The stock of Vale S.A. (NYSE:VALE) decreased by -$0.44 on Monday to finish at $12.47, down -3.44 percent. The last five days have seen an average of 22,562,000 shares of common stock traded. 9 times new highs were reached in the current year, with a fall of -$4.50. The average number of shares traded over the last 20 days was 21,262,445, while the average volume over the last 50 days totaled 21,536,289.
VALE stock dropped -9.99% since last month. On 08/14/23, the company’s shares reached a one-month low of $12.45. The stock touched a high of $18.72 on 01/26/23, after rallying from a low of $11.32 in 52 weeks. The price of VALE stock has declined by -24.21% or -$4.50 this year, reaching a new high 9 times. Still, the stock price is down -33.39% from the 52-week high.
Valuation Metrics
Vale S.A. (VALE) has a trailing price-to-earnings (P/E) ratio of 4.84. Beta for the stock is 0.90. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.36, the price-to-book (PB) ratio of 1.43.
Company paid $0.4056 per share in dividends, an increase of 14.51% from $0.3542 last year. A $0.0515 dividend increase was reported on Friday July 28 2023.
Financial Health
For the three months ended June 29, Vale S.A.’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.34, and the total debt to equity ratio is 0.36. As far as profitability goes, gross margin for the trailing twelve months is 39.10% percent. Vale S.A.’s EBITDA margin for the year ended June 29 was 48.19%, whereas its operating margin stood at 30.40% for the same period. Based on annual data, it had gross profit of $19.81 billion and revenue of $43.84 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. VALE’s return on assets (ROA) during the last 12 months has been 12.80%. There was a 29.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 30.60%.
Earnings Surprise
According to Vale S.A.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Vale S.A.’s quarterly earnings would be $0.2, but it ended up being $0.55, beating the consensus by -63.60%. EBITDA was $3.65 billion for the quarter. At the end of Vale S.A.’s most recent quarter ended June 29, its liabilities totaled 51.23 billion, while its total debt was $16.47 billion.
Technical Picture
Here’s a quick look at Vale S.A.’s (VALE) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 19.95%, suggesting the stock is oversold, with a 28.57% historical volatility rate.
The stochastic %K and %D were 2.22% and 5.93% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 0.71%, the RSI (14) reading is 29.11%. On the 9-day MACD Oscillator, the stock is at -0.46, and the 14-day reading is at -0.83.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Vale S.A. (NYSE: VALE) to an Outperform. Prior to this, analysts firm rated the stock as a Peer perform. Analysts have assigned Vale S.A. (VALE) an Overweight rating. VALE is a stock that is recommended for selling by 2 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 13 others recommend it as a buy.
What is VALE’s price target for the next 12 months?
The current consensus forecast for the stock is between $11.70 and $20.13, with a median target price of $17.00. In analyzing these forecasts, the average price target given by analysts for Vale S.A. (VALE) is $16.48.
