Vale S.A. ADR (NYSE:VALE) shares, rose in value, with the stock price down by -1.32% to the previous day’s close as strong demand from buyers drove the stock to $11.92.
Actively observing the price movement in the last trading, the stock closed the session at $12.08. The value of beta (5-year monthly) was 0.93 whereas the PE ratio was 6.48 over 12-month period. Referring to stock’s 52-week performance, its high was $16.08, and the low was $11.88. On the whole, VALE has fluctuated by -9.90% over the past month.
The company’s Forward Dividend Ratio is 0.39, with its dividend yield at 3.26%. 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 $0.53, which is expected to increase to $0.79 for fiscal year $2.41 and then to about $2.35 by fiscal year 2025. Data indicates that the EPS growth is expected to be 31.70% in 2025, while the next year’s EPS growth is forecast to be -2.50%.
Analysts have estimated the company’s revenue for the quarter at $9.28 billion, with a low estimate of $8.39 billion and a high estimate of $10.02 billion. According to the average forecast, sales growth in current quarter could jump up 0.80%, 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 $42.18 billion, representing an increase of 0.90% 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 VALE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of VALE currently trading nearly -3.80% and -8.78% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.69, while the 7-day volatility ratio is showing 1.90% which for the 30-day chart, stands at 1.66%. Furthermore, Vale S.A. ADR (VALE)’s beta value is 0.98, and its average true range (ATR) is 0.26.
A comparison of Vale S.A. ADR (VALE) with its peers suggests the former has fared considerably weaker in the market. VALE showed an intraday change of -1.32% in last session, and over the past year, it shrunk by -21.27%%.
Data on historical trading for Vale S.A. ADR (NYSE:VALE) indicates that the trading volumes over the past 10 days have averaged 22.92 million and over the past 3 months, they’ve averaged 25.60 million. According to company’s latest data on outstanding shares, there are 4.30 billion shares outstanding.
Nearly 0.00% of Vale S.A. ADR’s shares belong to company insiders and institutional investors own 17.47% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 33.87 million shares as on Mar 15, 2024, resulting in a short ratio of 1.22. According to the data, the short interest in Vale S.A. ADR (VALE) stood at 0.86% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 41.81 million. The stock has fallen by -24.84% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the VALE stock heading into the next quarter.
