Ambev S.A. ADR (NYSE:ABEV) price on Thursday, February 06, rose 0.55% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $1.84.
A look at the stock’s price movement, the close in the last trading session was $1.83, moving within a range at $1.83 and $1.86. The beta value (5-Year monthly) was 0.552 while the PE ratio in trailing twelve months stood at 10.72. Turning to its 52-week performance, $2.67 and $1.76 were the 52-week high and 52-week low respectively. Overall, ABEV moved 2.79% over the past month.
Ambev S.A. ADR’s market cap currently stands at around $28.94 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.11, with its dividend yield at 5.89%. 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 25.42B for the company’s revenue for the quarter, with a low and high estimate of 23.11B and 26.53B respectively. The average forecast suggests up to a 27.15% 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 87.09B, representing a 9.22% 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 ABEV 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.
3 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 0 analyst(s) rate the stock as a Hold, 2 recommend ABEV 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.
ABEV’s current price about 0.99% and -5.96% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.47, while 7-day volatility ratio is 2.37% and 2.49% in the 30-day chart. Further, Ambev S.A. ADR (ABEV) has a beta value of 0.99, and an average true range (ATR) of 0.05. Analysts have given the company’s stock an average 52-week price target of $2.57, forecast between a low of $2.57 and high of $2.57. Looking at the price targets, the low is -39.67% off current price level while to achieve the yearly target high, price needs to move -39.67%. Nonetheless, investors will most likely welcome a -39.67% jump to $2.57 which is the analysts’ median price.
If we refocus on Ambev S.A. ADR (NYSE:ABEV), historical trading data shows that trading volumes averaged 52.91 over the past 10 days and 37.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 15.73 billion shares.
The 0.00% of Ambev S.A. ADR’s shares are in the hands of company insiders while institutional holders own 8.89% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 19.27 million on 2025-01-15, giving us a short ratio of 0.81. Current price change has pushed the stock -0.54% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ABEV stock continues to rise going into the next quarter.
