As of Thursday close, Itau Unibanco Holding S.A.’s (NYSE:ITUB) stock was down -$0.06, moving down -1.11 percent to $5.34. The average number of shares traded per day over the past five days has been 17,824,619 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.27 fall in that time frame. In the last twenty days, the average volume was 19,996,561, while in the previous 50 days, it was 18,665,781.
Since last month, ITUB stock retreated -7.72%. Shares of the company fell to $5.33 on 08/17/23, the lowest level in the past month. A 52-week high of $6.15 was reached on 07/24/23 after having rallying from a 52-week low of $4.10. Since the beginning of this year, ITUB’s stock price has risen by 16.32% or $0.63, and marked a new high 27 times. However, the stock has declined by -13.12% since its 52-week high.
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Valuation Metrics
Right now, Itau Unibanco Holding S.A. (ITUB) has a P/E ratio of about 8.48. The stock’s beta is 0.73. Besides these, the trailing price-to-sales (P/S) ratio of 1.15, the price-to-book (PB) ratio of 1.49, and the price-to-cash flow ratio of 1.84 may also be considered.
The latest dividend of $0.0030 per share was paid out, which is -91.89% less than last year’s $0.0370.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.61, and the total debt-to-equity ratio was 4.28. In the year ended June 29, operating margins totaled 15.60%. Based on annual data, ITUB earned $10.03 billion in gross profit and brought in $36.86 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 1.90%. Return on equity (ROE) for the past 12 months was 18.40%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ITUB’s revenue rose 12.76% during the quarter, while net income inched up to $27.52 billion. While analysts expected Itau Unibanco Holding S.A. to report $0.17 quarterly earnings, the actual figure was $0.18 per share, beating the consensus estimate by 5.90%.
Technical Picture
This quick technical analysis looks at Itau Unibanco Holding S.A.’s (ITUB) price momentum. With a historical volatility rate of 12.44%, the RSI 9-day stood at 21.54% on 17 August.
With respect to its five-day moving average, the current Itau Unibanco Holding S.A. price is down by -4.81% percent or -$0.27. At present, ITUB shares trade -9.34% below its 20-day simple moving average and +22.20% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.09% below its SMA50 and -3.26% below its SMA200.
Stochastic coefficient K was 5.54% and Stochastic coefficient D was 7.29%, while ATR was 0.13. Given the Stochastic reading of 1.35% for the 14-day period, the RSI (14) reading has been calculated as 30.20%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at -0.25.
Analyst Ratings
Barclays upgraded its rating on Itau Unibanco Holding S.A. (NYSE: ITUB) to an Overweight in a note to investors on November 15, 2022. The analysts firm previously had an Equal weight rating on the stock.Itau Unibanco Holding S.A. (ITUB) has been rated Overweight by analysts. According to 0 brokerage firms, ITUB is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Itau Unibanco Holding S.A. stock as buy, with 2 recommending it as overweight.
With a median target price of $7.00, the current consensus forecast for the stock is $6.00 – $7.15. Based on these forecasts, analysts predict Itau Unibanco Holding S.A. (ITUB) will achieve an average price target of $6.79.
