As of Thursday close, Banco Bradesco S.A.’s (NYSE:BBD) stock was down -$0.03, moving down -0.98 percent to $3.02. The average number of shares traded per day over the past five days has been 29,737,420 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.12 fall in that time frame. In the last twenty days, the average volume was 26,621,105, while in the previous 50 days, it was 22,646,600.
Since last month, BBD stock retreated -12.87%. Shares of the company fell to $2.98 on 08/17/23, the lowest level in the past month. A 52-week high of $3.90 was reached on 06/21/23 after having rallying from a 52-week low of $2.30. Since the beginning of this year, BBD’s stock price has risen by 11.64% or $0.14, and marked a new high 23 times. However, the stock has declined by -22.54% since its 52-week high.
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Valuation Metrics
Right now, Banco Bradesco S.A. (BBD) has a P/E ratio of about 8.75. The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 2.04, the price-to-book (PB) ratio of 1.02.
The latest dividend of $0.0039 per share was paid out, remained unchanged from last year’s $0.0039.
Financial Health
In the year ended June 29, operating margins totaled 53.80%. Based on annual data, BBD earned $13.42 billion in gross profit and brought in $38.86 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 9.30%. Return on equity (ROE) for the past 12 months was 11.60%.
While analysts expected Banco Bradesco S.A. to report $0.09 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by -11.10%.
Technical Picture
This quick technical analysis looks at Banco Bradesco S.A.’s (BBD) price momentum. With a historical volatility rate of 13.64%, the RSI 9-day stood at 25.32% on 17 August.
With respect to its five-day moving average, the current Banco Bradesco S.A. price is down by -3.82% percent or -$0.12. At present, BBD shares trade -12.97% below its 20-day simple moving average and +25.31% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.65% below its SMA50 and -15.88% below its SMA200.
Stochastic coefficient K was 7.28% and Stochastic coefficient D was 6.24%, while ATR was 0.09. Given the Stochastic reading of 7.02% for the 14-day period, the RSI (14) reading has been calculated as 32.05%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.16.
Analyst Ratings
Banco Bradesco S.A. downgraded its rating on Banco Bradesco S.A. (NYSE: BBD) to a Neutral in a note to investors on February 16, 2023. The analysts firm previously had a Buy rating on the stock.
