Banco Santander S.A. ADR’s (NYSE:SAN) Stock Gains 0.50%: A Look At Its Most Probable Path Moving Forward

Banco Santander S.A. ADR (NYSE:SAN) shares, rose in value on Friday, October 11, with the stock price up by 0.50% to the previous day’s close as strong demand from buyers drove the stock to $4.99.

Actively observing the price movement in the recent trading, the stock is buoying the session at $4.97, falling within a range of $4.965 and $5.01. The value of beta (5-year monthly) is 1.321 whereas the PE ratio is 6.40 over 12-month period. Referring to stock’s 52-week performance, its high was $5.27, and the low was $3.52. On the whole, SAN has fluctuated by 4.28% over the past month.

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With the market capitalization of Banco Santander S.A. ADR currently standing at about $75.91 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-29. The company’s Forward Dividend Ratio is 0.19, with its dividend yield at 3.75%.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SAN’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 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0.42, with the price of SAN currently trading nearly -0.28% and 3.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.04, while the 7-day volatility ratio is showing 1.19% which for the 30-day chart, stands at 1.44%. Furthermore, Banco Santander S.A. ADR (SAN)’s beta value is 1.15, and its average true range (ATR) is 0.09.

A comparison of Banco Santander S.A. ADR (SAN) with its peers suggests the former has fared considerably weaker in the market. SAN showed an intraday change of 0.50% in today’s session so far, and over the past year, it grew by 31.10%%.

Data on historical trading for Banco Santander S.A. ADR (NYSE:SAN) indicates that the trading volumes over the past 10 days have averaged 2.45 and over the past 3 months, they’ve averaged 2.33 million. According to company’s latest data on outstanding shares, there are 15.89 billion shares outstanding.

Nearly 0.00% of Banco Santander S.A. ADR’s shares belong to company insiders and institutional investors own 2.44% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 7.06 million shares as on 2024-09-30, resulting in a short ratio of 3.12. According to the data, the short interest in Banco Santander S.A. ADR (SAN) stood at 5.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 7.39 million. The stock has risen by 20.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SAN stock heading into the next quarter.

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