Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) shares, rose in value on Thursday, March 06, with the stock price down by -0.93% to the previous day’s close as strong demand from buyers drove the stock to $12.85.
Actively observing the price movement in the last trading, the stock closed the session at $12.97. The PE ratio was 11.46 over 12-month period. Referring to stock’s 52-week performance, its high was $16.67, and the low was $12.54. On the whole, PBR has fluctuated by -9.06% over the past month.
With the market capitalization of Petroleo Brasileiro S.A. Petrobras ADR currently standing at about $47.81 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.44, with its dividend yield at 3.39%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 506.69B, with a low estimate of 125.65B and a high estimate of 125.65B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 125.65B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PBR’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 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 PEG ratio is about 0.14, with the price of PBR currently trading nearly -7.74% and -6.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.06, while the 7-day volatility ratio is showing 3.10% which for the 30-day chart, stands at 2.31%. Furthermore, Petroleo Brasileiro S.A. Petrobras ADR (PBR)’s beta value is 1.09, and its average true range (ATR) is 0.39.
A comparison of Petroleo Brasileiro S.A. Petrobras ADR (PBR) with its peers suggests the former has fared considerably weaker in the market. PBR showed an intraday change of -0.93% in last session, and over the past year, it shrunk by -18.56%%.
Data on historical trading for Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) indicates that the trading volumes over the past 3 months, they’ve averaged 14.84 million. According to company’s latest data on outstanding shares, there are 3.72 billion shares outstanding.
Nearly 0.01% of Petroleo Brasileiro S.A. Petrobras ADR’s shares belong to company insiders and institutional investors own 19.07% of the company’s shares. The stock has fallen by -0.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBR stock heading into the next quarter.
