As of Friday close, Banco Bradesco S.A.’s (NYSE:BBD) stock was down -$0.27, moving down -7.94 percent to $3.13. The average number of shares traded per day over the past five days has been 30,197,121 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.36 fall in that time frame. In the last twenty days, the average volume was 23,793,430, while in the previous 50 days, it was 22,433,359.
Since last month, BBD stock retreated -4.47%. Shares of the company fell to $3.12 on 08/04/23, the lowest level in the past month. A 52-week high of $3.90 was reached on 06/21/23 after having rallying from a 52-week low of $2.30. Since the beginning of this year, BBD’s stock price has risen by 15.70% or $0.25, and marked a new high 23 times. However, the stock has declined by -19.72% since its 52-week high.
Valuation Metrics
Right now, Banco Bradesco S.A. (BBD) has a P/E ratio of about 8.79. The stock’s beta is 0.76. Besides these, the trailing price-to-sales (P/S) ratio of 1.98, the price-to-book (PB) ratio of 1.02.
The latest dividend of $0.0039 per share was paid out, remained unchanged from last year’s $0.0039. On Tuesday June 13 2023, a $0.0004 dividend increase was announced.
Financial Health
In the year ended June 29, operating margins totaled 53.80%. Based on annual data, BBD earned $13.42 billion in gross profit and brought in $38.86 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 9.30%. Return on equity (ROE) for the past 12 months was 11.60%.
While analysts expected Banco Bradesco S.A. to report $0.09 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by -11.10%.
Technical Picture
This quick technical analysis looks at Banco Bradesco S.A.’s (BBD) price momentum. With a historical volatility rate of 47.83%, the RSI 9-day stood at 27.77% on 04 August.
With respect to its five-day moving average, the current Banco Bradesco S.A. price is down by -10.32% percent or -$0.36. At present, BBD shares trade -6.85% below its 20-day simple moving average and +22.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.69% below its SMA50 and -16.53% below its SMA200.
Stochastic coefficient K was 18.06% and Stochastic coefficient D was 30.83%, while ATR was 0.12. Given the Stochastic reading of 1.92% for the 14-day period, the RSI (14) reading has been calculated as 34.97%. As of today, the MACD Oscillator reading stands at -0.10, while the 14-day reading stands at -0.12.
Analyst Ratings
Banco Bradesco S.A. downgraded its rating on Banco Bradesco S.A. (NYSE: BBD) to a Neutral in a note to investors on February 16, 2023. The analysts firm previously had a Buy rating on the stock.Banco Bradesco S.A. (BBD) has been rated Overweight by analysts. According to 0 brokerage firms, BBD is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Banco Bradesco S.A. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.20, the current consensus forecast for the stock is $3.00 – $5.10. Based on these forecasts, analysts predict Banco Bradesco S.A. (BBD) will achieve an average price target of $4.10.
