Ambev S.A. (ABEV) Reached A New High 3 times During The Past Five Days


As of Wednesday close, Ambev S.A.’s (NYSE:ABEV) stock was up $0.05, moving up 1.74 percent to $2.92. The average number of shares traded per day over the past five days has been 28,814,920 shares. 3 times new highs have been achieved over the past 5 days, with a $0.09 gain in that time frame. In the last twenty days, the average volume was 31,527,285, while in the previous 50 days, it was 32,012,068.

Since last month, ABEV stock rose 5.42%. Shares of the company fell to $2.74 on 10/26/22, the lowest level in the past month. A 52-week high of $3.32 was reached on 04/12/22 after having rallying from a 52-week low of $2.42. Since the beginning of this year, ABEV’s stock price has risen by 4.29% or $0.12, and marked a new high 17 times. However, the stock has declined by -11.92% since its 52-week high.

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Valuation Metrics

Right now, Ambev S.A. (ABEV) has a P/E ratio of about 19.21. The stock’s beta is 1.06. Besides these, the trailing price-to-sales (P/S) ratio of 3.12, the price-to-book (PB) ratio of 2.75, and the price-to-cash flow ratio of 75.97 may also be considered.

The latest dividend of $0.0839 per share was paid out, which is 73.71% more than last year’s $0.0483. On Monday December 13 2021, a $0.0356 dividend increase was announced.

Financial Health

In the three months ended September 29, Ambev S.A.’s quick ratio stood at 0.80, while its current ratio was 1.20, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.02, and the total debt-to-equity ratio was 0.03. On the profitability front, the trailing twelve-month gross margin is 49.50% percent. In the year ended September 29, operating margins totaled 24.00%. Based on annual data, ABEV earned $6.89 billion in gross profit and brought in $13.5 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 20.10%. Return on equity (ROE) for the past 12 months was 15.50%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ABEV’s revenue fell -321.74% during the quarter, while net income inched up to $13.84 billion. While analysts expected Ambev S.A. to report $0.03 quarterly earnings, the actual figure was $0.04 per share, beating the consensus estimate by 33.30%. During the quarter, the company generated $1.03 billion in EBITDA. The liabilities of Ambev S.A. were 9.64 billion at the end of its most recent quarter ended September 29, and its total debt was $3.42 billion.

Technical Picture

This quick technical analysis looks at Ambev S.A.’s (ABEV) price momentum. With a historical volatility rate of 38.06%, the RSI 9-day stood at 48.17% on 23 November.

With respect to its five-day moving average, the current Ambev S.A. price is up by +3.18% percent or $0.09. At present, ABEV shares trade +4.29% above its 20-day simple moving average and +14.06% percent above its 100-day simple moving average.

Stochastic coefficient K was 31.29% and Stochastic coefficient D was 27.89%, while ATR was 0.10. Given the Stochastic reading of 34.69% for the 14-day period, the RSI (14) reading has been calculated as 48.79%. As of today, the MACD Oscillator reading stands at -0.01, while the 14-day reading stands at -0.09.

Analyst Ratings

JP Morgan upgraded its rating on Ambev S.A. (NYSE: ABEV) to an Overweight in a note to investors on July 13, 2022. The analysts firm previously had a Neutral rating on the stock.Ambev S.A. (ABEV) has been rated Overweight by analysts. According to 3 brokerage firms, ABEV is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Ambev S.A. stock as buy, with 9 recommending it as overweight.

With a median target price of $3.40, the current consensus forecast for the stock is $2.30 – $5.00. Based on these forecasts, analysts predict Ambev S.A. (ABEV) will achieve an average price target of $3.54.


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