Centrais Eletricas Brasileiras S.A. (NYSE:EBR) saw an upside of 0.29% to close Friday at $6.95 after adding $0.02 on the day. The 5-day average trading volume is 1,421,380 shares of the company’s common stock. It has gained $7.42 in the past week and touched a new high 1 time within the past 5 days. An average of 1,009,460 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,049,148.
EBR’s 1-month performance is -11.58% or -$0.96 on its low of $6.70 reached on 08/16/23. The company’s shares have touched a 52-week low of $5.67 and high of $10.39, with the stock’s rally to the 52-week high happening on 01/12/23. YTD, EBR has lost -12.36% or -$0.98 and has reached a new high 6 times. However, the current price is down -33.08% from the 52-week high price.
Valuation Metrics
EBR stock has a beta of 0.82.
The trailing 12-month EBITDA margin is 22.58%. The firm’s gross profit as reported stood at $1.0 billion against revenue of $6.6 billion.
Earnings Surprise
Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -55.31% to $690.72 million, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $1.2 billion.
Let’s look briefly at Centrais Eletricas Brasileiras S.A. (EBR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 29.29% to suggest the stock is trending oversold, with historical volatility in this time period at 33.14%.
The stock’s 5-day moving average is $7.00, reflecting a -6.96% or -$0.52 change from its current price. EBR is currently trading -13.77% above its 20-day SMA, +13.38% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.62% and SMA200 by-27.38%.
Stochastic %K and %D was 13.14% and 8.20% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 32.91%, while the 14-day stochastic is at 18.70% with the period’s ATR at 0.23. The stock’s 9-day MACD Oscillator is pointing at -0.34 and -0.48 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for EBR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EBR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 10 have offered a “buy” rating.
What is EBR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $6.81 and a high of $14.55, with their median price target at $11.60. Looking at these predictions, the average price target given by analysts is for Centrais Eletricas Brasileiras S.A. (EBR) stock is $11.38.
