Banco Bradesco S.A. ADR (NYSE:BBD) traded at $2.72 at close of the session on Friday, April 26, made an upward move of 2.64% on its previous day’s price.
Looking at the stock we see that its previous close was $2.65 . The company has a trailing 12-month PE ratio of 10.20. In terms of its 52-week price range, BBD has a high of $3.55 and a low of $2.50. The company’s stock has lost about -6.53% over that past 30 days.
Banco Bradesco S.A. ADR has a market cap of $14.45 billion. With its Forward Dividend at 0.08 and a yield of 3.06%, the company’s investors could be anxious for the BBD stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.07, with the EPS growth for the year raised at $0.35 for 2024 and $0.49 for next year. These figures represent 9.40% and 40.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $5.71 billion, with a low of $5.71 billion and a high of $5.71 billion. The median projection represents growth adding up to -0.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $24.4 billion, or 21.50% up from figures reported last year.
On the other hand, looking at the outlook for the BBD stock, short term indicators assign the stock an average of 100% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the BBD stock currently stands at 0.37, and the current price level is -1.68% off its SMA20 and -2.60% from its 50-day simple moving average. The RSI (14) is pointing at 45.86 while the volatility over the past week is 2.01% and jumps to 2.41% over the past one month. The beta value is 0.98, while the average true range (ATR) is currently pointing at 0.07.
Coming back to Banco Bradesco S.A. ADR (NYSE:BBD), we note that the average 3-month trading volume was 16.31 million. Current shares outstanding are 5.31 billion.
The insiders hold 0.00% of the company’s shares while institutions hold 19.43%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -22.00% down in year-to-date price movement.
