Azul S.A. ADR (NYSE:AZUL) price on Friday, February 28, fall -1.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.85.
A look at the stock’s price movement, the close in the last trading session was $1.87. Turning to its 52-week performance, $8.73 and $1.57 were the 52-week high and 52-week low respectively. Overall, AZUL moved -21.61% over the past month.
Azul S.A. ADR’s market cap currently stands at around $206.89 million, with investors looking forward to this quarter’s earnings report slated for in April.
Analysts have a consensus estimate of 5.25B for the company’s revenue for the quarter, with a low and high estimate of 5.1B and 5.43B respectively. The average forecast suggests up to a 12.20% 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 22.09B, representing a 13.13% 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 AZUL is a 100% 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.
6 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 3 analyst(s) rate the stock as a Hold, 3 recommend AZUL 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 Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
AZUL’s current price about -5.90% and -7.10% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 42.94, while 7-day volatility ratio is 10.37% and 6.97% in the 30-day chart. Further, Azul S.A. ADR (AZUL) has a beta value of 1.98, and an average true range (ATR) of 0.15. Analysts have given the company’s stock an average 52-week price target of $4.5, forecast between a low of $4 and high of $5. Looking at the price targets, the low is -116.22% off current price level while to achieve the yearly target high, price needs to move -170.27%. Nonetheless, investors will most likely welcome a -143.24% jump to $4.5 which is the analysts’ median price.
If we refocus on Azul S.A. ADR (NYSE:AZUL), historical trading data shows that trading volumes averaged 1.44 million over the past 3 months. The company’s latest data on shares outstanding shows there are 111.83 million shares.
Current price change has pushed the stock 10.78% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the AZUL stock continues to rise going into the next quarter.
