Grupo Financiero Galicia ADR (NASDAQ:GGAL) price on Wednesday, January 15, rose 1.71% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $71.63.
A look at the stock’s price movement, the close in the last trading session was $70.43, moving within a range at $70.1 and $72.51. The beta value (5-Year monthly) was 1.591 while the PE ratio in trailing twelve months stood at 7.86. Turning to its 52-week performance, $74.00 and $14.21 were the 52-week high and 52-week low respectively. Overall, GGAL moved 16.32% over the past month.
Grupo Financiero Galicia ADR’s market cap currently stands at around $8.55 billion, with investors looking forward to this quarter’s earnings report slated for in February. The company has a Forward Dividend ratio of 0.29, with its dividend yield at 0.41%. 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 1.25B for the company’s revenue for the quarter, with a low and high estimate of 1.12B and 1.38B respectively. The average forecast suggests up to a 49.89% 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 6.62B, representing a 154.29% 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 GGAL is a 100% 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.
2 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, 0 recommend GGAL 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 Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
GGAL’s current price about 6.73% and 17.87% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 63.13, while 7-day volatility ratio is 5.13% and 5.31% in the 30-day chart. Further, Grupo Financiero Galicia ADR (GGAL) has a beta value of 1.82, and an average true range (ATR) of 3.35. Analysts have given the company’s stock an average 52-week price target of $54, forecast between a low of $36 and high of $92. Looking at the price targets, the low is 49.74% off current price level while to achieve the yearly target high, price needs to move -28.44%. Nonetheless, investors will most likely welcome a 24.61% jump to $54 which is the analysts’ median price.
If we refocus on Grupo Financiero Galicia ADR (NASDAQ:GGAL), historical trading data shows that trading volumes averaged 1.08 over the past 10 days and 1.08 million over the past 3 months. The company’s latest data on shares outstanding shows there are 119.35 million shares.
The 0.09% of Grupo Financiero Galicia ADR’s shares are in the hands of company insiders while institutional holders own 25.75% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.51 million on 2024-12-31, giving us a short ratio of 3.93. The data shows that as of 2024-12-31 short interest in Grupo Financiero Galicia ADR (GGAL) stood at 534.0000200000001 of shares outstanding, with shares short rising to 3.55 million registered in 2024-11-29. Current price change has pushed the stock 14.94% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GGAL stock continues to rise going into the next quarter.
