Ambev S.A. ADR (NYSE:ABEV) shares, rose in value, with the stock price down by -1.63% to the previous day’s close as strong demand from buyers drove the stock to $2.41.
Actively observing the price movement in the last trading, the stock closed the session at $2.45. The value of beta (5-year monthly) was 0.54 whereas the PE ratio was 13.14 over 12-month period. Referring to stock’s 52-week performance, its high was $3.06, and the low was $2.29. On the whole, ABEV has fluctuated by -5.12% over the past month.
The company’s Forward Dividend Ratio is 0.15, with its dividend yield at 6.27%. 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 $0.04, which is expected to increase to $0.04 for fiscal year $0.17 and then to about $0.19 by fiscal year 2025. Data indicates that the EPS growth is expected to be -10.50% in 2025, while the next year’s EPS growth is forecast to be 11.80%.
Analysts have estimated the company’s revenue for the quarter at $3.98 billion, with a low estimate of $3.96 billion and a high estimate of $4 billion. According to the average forecast, sales growth in current quarter could jump up 0.60%, 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 $16.06 billion, representing an increase of 0.60% 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 ABEV’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 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.99, with the price of ABEV currently trading nearly -3.25% and -5.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 36.71, while the 7-day volatility ratio is showing 2.93% which for the 30-day chart, stands at 1.90%. Furthermore, Ambev S.A. ADR (ABEV)’s beta value is 1.09, and its average true range (ATR) is 0.05.
A comparison of Ambev S.A. ADR (ABEV) with its peers suggests the former has fared considerably weaker in the market. ABEV showed an intraday change of -1.63% in last session, and over the past year, it shrunk by -9.88%%.
Data on historical trading for Ambev S.A. ADR (NYSE:ABEV) indicates that the trading volumes over the past 10 days have averaged 13.38 million and over the past 3 months, they’ve averaged 11.85 million. According to company’s latest data on outstanding shares, there are 15.75 billion shares outstanding.
Nearly 0.00% of Ambev S.A. ADR’s shares belong to company insiders and institutional investors own 8.56% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.39 million shares as on Mar 15, 2024, resulting in a short ratio of 0.28. According to the data, the short interest in Ambev S.A. ADR (ABEV) stood at 0.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.89 million. The stock has fallen by -13.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ABEV stock heading into the next quarter.
