Ambev S.A. (NYSE:ABEV) saw a downside of -0.68% to close Tuesday at $2.94 after subtracting -$0.02 on the day. The 5-day average trading volume is 12,589,840 shares of the company’s common stock. It has gained $3.13 in the past week and touched a new high 1 time within the past 5 days. An average of 14,501,180 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,330,652.
ABEV’s 1-month performance is -3.61% or -$0.09 on its low of $2.92 reached on 08/08/23. The company’s shares have touched a 52-week low of $2.40 and high of $3.24, with the stock’s rally to the 52-week high happening on 06/23/23. YTD, ABEV has achieved 8.09% or $0.22 and has reached a new high 17 times. However, the current price is down -9.26% from the 52-week high price.
Valuation Metrics
ABEV stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.75 while the price-to-book (PB) in the most recent quarter is 2.67.
Ambev S.A.’s quick ratio for the recent period was 0.70, with the current ratio over the same period at 1.00.. In terms of profitability, the gross margin trailing 12 months is 49.90%. The trailing 12-month EBITDA margin is 27.85%. The firm’s gross profit as reported stood at $7.61 billion against revenue of $15.44 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 12.36% to $2.75 billion, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $1.06 billion. ABEV stock balance sheet for the recent quarter shows that total liabilities totaled 9.48 billion, with total debt at $4.1 billion.
Let’s look briefly at Ambev S.A. (ABEV) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 31.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.39%.
The stock’s 5-day moving average is $2.98, reflecting a -5.16% or -$0.16 change from its current price. ABEV is currently trading -2.00% above its 20-day SMA, +10.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +1.03% and SMA200 by+6.52%.
Stochastic %K and %D was 9.91% and 13.08% and the average true range (ATR) pointed at 0.07. The RSI (14) points at 37.85%, while the 14-day stochastic is at 6.67% with the period’s ATR at 0.07. The stock’s 9-day MACD Oscillator is pointing at -0.08 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Ambev S.A. (NYSE: ABEV), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for ABEV stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate ABEV as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 9 have offered a “buy” rating.
What is ABEV’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.70 and a high of $5.00, with their median price target at $3.62. Looking at these predictions, the average price target given by analysts is for Ambev S.A. (ABEV) stock is $3.68.
