Ambev S.A. ADR (NYSE:ABEV) price on Wednesday, May 09, fall -3.66% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.37.
A look at the stock’s price movement, the close in the last trading session was $2.46. The PE ratio in trailing twelve months stood at 12.77. Turning to its 52-week performance, $3.06 and $2.23 were the 52-week high and 52-week low respectively. Overall, ABEV moved -3.27% over the past month.
Ambev S.A. ADR’s market cap currently stands at around $37.34 billion. The company has a Forward Dividend ratio of 0.15, with its dividend yield at 6.37%. 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 3.85B for the company’s revenue for the quarter, with a low and high estimate of 3.68B and 4B respectively. The average forecast suggests down to a -2.70% 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 16.23B, representing a 1.60% jump 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 ABEV is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.93, with ABEV’s current price about 1.17% and -2.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.00, while 7-day volatility ratio is 2.06% and 1.92% in the 30-day chart. Further, Ambev S.A. ADR (ABEV) has a beta value of 1.12, and an average true range (ATR) of 0.06.
If we refocus on Ambev S.A. ADR (NYSE:ABEV), historical trading data shows that trading volumes averaged 13.15 million over the past 3 months. The company’s latest data on shares outstanding shows there are 15.75 billion shares.
The 0.00% of Ambev S.A. ADR’s shares are in the hands of company insiders while institutional holders own 8.33% of the company’s shares. Current price change has pushed the stock -15.36% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ABEV stock continues to rise going into the next quarter.