3 times Within The Past Five Days, Banco BBVA Argentina S.A. (BBAR) Hit A New High

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Banco BBVA Argentina S.A. (NYSE:BBAR) finished Thursday with a subtraction of -$0.3 to close at $2.96, a downside of -9.05 percent. An average of 543,580 shares of common stock have been traded in the last five days. There was a fall of -$0.20 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 524,735 shares traded, while the 50-day average volume stands at 602,746.

BBAR stock has increased by 11.26% in the last month. The company shares reached their 1-month lowest point of $2.85 on 08/24/22. With the stock rallying to its 52-week high on 03/25/22, shares of the company touched a low of $1.98 and a high of $4.24 in 52 weeks. It has reached a new high 10 times so far this year and achieved 9.26% or -$0.17 in price. In spite of this, the price is down -30.13% from the 52-week high.


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Valuation Metrics

Banco BBVA Argentina S.A. (BBAR) has a trailing price-to-earnings (P/E) ratio of 4.50. The stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.91, the price-to-book (PB) ratio at 0.60, and the price-to-cash flow ratio at 11.80.

The company’s most recent quarterly dividend payment was $0.0191 a share, representing a up of 0.53% from $0.0190 last year. Its latest increase dividend $0.0001 reported on Friday September 16 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the quarter ending March 30. Its gross profit as reported stood at $1.3 billion compared to revenue of $2.26 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Banco BBVA Argentina S.A.’s return on assets was 2.40%.

Earnings Surprise

The analyst consensus anticipated Banco BBVA Argentina S.A.’s latest quarter earnings to come in at $0.15 per share, but it turned out to be $0.19, a 26.70% surprise. At the end of the quarter ending March 30, Banco BBVA Argentina S.A.’s stock balance sheet showed total debt was $21.1 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Banco BBVA Argentina S.A. (BBAR) price momentum. RSI 9-day as of the close on 22 September was 37.76%, suggesting the stock is Neutral, with historical volatility in this time frame at 58.15%.

As of today, BBAR’s price is $3.24 -6.29% or -$0.20 from its 5-day moving average. BBAR is currently trading -4.79% lower than its 20-day SMA and +3.83% higher than its 100-day SMA. However, the stock’s current price level is +38.60% above the SMA50 and -6.58% below the SMA200.

The stochastic %K and %D were 41.34% and 61.36%, respectively, and the average true range (ATR) was 0.17. With the 14-day stochastic at 2.79% and the average true range at 0.17, the RSI (14) stands at 44.85%. The stock has reached -0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.07.

Analyst Ratings

HSBC Securities upgraded Banco BBVA Argentina S.A. (NYSE: BBAR) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Reduce. The consensus rating for Banco BBVA Argentina S.A. (BBAR) among analysts is Sell. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BBAR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is BBAR’s price target for the next 12 months?

Analysts predict a range of price targets between $2.84 and $2.84, with a median target of $2.84. Taking a look at these predictions, the average price target given by analysts for Banco BBVA Argentina S.A. (BBAR) stock is $2.84.

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