BBVA Argentina ADR (NYSE:BBAR) price closed higher on Friday, March 22, jumping 1.68% above its previous close.
A look at the daily price movement shows that the last close reads $8.33. The company’s 5Y monthly beta was ticking 1.50. Taking into account the 52-week price action we note that the stock hit a 52-week high of $8.51 and 52-week low of $3.51. The stock added 41.29% on its value in the past month.
BBVA Argentina ADR, which has a market valuation of $1.73 billion. In this case, analysts estimate an annual EPS growth of -41.80% for the year and -28.90% for the next year.
Staying with the analyst view, there is a consensus estimate of $3.96 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 34.30% 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 BBAR a short term outlook of 100% 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 BBAR’s price is at present 19.17% off the SMA20 and 37.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 74.01, with weekly volatility standing at 5.62%. The indicator jumps to 6.49% when calculated based on the past 30 days. BBVA Argentina ADR (NYSE:BBAR)’s beta value is holding at 1.60, while the average true range (ATR) indicator is currently reading 0.44.
An analysis of the BBVA Argentina ADR (NYSE:BBAR) stock in terms of its daily trading volume indicates that the 3-month average is 971.57K. However, this figure increases on the past 10-day timeline to an average of 1.21 million.
Current records show that the company has 204.24M in outstanding shares. The percentage share held by institutions stands at 2.00%. The stats also highlight that short interest as of Feb 29, 2024, stood at 1.49 million shares, which puts the short ratio at the time at 1.73. From this we can glean that short interest is 0.73% of company’s current outstanding shares. Notably, we see that shares short in February rose slightly given the previous month’s figure stood at 1.05 million. But the 56.87% 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.
