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How Do Things Look For Grupo Financiero Galicia ADR (NASDAQ: GGAL) In The Short-Term?

Grupo Financiero Galicia ADR (NASDAQ:GGAL) price closed higher on Friday, February 09, jumping 19.00% below its previous close.

A look at the daily price movement shows that the last close reads $44.65. The company’s 5Y monthly beta was ticking 1.86 while its P/E ratio in the trailing 12-month period read 4.12. Taking into account the 52-week price action we note that the stock hit a 52-week high of $22.26 and 52-week low of $9.30. The stock added 18.09% on its value in the past month.

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Grupo Financiero Galicia ADR, which has a market valuation of $2.27 billion. Analysts tracking GGAL have forecast the quarterly EPS to grow by 0.56 per share this quarter, while the same analysts predict the annual EPS to hit $6.77 for the year 2024 and up to $3.62 for 2024. In this case, analysts estimate an annual EPS growth of 168.70% for the year and -46.50% for the next year.

Staying with the analyst view, there is a consensus estimate of $4.55 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 95.70% above that which the company brought in 2023.

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 GGAL a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that GGAL’s price is at present 65.35% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 50.31, with weekly volatility standing at 6.42%. The indicator jumps to 5.20% when calculated based on the past 30 days. Grupo Financiero Galicia ADR (NASDAQ:GGAL)’s beta value is holding at 2.07, while the average true range (ATR) indicator is currently reading 1.05.

Turning out attention to how the Grupo Financiero Galicia ADR stock has performed in comparison to its peers in the industry, here’s what we find: GGAL’s stock is 19.00% on the day and 57.87% in the past 12 months, while Banco Latinoamericano de Comercio Exterior S.A. Cl E (BLX) traded 1.40%% in the last session and was positioned 40.86% up on its price 12 months ago. Turning out attention to how the Grupo Financiero Galicia ADR stock has performed in comparison to its peers in the industry, here’s what we find: GGAL’s stock is 19.00% on the day and 57.87% in the past 12 months, while Banco Latinoamericano de Comercio Exterior S.A. Cl E (BLX) traded 1.40%% in the last session and was positioned 40.86% up on its price 12 months ago. Another comparison is with Banco Macro S.A. ADR (BMA) whose stock price was up 5.07%% in the last trading session, and has flourished 41.89% over the past year. As for Grupo Financiero Galicia ADR, the P/E ratio stands at 4.12 lower than that of Banco Latinoamericano de Comercio Exterior S.A. Cl E’s at 5.76 and Banco Macro S.A. ADR’s 4.96.

An analysis of the Grupo Financiero Galicia ADR (NASDAQ:GGAL) stock in terms of its daily trading volume indicates that the 3-month average is 1.09. However, this figure increases on the past 10-day timeline to an average of 1.22 million.

Current records show that the company has 119.35M in outstanding shares. The insiders’ percentage holdings are 0.03% of outstanding shares while the percentage share held by institutions stands at 8.09%. The stats also highlight that short interest as of Jan 31, 2024, stood at 2.66 million shares, which puts the short ratio at the time at 2.63. From this we can glean that short interest is 2.07% of company’s current outstanding shares. Notably, we see that shares short in January fall slightly given the previous month’s figure stood at 2.76 million. But the 10.05% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.