Banco Bradesco S.A. ADR (NYSE:BBD) price on Wednesday, January 15, rose 4.15% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.01.
A look at the stock’s price movement, the close in the last trading session was $1.93, moving within a range at $1.95 and $2.01. The beta value (5-Year monthly) was 0.646 while the PE ratio in trailing twelve months stood at 7.64. Turning to its 52-week performance, $3.14 and $1.79 were the 52-week high and 52-week low respectively. Overall, BBD moved 0.21% over the past month.
Banco Bradesco S.A. ADR’s market cap currently stands at around $10.64 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.05, with its dividend yield at 2.39%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 32.25B for the company’s revenue for the quarter, with a low and high estimate of 31.85B and 32.64B respectively. The average forecast suggests up to a 7.84% 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 121.81B, representing a 2.61% jump 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 BBD is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
5 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 1 analyst(s) rate the stock as a Hold, 3 recommend BBD as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 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.
BBD’s current price about 6.41% and -3.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.63, while 7-day volatility ratio is 3.03% and 3.23% in the 30-day chart. Further, Banco Bradesco S.A. ADR (BBD) has a beta value of 0.94, and an average true range (ATR) of 0.07. Analysts have given the company’s stock an average 52-week price target of $3.2, forecast between a low of $3.2 and high of $3.2. Looking at the price targets, the low is -59.2% off current price level while to achieve the yearly target high, price needs to move -59.2%. Nonetheless, investors will most likely welcome a -59.2% jump to $3.2 which is the analysts’ median price.
If we refocus on Banco Bradesco S.A. ADR (NYSE:BBD), historical trading data shows that trading volumes averaged 44.97 over the past 10 days and 34.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 5.30 billion shares.
The 0.00% of Banco Bradesco S.A. ADR’s shares are in the hands of company insiders while institutional holders own 17.81% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 115.21 million on 2024-12-31, giving us a short ratio of 3.45. The data shows that as of 2024-12-31 short interest in Banco Bradesco S.A. ADR (BBD) stood at 219.0 of shares outstanding, with shares short rising to 37.25 million registered in 2024-11-29. Current price change has pushed the stock 8.08% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BBD stock continues to rise going into the next quarter.
