Ambev S.A. ADR (NYSE:ABEV) shares, rose in value on Thursday, February 13, with the stock price up by 1.63% to the previous day’s close as strong demand from buyers drove the stock to $1.87.
Actively observing the price movement in the last trading, the stock closed the session at $1.84. The PE ratio was 10.90 over 12-month period. Referring to stock’s 52-week performance, its high was $2.67, and the low was $1.76. On the whole, ABEV has fluctuated by 3.89% over the past month.
With the market capitalization of Ambev S.A. ADR currently standing at about $29.41 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.11, with its dividend yield at 5.80%.
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 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ABEV currently trading nearly 2.07% and -3.08% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.81, while the 7-day volatility ratio is showing 2.29% which for the 30-day chart, stands at 2.31%. Furthermore, Ambev S.A. ADR (ABEV)’s beta value is 0.99, 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 1.63% in last session, and over the past year, it shrunk by -26.66%%.
Data on historical trading for Ambev S.A. ADR (NYSE:ABEV) indicates that the trading volumes over the past 3 months, they’ve averaged 37.68 million. According to company’s latest data on outstanding shares, there are 15.73 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 stock has risen by 1.08% 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.
