Embraer S.A. (NYSE:ERJ) finished Thursday with an addition of $0.04 to close at $14.80, an upside of 0.24 percent. An average of 1,102,379 shares of common stock have been traded in the last five days. There was a gain of $0.47 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 1,267,785 shares traded, while the 50-day average volume stands at 1,349,990.
ERJ stock has decreased by -1.37% in the last month. The company shares reached their 1-month lowest point of $14.14 on 08/07/23. With the stock rallying to its 52-week high on 06/15/23, shares of the company touched a low of $8.52 and a high of $17.14 in 52 weeks. It has reached a new high 32 times so far this year and achieved 35.36% or $3.95 in price. In spite of this, the price is down -13.68% from the 52-week high.
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Valuation Metrics
Embraer S.A. (ERJ) stock’s beta is 1.32. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.58, the price-to-book (PB) ratio at 1.04.
Financial Health
The quick ratio of Embraer S.A. for the three months ended March 30 was 0.90, and the current ratio was 1.70, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.23 and a total debt to equity ratio of 1.35 for the quarter ending March 30. Embraer S.A.’s EBITDA margin for the year ending March 30 is 8.71%. Its gross profit as reported stood at $912.2 million compared to revenue of $4.54 billion.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$185.4 million in the quarter, while revenues were grew 75.89%. The analyst consensus anticipated Embraer S.A.’s latest quarter earnings to come in at -$0.01 per share, but it turned out to be -$0.48, a -4,700.00% surprise. For the quarter, EBITDA amounted to -$6.4 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Embraer S.A. (ERJ) price momentum. RSI 9-day as of the close on 10 August was 47.57%, suggesting the stock is Neutral, with historical volatility in this time frame at 28.97%.
As of today, ERJ’s price is $14.74 +3.26% or $0.47 from its 5-day moving average. ERJ is currently trading +2.27% higher than its 20-day SMA and -1.52% lower than its 100-day SMA.
The stochastic %K and %D were 33.68% and 31.35%, respectively, and the average true range (ATR) was 0.45. With the 14-day stochastic at 38.95% and the average true range at 0.45, the RSI (14) stands at 47.88%. The stock has reached -0.15 on the 9-day MACD Oscillator while the 14-day reading was at -0.33.
Analyst Ratings
UBS launched coverage on Embraer S.A. (NYSE: ERJ) in its analyst report released on January 09, 2023. The firm assigned the stock a Buy rating. The consensus rating for Embraer S.A. (ERJ) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ERJ, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 12 others rate it as a “buy”.
What is ERJ’s price target for the next 12 months?
Analysts predict a range of price targets between $4.52 and $28.00, with a median target of $19.50. Taking a look at these predictions, the average price target given by analysts for Embraer S.A. (ERJ) stock is $19.69.
