Itau Unibanco Holding S.A. ADR (NYSE:ITUB) shares, rose in value on Thursday, March 14, with the stock price down by -0.14% to the previous day’s close as strong demand from buyers drove the stock to $7.02.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.03. The value of beta (5-year monthly) is 0.54 whereas the PE ratio is 10.43 over 12-month period. Referring to stock’s 52-week performance, its high was $7.27, and the low was $4.09. On the whole, ITUB has fluctuated by 3.14% over the past month.
The company’s Forward Dividend Ratio is 0.22, with its dividend yield at 3.20%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.2, which is expected to increase to $0.22 for fiscal year $0.83 and then to about $0.88 by fiscal year 2025. Data indicates that the EPS growth is expected to be 15.30% in 2025, while the next year’s EPS growth is forecast to be 6.00%.
Analysts have estimated the company’s revenue for the quarter at $8.33 billion, with a low estimate of $8.33 billion and a high estimate of $8.33 billion. According to the average forecast, sales growth in current quarter could jump up 12.50%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $34 billion, representing an increase of 8.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ITUB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.09, with the price of ITUB currently trading nearly 1.31% and 3.23% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.76, while the 7-day volatility ratio is showing 1.62% which for the 30-day chart, stands at 1.60%. Furthermore, Itau Unibanco Holding S.A. ADR (ITUB)’s beta value is 0.90, and its average true range (ATR) is 0.13.
A comparison of Itau Unibanco Holding S.A. ADR (ITUB) with its peers suggests the former has fared considerably weaker in the market. ITUB showed an intraday change of -0.14% in today’s session so far, and over the past year, it grew by 64.16%%.
Data on historical trading for Itau Unibanco Holding S.A. ADR (NYSE:ITUB) indicates that the trading volumes over the past 10 days have averaged 14.99 million and over the past 3 months, they’ve averaged 16.92 million. According to company’s latest data on outstanding shares, there are 4.85 billion shares outstanding.
Nearly 0.59% of Itau Unibanco Holding S.A. ADR’s shares belong to company insiders and institutional investors own 17.96% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 21.98 million shares as on Feb 29, 2024, resulting in a short ratio of 1.28. According to the data, the short interest in Itau Unibanco Holding S.A. ADR (ITUB) stood at 0.27% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 21.71 million. The stock has risen by 1.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ITUB stock heading into the next quarter.
