Vale S.A. ADR (NYSE:VALE) price on current trading day, rose 0.51% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.78.
A look at the stock’s price movement, the close in the last trading session was $11.72, moving within a range at $11.76 and $12.045. The beta value (5-Year monthly) was 0.908 while the PE ratio in trailing twelve months stood at 5.21. Turning to its 52-week performance, $15.50 and $9.66 were the 52-week high and 52-week low respectively. Overall, VALE moved 17.80% over the past month.
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Vale S.A. ADR’s market cap currently stands at around $50.31 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Analysts have a consensus estimate of 10.18B for the company’s revenue for the quarter, with a low and high estimate of 9.56B and 10.76B respectively. The average forecast suggests down to a -6.90% 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 39.62B, representing a -5.20% 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 VALE is a Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
11 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 9 recommend VALE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
VALE’s current price about 10.04% and 12.32% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 69.92, while 7-day volatility ratio is 2.53% and 1.93% in the 30-day chart. Further, Vale S.A. ADR (VALE) has a beta value of 0.94, and an average true range (ATR) of 0.30. Analysts have given the company’s stock an average 52-week price target of $21, forecast between a low of $12.7 and high of $26. Looking at the price targets, the low is -7.81% off current price level while to achieve the yearly target high, price needs to move -120.71%. Nonetheless, investors will most likely welcome a -78.27% jump to $21 which is the analysts’ median price.
If we refocus on Vale S.A. ADR (NYSE:VALE), historical trading data shows that trading volumes averaged 40.43 over the past 10 days and 29.74 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.30 billion shares.
The 0.00% of Vale S.A. ADR’s shares are in the hands of company insiders while institutional holders own 15.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 63.06 million on 2024-09-13, giving us a short ratio of 2.3. The data shows that as of 2024-09-13 short interest in Vale S.A. ADR (VALE) stood at 148.0 of shares outstanding, with shares short falling to 67.77 million registered in 2024-08-15. Current price change has pushed the stock -22.97% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VALE stock continues to rise going into the next quarter.
