Ambev S.A. ADR (NYSE:ABEV) shares, rose in value on Thursday, November 21, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $2.16.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.17, falling within a range of $2.14 and $2.17. The value of beta (5-year monthly) is 0.552 whereas the PE ratio is 12.59 over 12-month period. Referring to stock’s 52-week performance, its high was $2.85, and the low was $2.01. On the whole, ABEV has fluctuated by -3.99% over the past month.
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With the market capitalization of Ambev S.A. ADR currently standing at about $33.98 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 0.00, with its dividend yield at 0.00%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 87.09B, with a low estimate of 25.06B and a high estimate of 25.59B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 25.28B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ABEV’s technical picture suggests that short-term indicators denote the stock is a 100% Sell 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% Sell.
The stock’s technical analysis shows that the PEG ratio is about 6.65, with the price of ABEV currently trading nearly -2.25% and -5.96% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.20, while the 7-day volatility ratio is showing 1.89% which for the 30-day chart, stands at 2.18%. Furthermore, Ambev S.A. ADR (ABEV)’s beta value is 1.09, and its average true range (ATR) is 0.05.
A comparison of Ambev S.A. ADR (ABEV) with its peers suggests the former has fared considerably weaker in the market. ABEV showed an intraday change of -0.45% in today’s session so far, and over the past year, it shrunk by -16.56%%.
Data on historical trading for Ambev S.A. ADR (NYSE:ABEV) indicates that the trading volumes over the past 10 days have averaged 21.64 and over the past 3 months, they’ve averaged 25.77 million. According to company’s latest data on outstanding shares, there are 15.75 billion shares outstanding.
Nearly 0.00% of Ambev S.A. ADR’s shares belong to company insiders and institutional investors own 8.79% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 68.22 million shares as on 2024-10-31, resulting in a short ratio of 2.54. The stock has fallen by -22.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABEV stock heading into the next quarter.
