BBVA Argentina ADR (NYSE:BBAR) shares, rose in value, with the stock price up by 7.11% to the previous day’s close as strong demand from buyers drove the stock to $7.83.
Actively observing the price movement in the last trading, the stock closed the session at $7.31. The value of beta (5-year monthly) was 1.50. Referring to stock’s 52-week performance, its high was $7.64, and the low was $3.51. On the whole, BBAR has fluctuated by 46.91% over the past month.
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 $0.36, which is expected to increase to $0.59 for fiscal year $1.28 and then to about $0.7 by fiscal year 2024. Data indicates that the EPS growth is expected to be -41.80% in 2024, while the next year’s EPS growth is forecast to be -45.30%.
Wall Street analysts also predicted that in 2024, the company’s y-o-y revenues would reach $3.96 billion, representing an increase of 34.50% 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 BBAR’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 0, with the price of BBAR currently trading nearly 24.32% and 36.60% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 72.86, while the 7-day volatility ratio is showing 7.31% which for the 30-day chart, stands at 6.07%. Furthermore, BBVA Argentina ADR (BBAR)’s beta value is 1.58, and its average true range (ATR) is 0.43.
A comparison of BBVA Argentina ADR (BBAR) with its peers suggests the former has fared considerably weaker in the market. BBAR showed an intraday change of 7.11% in last session, and over the past year, it grew by 91.99%%.
Data on historical trading for BBVA Argentina ADR (NYSE:BBAR) indicates that the trading volumes over the past 10 days have averaged 1.5 million and over the past 3 months, they’ve averaged 997.75K. According to company’s latest data on outstanding shares, there are 204.24 million shares outstanding.
BBVA Argentina ADR’s shares belong to company insiders and institutional investors own 2.00% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.49 million shares as on Feb 29, 2024, resulting in a short ratio of 1.73. According to the data, the short interest in BBVA Argentina ADR (BBAR) stood at 0.73% of shares outstanding as of Feb 29, 2024; the number of short shares registered in Jan 31, 2024 reached 1.05 million. The stock has risen by 45.02% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBAR stock heading into the next quarter.
