Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) price closed lower on Friday, April 12, dropping -1.75% below its previous close.
A look at the daily price movement shows that the last close reads $16.00. The company’s P/E ratio in the trailing 12-month period read 4.11. Taking into account the 52-week price action we note that the stock hit a 52-week high of $17.91 and 52-week low of $9.30. The stock added 6.14% on its value in the past month.
Petroleo Brasileiro S.A. Petrobras ADR, which has a market valuation of $58.50 billion. The company stock has a Forward Dividend ratio of 0.69, while the dividend yield is 4.40%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
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 PBR a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 50% Buy.
The overview shows that PBR’s price is at present 3.56% off the SMA20 and -2.76% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 51.91, with weekly volatility standing at 2.66%. The indicator jumps to 2.65% when calculated based on the past 30 days. Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR)’s beta value is holding at 1.53, while the average true range (ATR) indicator is currently reading 0.45. An analysis of the Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) stock in terms of its daily trading volume indicates that the 3-month average is 20.10 million.
Current records show that the company has 3.72B in outstanding shares. The insiders’ percentage holdings are 0.01% of outstanding shares while the percentage share held by institutions stands at 20.79%. But the -1.57% downside, 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.
