How Do Things Look For BBVA Argentina ADR (NYSE: BBAR) In The Short-Term?

BBVA Argentina ADR (NYSE:BBAR) price is hovering lower on Tuesday, April 16, dropping -0.74% below its previous close.

A look at today’s price movement shows that the recent level at last check reads $8.14. Taking into account the 52-week price action we note that the stock hit a 52-week high of $9.51 and 52-week low of $3.51. The stock added 3.06% on its value in the past month.

BBVA Argentina ADR, which has a market valuation of $1.65 billion. The company stock has a Forward Dividend ratio of 0.00, while the dividend yield is 0.00%. 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 BBAR a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that BBAR’s price is at present -5.46% off the SMA20 and 12.69% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.56, with weekly volatility standing at 5.76%. The indicator jumps to 5.47% when calculated based on the past 30 days. BBVA Argentina ADR (NYSE:BBAR)’s beta value is holding at 1.64, while the average true range (ATR) indicator is currently reading 0.45.

An analysis of the BBVA Argentina ADR (NYSE:BBAR) stock in terms of its daily trading volume indicates that the 3-month average is 1.03 million.

Current records show that the company has 204.24M in outstanding shares. The percentage share held by institutions stands at 2.66%. But the 49.65% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.

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