Vale S.A. ADR (NYSE:VALE) price on Wednesday, May 09, fall -1.10% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.55.
A look at the stock’s price movement, the close in the last trading session was $12.69. The PE ratio in trailing twelve months stood at 6.91. Turning to its 52-week performance, $16.08 and $11.52 were the 52-week high and 52-week low respectively. Overall, VALE moved 0.40% over the past month.
Vale S.A. ADR’s market cap currently stands at around $53.72 billion. The company has a Forward Dividend ratio of 0.39, with its dividend yield at 3.10%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 10.15B for the company’s revenue for the quarter, with a low and high estimate of 9.97B and 10.33B respectively. The average forecast suggests up to a 4.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 41.14B, representing a -1.50% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that VALE is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
VALE’s current price about 2.76% and 0.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.65, while 7-day volatility ratio is 1.49% and 1.97% in the 30-day chart. Further, Vale S.A. ADR (VALE) has a beta value of 0.99, and an average true range (ATR) of 0.29.
If we refocus on Vale S.A. ADR (NYSE:VALE), historical trading data shows that trading volumes averaged 27.95 million over the past 3 months. The company’s latest data on shares outstanding shows there are 4.30 billion shares.
The 0.00% of Vale S.A. ADR’s shares are in the hands of company insiders while institutional holders own 17.98% of the company’s shares. Current price change has pushed the stock -20.87% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the VALE stock continues to rise going into the next quarter.
