Banco Bradesco S.A. ADR (NYSE:BBD) shares, rose in value, with the stock price down by -1.38% to the previous day’s close as strong demand from buyers drove the stock to $2.86.
Actively observing the price movement in the last trading, the stock closed the session at $2.90. The value of beta (5-year monthly) was 0.64 whereas the PE ratio was 10.73 over 12-month period. Referring to stock’s 52-week performance, its high was $3.55, and the low was $2.40. On the whole, BBD has fluctuated by 1.42% over the past month.
The company’s Forward Dividend Ratio is 0.08, with its dividend yield at 2.91%. 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 $0.07, which is expected to increase to $0.09 for fiscal year $0.35 and then to about $0.49 by fiscal year 2025. Data indicates that the EPS growth is expected to be 9.40% in 2025, while the next year’s EPS growth is forecast to be 40.00%.
Analysts have estimated the company’s revenue for the quarter at $5.75 billion, with a low estimate of $5.75 billion and a high estimate of $5.75 billion. According to the average forecast, sales growth in current quarter could jump up 0.10%, 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 $24.46 billion, representing an increase of 21.80% 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 BBD’s technical picture suggests that short-term indicators denote the stock is a 50% 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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.39, with the price of BBD currently trading nearly 0.63% and -0.46% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.57, while the 7-day volatility ratio is showing 3.06% which for the 30-day chart, stands at 2.25%. Furthermore, Banco Bradesco S.A. ADR (BBD)’s beta value is 0.97, and its average true range (ATR) is 0.07.
A comparison of Banco Bradesco S.A. ADR (BBD) with its peers suggests the former has fared considerably weaker in the market. BBD showed an intraday change of -1.38% in last session, and over the past year, it grew by 17.94%%.
Data on historical trading for Banco Bradesco S.A. ADR (NYSE:BBD) indicates that the trading volumes over the past 10 days have averaged 13.47 million and over the past 3 months, they’ve averaged 17.11 million. According to company’s latest data on outstanding shares, there are 5.31 billion shares outstanding.
Nearly 0.00% of Banco Bradesco S.A. ADR’s shares belong to company insiders and institutional investors own 19.50% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 35.09 million shares as on Mar 15, 2024, resulting in a short ratio of 1.39. According to the data, the short interest in Banco Bradesco S.A. ADR (BBD) stood at 0.20% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 29.45 million. The stock has fallen by -17.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BBD stock heading into the next quarter.
