The Insider Activity Of BRF S.A. (BRFS) Is Worth Monitoring

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BRF S.A. (NYSE:BRFS) finished Thursday with an addition of $0.09 to close at $1.60, an upside of 5.96 percent. An average of 3,481,740 shares of common stock have been traded in the last five days. There was a gain of $0.1900 in the past week, and it reached a new high 7 times over the past 12 months. The last 20 days have seen an average of 4,232,340 shares traded, while the 50-day average volume stands at 4,201,664.

BRFS stock has decreased by -17.10% in the last month. The company shares reached their 1-month lowest point of $1.2700 on 12/19/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $1.27 and a high of $4.49 in 52 weeks. It has reached a new high 5 times so far this year and lost -60.88% or -$2.4900 in price. In spite of this, the price is down -64.37% from the 52-week high.

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Valuation Metrics

BRF S.A. (BRFS) stock’s beta is 1.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.16, the price-to-book (PB) ratio at 0.74, and the price-to-cash flow ratio at 34.55.

Financial Health

The quick ratio of BRF S.A. for the three months ended June 29 was 0.70, and the current ratio was 1.30, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.94 and a total debt to equity ratio of 2.25 for the quarter ending June 29. Its gross profit as reported stood at $1.88 billion compared to revenue of $8.96 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, BRF S.A.’s return on assets was -2.30%.

Earnings Surprise

For the three-month period that ended June 29, BRF S.A. had $185.47 million in cash and short-term investments compared to $61.77 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $83.1 million in the quarter, while revenues were shrunk -1735.14%. The analyst consensus anticipated BRF S.A.’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.1, a -233.30% surprise. For the quarter, EBITDA amounted to $234.44 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at BRF S.A. (BRFS) price momentum. RSI 9-day as of the close on 29 December was 58.90%, suggesting the stock is Neutral, with historical volatility in this time frame at 64.26%.

As of today, BRFS’s price is $1.4800 +13.48% or $0.1900 from its 5-day moving average. BRFS is currently trading -12.09% lower than its 20-day SMA and -51.81% lower than its 100-day SMA. However, the stock’s current price level is -42.45% below the SMA50 and -47.19% below the SMA200.

The stochastic %K and %D were 68.97% and 57.72%, respectively, and the average true range (ATR) was 0.1005. With the 14-day stochastic at 97.06% and the average true range at 0.1042, the RSI (14) stands at 48.90%. The stock has reached 0.0756 on the 9-day MACD Oscillator while the 14-day reading was at 0.0871.

Analyst Ratings

Barclays upgraded BRF S.A. (NYSE: BRFS) to a an Equal weight rating in its most recent analyst report. Previously, the stock was rated as an Underweight. The consensus rating for BRF S.A. (BRFS) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell BRFS, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 3 others rate it as a “buy”.

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

Analysts predict a range of price targets between $1.50 and $4.55, with a median target of $3.04. Taking a look at these predictions, the average price target given by analysts for BRF S.A. (BRFS) stock is $3.13.


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