As of Wednesday close, Centrais Eletricas Brasileiras S.A.’s (NYSE:EBR) stock was down -$0.21, moving down -3.00 percent to $6.80. The average number of shares traded per day over the past five days has been 1,361,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.72 fall in that time frame. In the last twenty days, the average volume was 972,990, while in the previous 50 days, it was 1,070,698.
Since last month, EBR stock retreated -14.03%. Shares of the company fell to $6.70 on 08/16/23, the lowest level in the past month. A 52-week high of $10.39 was reached on 01/12/23 after having rallying from a 52-week low of $5.67. Since the beginning of this year, EBR’s stock price has dropped by -14.25% or -$1.13, and marked a new high 6 times. However, the stock has declined by -34.52% since its 52-week high.
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Valuation Metrics
The latest dividend of $0.0443 per share was paid out, which is -66.18% less than last year’s $0.1310. On Thursday May 4 2023, a $0.0867 dividend decrease was announced.
Financial Health
Based on annual data, EBR earned $1.0 billion in gross profit and brought in $6.6 billion in revenue.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EBR’s revenue fell -10.4% during the quarter, while net income inched up to $6.47 billion. During the quarter, the company generated $1.2 billion in EBITDA. The liabilities of Centrais Eletricas Brasileiras S.A. were 30.7 billion at the end of its most recent quarter.
Technical Picture
This quick technical analysis looks at Centrais Eletricas Brasileiras S.A.’s (EBR) price momentum. With a historical volatility rate of 29.17%, the RSI 9-day stood at 20.24% on 16 August.
With respect to its five-day moving average, the current Centrais Eletricas Brasileiras S.A. price is down by -9.57% percent or -$0.72. At present, EBR shares trade -13.81% below its 20-day simple moving average and +18.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.61% below its SMA50 and -23.94% below its SMA200.
Stochastic coefficient K was 3.93% and Stochastic coefficient D was 9.05%, while ATR was 0.26. Given the Stochastic reading of 6.15% for the 14-day period, the RSI (14) reading has been calculated as 27.33%. As of today, the MACD Oscillator reading stands at -0.29, while the 14-day reading stands at -0.49.
Analyst Ratings
Centrais Eletricas Brasileiras S.A. (EBR) has been rated Buy by analysts. According to 0 brokerage firms, EBR is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Centrais Eletricas Brasileiras S.A. stock as buy, with 10 recommending it as overweight.
With a median target price of $11.60, the current consensus forecast for the stock is $6.81 – $14.55. Based on these forecasts, analysts predict Centrais Eletricas Brasileiras S.A. (EBR) will achieve an average price target of $11.41.
