The stock of Itau Unibanco Holding S.A. (NYSE:ITUB) decreased by -$0.13 on Monday to finish at $5.45, down -2.33 percent. The last five days have seen an average of 20,665,600 shares of common stock traded. 27 times new highs were reached in the current year, with a gain of $0.74. The average number of shares traded over the last 20 days was 20,543,574, while the average volume over the last 50 days totaled 18,485,512.
ITUB stock dropped -6.62% since last month. On 08/14/23, the company’s shares reached a one-month low of $5.44. The stock touched a high of $6.15 on 07/24/23, after rallying from a low of $4.10 in 52 weeks. The price of ITUB stock has risen by 18.71% or $0.74 this year, reaching a new high 27 times. Still, the stock price is down -11.33% from the 52-week high.
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Valuation Metrics
Itau Unibanco Holding S.A. (ITUB) has a trailing price-to-earnings (P/E) ratio of 8.65. Beta for the stock is 0.72. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.17, the price-to-book (PB) ratio of 1.52, and the price-to-cash flow ratio of 1.88.
Company paid $0.0030 per share in dividends, a decrease of -91.89% from $0.0370 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.61, and the total debt to equity ratio is 4.28. Itau Unibanco Holding S.A.’s operating margin stood at 15.60% for the same period. Based on annual data, it had gross profit of $10.03 billion and revenue of $36.86 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ITUB’s return on assets (ROA) during the last 12 months has been 1.30%. There was a 1.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 18.40%.
Earnings Surprise
According to Itau Unibanco Holding S.A.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $27.52 billion, while revenues rose by 12.76% to $0.0. It was predicted that Itau Unibanco Holding S.A.’s quarterly earnings would be $0.18, but it ended up being $0.17, beating the consensus by 5.90%. At the end of Itau Unibanco Holding S.A.’s most recent quarter ended June 29, its total debt was $827.03 billion.
Technical Picture
Here’s a quick look at Itau Unibanco Holding S.A.’s (ITUB) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 26.37%, suggesting the stock is oversold, with a 15.64% historical volatility rate.
The stochastic %K and %D were 15.91% and 17.73% respectively, while the average true range (ATR) was 0.14. Based on the 14-day stochastic reading of 1.59%, the RSI (14) reading is 34.03%. On the 9-day MACD Oscillator, the stock is at -0.09, and the 14-day reading is at -0.21.
Analyst Ratings
In its most recent analyst report, Barclays raised its rating on Itau Unibanco Holding S.A. (NYSE: ITUB) to an Overweight. Prior to this, analysts firm rated the stock as an Equal weight.
