Technicals Say Banco Santander S.A. (SAN) Is Worth Holding

As of Thursday close, Banco Santander S.A.’s (NYSE:SAN) stock was down -$0.01, moving down -0.26 percent to $3.81. The average number of shares traded per day over the past five days has been 2,463,760 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.15 fall in that time frame. In the last twenty days, the average volume was 3,553,755, while in the previous 50 days, it was 3,042,174.

Since last month, SAN stock retreated -2.31%. Shares of the company fell to $3.78 on 08/08/23, the lowest level in the past month. A 52-week high of $4.09 was reached on 07/27/23 after having rallying from a 52-week low of $2.26. Since the beginning of this year, SAN’s stock price has risen by 29.15% or $0.86, and marked a new high 21 times. However, the stock has declined by -6.85% since its 52-week high.

Valuation Metrics

Right now, Banco Santander S.A. (SAN) has a P/E ratio of about 5.76. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 0.62, the price-to-book (PB) ratio of 0.60.

The latest dividend of $0.0631 per share was paid out, which is 12.88% more than last year’s $0.0559. On Friday March 3 2023, a $0.0072 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the recent quarter was 3.12, and the total debt-to-equity ratio was 3.12. In the recent year, operating margins totaled 32.30%. Based on annual data, SAN earned $40.69 billion in gross profit and brought in $75.26 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 6.30%. Return on equity (ROE) for the past 12 months was 10.90%.

Technical Picture

This quick technical analysis looks at Banco Santander S.A.’s (SAN) price momentum. With a historical volatility rate of 20.80%, the RSI 9-day stood at 41.85% on 17 August.

With respect to its five-day moving average, the current Banco Santander S.A. price is down by -3.79% percent or -$0.15. At present, SAN shares trade -2.31% below its 20-day simple moving average and +10.43% percent above its 100-day simple moving average. However, the stock is currently trading approximately +10.76% above its SMA50 and +42.16% above its SMA200.

Stochastic coefficient K was 13.86% and Stochastic coefficient D was 22.29%, while ATR was 0.08. Given the Stochastic reading of 9.66% for the 14-day period, the RSI (14) reading has been calculated as 47.46%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.06.

Analyst Ratings

Barclays launched its rating on Banco Santander S.A. (NYSE: SAN) to an Equal weight in a note to investors on July 18, 2023. Banco Santander S.A. (SAN) has been rated Overweight by analysts. According to 1 brokerage firm, SAN is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Banco Santander S.A. stock as buy, with 16 recommending it as overweight.

With a median target price of $5.31, the current consensus forecast for the stock is $4.20 – $6.29. Based on these forecasts, analysts predict Banco Santander S.A. (SAN) will achieve an average price target of $5.27.

Most Popular

Related Posts