BRF S.A. ADR (NYSE:BRFS) shares, rose in value, with the stock price down by -0.31% to the previous day’s close as strong demand from buyers drove the stock to $3.18.
Actively observing the price movement in the last trading, the stock closed the session at $3.19. Referring to stock’s 52-week performance, its high was $3.45, and the low was $1.15. On the whole, BRFS has fluctuated by -0.93% 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 $0.02, which is expected to increase to $0.01 for fiscal year $0.08 and then to about $0.09 by fiscal year 2025. Data indicates that the EPS growth is expected to be 126.70% in 2025, while the next year’s EPS growth is forecast to be 12.50%.
Analysts have estimated the company’s revenue for the quarter at $2.67 billion, with a low estimate of $2.58 billion and a high estimate of $2.75 billion. According to the average forecast, sales growth in current quarter could jump up 5.10%, 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 $11.38 billion, representing an increase of 6.00% 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 BRFS’s technical picture suggests that short-term indicators denote the stock is a 50% 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 BRFS currently trading nearly -3.33% and 4.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.81, while the 7-day volatility ratio is showing 3.28% which for the 30-day chart, stands at 2.89%. Furthermore, BRF S.A. ADR (BRFS)’s beta value is 1.90, and its average true range (ATR) is 0.11.
A comparison of BRF S.A. ADR (BRFS) with its peers suggests the former has fared considerably weaker in the market. BRFS showed an intraday change of -0.31% in last session, and over the past year, it grew by 162.81%%.
Data on historical trading for BRF S.A. ADR (NYSE:BRFS) indicates that the trading volumes over the past 10 days have averaged 2.36 million and over the past 3 months, they’ve averaged 3.24 million. According to company’s latest data on outstanding shares, there are 1.68 billion shares outstanding.
BRF S.A. ADR’s shares belong to company insiders and institutional investors own 3.48% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.04 million shares as on Mar 15, 2024, resulting in a short ratio of 0.76. According to the data, the short interest in BRF S.A. ADR (BRFS) stood at 0.18% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.82 million. The stock has risen by 14.39% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BRFS stock heading into the next quarter.
