Banco Bradesco S.A. ADR (NYSE:BBD) shares, rose in value, with the stock price up by 3.55% to the previous day’s close as strong demand from buyers drove the stock to $2.04.
Actively observing the price movement in the last trading, the stock closed the session at $1.97. The PE ratio was 6.74 over 12-month period. Referring to stock’s 52-week performance, its high was $2.87, and the low was $1.79. On the whole, BBD has fluctuated by -3.49% over the past month.
With the market capitalization of Banco Bradesco S.A. ADR currently standing at about $10.79 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.04, with its dividend yield at 1.80%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 130.31B, with a low estimate of 30.2B and a high estimate of 30.87B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 30.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BBD’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 50% 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 PEG ratio is about 0.45, with the price of BBD currently trading nearly -2.19% and 2.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.44, while the 7-day volatility ratio is showing 3.07% which for the 30-day chart, stands at 3.02%. Furthermore, Banco Bradesco S.A. ADR (BBD)’s beta value is 0.67, and its average true range (ATR) is 0.07.
A comparison of Banco Bradesco S.A. ADR (BBD) with its peers suggests the former has fared considerably weaker in the market. BBD showed an intraday change of 3.55% in last session, and over the past year, it shrunk by -21.81%%. In comparison, Mitsubishi UFJ Financial Group Inc. ADR (MUFG) has moved higher at 2.28%% on the day and was up 20.76% over the past 12 months. On the other hand, the price of Itau Unibanco Holding S/A ADR (ITUB) has risen 3.11%% on the day. The stock, however, is off -18.26% from where it was a year ago. Additionally, there is a gain of 5.77%% for Banco Bilbao Vizcaya Argentaria S.A. ADR (BBVA) in last trading while the stock has seen an overall depriciation of 32.04%% over the past year.
Data on historical trading for Banco Bradesco S.A. ADR (NYSE:BBD) indicates that the trading volumes over the past 3 months, they’ve averaged 44.64 million. According to company’s latest data on outstanding shares, there are 5.29 billion shares outstanding.
Nearly 0.00% of Banco Bradesco S.A. ADR’s shares belong to company insiders and institutional investors own 18.01% of the company’s shares. The stock has risen by 10.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBD stock heading into the next quarter.
