Banco Macro S.A. ADR (NYSE:BMA) price is hovering higher on Monday, November 20, jumping 20.90% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $20.24, with intraday deals fluctuating between $19.02 and $20.61. The company’s 5Y monthly beta was ticking 1.77 while its P/E ratio in the trailing 12-month period read 3.62. Taking into account the 52-week price action we note that the stock hit a 52-week high of $27.56 and 52-week low of $11.22. The stock added 31.21% on its value in the past month.
Banco Macro S.A. ADR, which has a market valuation of $1.54 billion. The company stock has a Forward Dividend ratio of 1.96, while the dividend yield is 7.99%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give BMA a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 100% Buy.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 4 analysts have assigned BMA a recommendation rating as follows: 2 rate it as a Hold; 0 advise Buy while 0 analyst(s) assign an Overweight rating. 1 analyst(s) have tagged the Banco Macro S.A. ADR (BMA) stock as Underweight, with 1 recommending Sell. In general, analysts have rated the stock Underweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.15. The overview shows that BMA’s price is at present 26.53% off the SMA20 and 22.35% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.31, with weekly volatility standing at 4.99%. The indicator jumps to 5.89% when calculated based on the past 30 days. Banco Macro S.A. ADR (NYSE:BMA)’s beta value is holding at 1.63, while the average true range (ATR) indicator is currently reading 1.29. Considering analysts have assigned the stock a price target range of $14.00-$103.42 as the low and high respectively, we find the trailing 12-month average consensus price target to be $40.53. Based on this estimate, we see that today’s price at last check is roughly 42.79% off the estimated low and -322.64% off the forecast high. Investors will no doubt be excited to see the share price rise to $22.34, which is the median consensus price, and at that level BMA would be 8.7% from recent price.
Turning out attention to how the Banco Macro S.A. ADR stock has performed in comparison to its peers in the industry, here’s what we find: BMA’s stock is 20.90% on the day and 110.20% in the past 12 months. Turning out attention to how the Banco Macro S.A. ADR stock has performed in comparison to its peers in the industry, here’s what we find: BMA’s stock is 20.90% on the day and 110.20% in the past 12 months. As for Banco Macro S.A. ADR, the P/E ratio stands at 3.62 lower than that of Grupo Financiero Galicia S.A. ADR’s at 3.77 and Banco Santander-Chile ADR’s 14.36. Elsewhere in the market, the S&P 500 Index has rallied 0.41% in today’s early trading, with the Dow Jones Industrial also seeing a positive session on the day with 0.30%.
An analysis of the Banco Macro S.A. ADR (NYSE:BMA) stock in terms of its daily trading volume indicates that the 3-month average is 244.76K. However, this figure increases on the past 10-day timeline to an average of 0.18 million.
Current records show that the company has 62.82M in outstanding shares. The insiders’ percentage holdings are 0.02% of outstanding shares while the percentage share held by institutions stands at 4.30%. The stats also highlight that short interest as of Oct 30, 2023, stood at 0.44 million shares, which puts the short ratio at the time at 1.74. From this we can glean that short interest is 0.41% of company’s current outstanding shares. Notably, we see that shares short in October rose slightly given the previous month’s figure stood at 0.22 million. But the 63.38% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.