’s market cap currently stands at around $11.66 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Nov-14.
Analysts have a consensus estimate of 947.03M for the company’s revenue for the quarter, with a low and high estimate of 947.03M and 947.03M respectively. The average forecast suggests down to a -27.00% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 3.8B, representing a -20.30% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SBS is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
The technical evaluation for the stock shows the PEG ratio is 0.52, with SBS’s current price about -1.80% and 3.94% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.30, while 7-day volatility ratio is 1.52% and 1.66% in the 30-day chart. Further, Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (SBS) has a beta value of 1.16, and an average true range (ATR) of 0.35.
If we refocus on Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (NYSE:SBS), historical trading data shows that trading volumes averaged 1.01 over the past 10 days and 1.46 million over the past 3 months. The company’s latest data on shares outstanding shows there are 683.51 million shares.
The 0.01% of Companhia de Saneamento Basico do Estado de Sao Paulo. ADR’s shares are in the hands of company insiders while institutional holders own 11.49% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 7.87 million on 2024-08-30, giving us a short ratio of 4.98. The data shows that as of 2024-08-30 short interest in Companhia de Saneamento Basico do Estado de Sao Paulo. ADR (SBS) stood at 231.99999999999997 of shares outstanding, with shares short rising to 5.85 million registered in 2024-07-31. Current price change has pushed the stock 13.92% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SBS stock continues to rise going into the next quarter.
