Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) shares, rose in value, with the stock price down by -0.88% to the previous day’s close as strong demand from buyers drove the stock to $16.81.
Actively observing the price movement in the last trading, the stock closed the session at $16.96. The PE ratio was 4.40 over 12-month period. Referring to stock’s 52-week performance, its high was $17.91, and the low was $9.30. On the whole, PBR has fluctuated by 12.52% over the past month.
The company’s Forward Dividend Ratio is 1.21, with its dividend yield at 7.18%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 97.6B, with a low estimate of 23.45B and a high estimate of 25.82B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 24.54B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PBR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of PBR currently trading nearly 6.79% and 5.12% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.86, while the 7-day volatility ratio is showing 3.13% which for the 30-day chart, stands at 2.64%. Furthermore, Petroleo Brasileiro S.A. Petrobras ADR (PBR)’s beta value is 1.49, and its average true range (ATR) is 0.45.
A comparison of Petroleo Brasileiro S.A. Petrobras ADR (PBR) with its peers suggests the former has fared considerably weaker in the market. PBR showed an intraday change of -0.88% in last session, and over the past year, it grew by 60.41%%.
Data on historical trading for Petroleo Brasileiro S.A. Petrobras ADR (NYSE:PBR) indicates that the trading volumes over the past 3 months, they’ve averaged 21.37 million. According to company’s latest data on outstanding shares, there are 3.72 billion shares outstanding.
Nearly 0.01% of Petroleo Brasileiro S.A. Petrobras ADR’s shares belong to company insiders and institutional investors own 20.83% of the company’s shares. The stock has risen by 5.26% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PBR stock heading into the next quarter.
