How Banco Bradesco S.A. (BBD) Works From A Technical Perspective


Banco Bradesco S.A. (NYSE:BBD) finished Thursday with an addition of $0.01 to close at $2.91, an upside of 0.34 percent. An average of 23,916,461 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 29,568,959 shares traded, while the 50-day average volume stands at 43,420,949.

BBD stock has increased by 0.47% in the last month. The company shares reached their 1-month lowest point of $2.50 on 12/14/22. With the stock rallying to its 52-week high on 05/31/22, shares of the company touched a low of $2.50 and a high of $4.29 in 52 weeks. It has reached a new high 25 times so far this year and lost -5.35% or -$0.20 in price. In spite of this, the price is down -32.21% from the 52-week high.

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Valuation Metrics

Banco Bradesco S.A. (BBD) has a trailing price-to-earnings (P/E) ratio of 3.42. The stock’s beta is 0.78. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.08, the price-to-book (PB) ratio at 0.50.

The company has a payout ratio of 114.90%. The company’s most recent quarterly dividend payment was $0.0036 a share, without any change from last year. Its latest increase dividend $0.0006 reported on Thursday December 29 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $13.62 billion compared to revenue of $22.15 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 Bradesco S.A.’s return on assets was 1.30%.

Earnings Surprise

The analyst consensus anticipated Banco Bradesco S.A.’s latest quarter earnings to come in at $0.12 per share, but it turned out to be $0.09, a -25.00% surprise. At the end of the quarter ending September 29, Banco Bradesco S.A.’s stock balance sheet showed total debt was $617.7 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Banco Bradesco S.A. (BBD) price momentum. RSI 9-day as of the close on 29 December was 57.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.31%.

As of today, BBD’s price is $2.87 +2.46% or $0.07 from its 5-day moving average. BBD is currently trading -2.02% lower than its 20-day SMA and -18.72% lower than its 100-day SMA. However, the stock’s current price level is -23.42% below the SMA50 and -19.37% below the SMA200.

The stochastic %K and %D were 77.54% and 79.23%, respectively, and the average true range (ATR) was 0.12. With the 14-day stochastic at 89.13% and the average true range at 0.12, the RSI (14) stands at 51.98%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.

Analyst Ratings

JP Morgan upgraded Banco Bradesco S.A. (NYSE: BBD) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Banco Bradesco S.A. (BBD) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BBD, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

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

Analysts predict a range of price targets between $3.50 and $5.20, with a median target of $4.35. Taking a look at these predictions, the average price target given by analysts for Banco Bradesco S.A. (BBD) stock is $4.35.


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