Is Buying Stock In Popular Inc. (BPOP) A Good Move Today?

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Popular Inc. (NASDAQ:BPOP) saw a downside of -4.53% to $65.25 after subtracting -$3.09 on Wednesday. The 5-day average trading volume is 510,709 shares of the company’s common stock. It has gained $70.01 in the past week and touched a new high 3 times within the past 5 days. An average of 474,412 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 466,091.

BPOP’s 1-month performance is 6.63% or $0.18 on its low of $62.63 reached on 01/25/23. The company’s shares have touched a 52-week low of $62.55 and high of $95.28, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, BPOP has achieved 3.05% or -$1.15 and has reached a new high 7 times. However, the current price is down -31.52% from the 52-week high price.

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Insider Transactions

BPOP stock investors last saw insider trading activity on Aug 26.Garcia Jorge J. (Senior VP & Comptroller) most recently sold 1,383 shares at $80.22 per share on Aug 26. This transaction cost the insider $110,937. Executive Vice President & CFO, VAZQUEZ CARLOS J, sold 9,635 shares at a price of $80.38 on Aug 26. Then, on Aug 17, Executive Vice President SEPULVEDA ELI sold 5,000 shares at a price of $81.09 per share. This transaction amounted to $405,470.

Valuation Metrics

BPOP stock has a beta of 0.87. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.12 while the price-to-book (PB) in the most recent quarter is 1.38, with the price to cash flow ratio at 5.56.

As well, the company’s long term debt to equity for the quarter ending September 29 was 0.14, while the total debt to equity was 0.26. The firm’s gross profit as reported stood at $1.96 billion against revenue of $2.12 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected BPOP to announce $2.71 per share in earnings in its latest quarter, but it posted $5.7, representing a 110.30% surprise. Shareholders hold equity totaling $72.69 million.

Let’s look briefly at Popular Inc. (BPOP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 38.04% to suggest the stock is trending Neutral, with historical volatility in this time period at 33.23%.

The stock’s 5-day moving average is $67.72, reflecting a -1.24% or -$0.82 change from its current price. BPOP is currently trading +0.27% above its 20-day SMA, -15.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.19% and SMA200 by-18.21%.

Stochastic %K and %D was 60.46% and 69.87% and the average true range (ATR) pointed at 2.11. The RSI (14) points at 42.20%, while the 14-day stochastic is at 34.33% with the period’s ATR at 1.98. The stock’s 9-day MACD Oscillator is pointing at -0.22 and -0.23 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for BPOP stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate BPOP as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 5 have offered a “buy” rating.

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