Ambev S.A. ADR (NYSE:ABEV) shares, rose in value, with the stock price up by 0.68% to the previous day’s close as strong demand from buyers drove the stock to $2.20.
Actively observing the price movement in the recent trading, the stock is buoying the session at $2.19. The PE ratio was 13.08 over 12-month period. Referring to stock’s 52-week performance, its high was $2.53, and the low was $1.76. On the whole, ABEV has fluctuated by 19.84% over the past month.
With the market capitalization of Ambev S.A. ADR currently standing at about $34.68 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 3.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 94.63B, with a low estimate of 22.02B and a high estimate of 22.02B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 22.02B.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.47, with the price of ABEV currently trading nearly 12.63% and 16.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.85, while the 7-day volatility ratio is showing 3.46% which for the 30-day chart, stands at 2.39%. Furthermore, Ambev S.A. ADR (ABEV)’s beta value is 0.79, and its average true range (ATR) is 0.06.
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 0.68% in today’s session so far, and over the past year, it shrunk by -10.07%%.
Data on historical trading for Ambev S.A. ADR (NYSE:ABEV) indicates that the trading volumes over the past 3 months, they’ve averaged 37.45 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 9.15% of the company’s shares. The stock has risen by 19.19% 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.
