The stock of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) increased by $0.45 on Wednesday to $16.10, up 2.91 percent. The last five days have seen an average of 1,391,753 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $6.59. The average number of shares traded over the last 20 days was 869,113, while the average volume over the last 50 days totaled 933,217.
GGAL stock dropped -6.69% since last month. On 08/14/23, the company’s shares reached a one-month low of $13.92. The stock touched a high of $18.34 on 07/24/23, after rallying from a low of $6.57 in 52 weeks. The price of GGAL stock has risen by 76.43% or $6.59 this year, reaching a new high 22 times. Still, the stock price is down -12.19% from the 52-week high.
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Valuation Metrics
Grupo Financiero Galicia S.A. (GGAL) has a trailing price-to-earnings (P/E) ratio of 10.70. Beta for the stock is 1.80. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.19, the price-to-book (PB) ratio of 0.90.
Company paid $0.1606 per share in dividends, a decrease of -5.92% from $0.1707 last year. A $0.0102 dividend decrease was reported on Thursday July 20 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.58, and the total debt to equity ratio is 0.58. Based on annual data, it had gross profit of $1.17 billion and revenue of $5.52 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 7.90% return on investment (ROI) in the past year.
Earnings Surprise
According to Grupo Financiero Galicia S.A.’s quarterly financial report for the quarter that ended December 30. It was predicted that Grupo Financiero Galicia S.A.’s quarterly earnings would be $1.13, but it ended up being $0.88, beating the consensus by 28.40%. At the end of Grupo Financiero Galicia S.A.’s most recent quarter ended December 30, its total debt was $448.16 billion.
Technical Picture
Here’s a quick look at Grupo Financiero Galicia S.A.’s (GGAL) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 48.12%, suggesting the stock is Neutral, with a 54.85% historical volatility rate.
The stochastic %K and %D were 52.42% and 50.86% respectively, while the average true range (ATR) was 1.02. Based on the 14-day stochastic reading of 65.62%, the RSI (14) reading is 48.97%. On the 9-day MACD Oscillator, the stock is at -0.47, and the 14-day reading is at -0.44.
Analyst Ratings
Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was downgraded by JP Morgan to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral.
What is GGAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.57 and $14.26, with a median target price of $7.55. In analyzing these forecasts, the average price target given by analysts for Grupo Financiero Galicia S.A. (GGAL) is $8.98.
