Banco Bradesco S.A. (NYSE:BBD) saw a downside of -0.66% to close Monday at $3.02 after subtracting -$0.02 on the day. The 5-day average trading volume is 23,236,779 shares of the company’s common stock. It has gained $3.11 in the past week and touched a new high 2 times within the past 5 days. An average of 26,579,664 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 22,717,105.
BBD’s 1-month performance is -15.55% or -$0.56 on its low of $2.98 reached on 08/17/23. The company’s shares have touched a 52-week low of $2.30 and high of $3.90, with the stock’s rally to the 52-week high happening on 06/21/23. YTD, BBD has achieved 11.64% or $0.14 and has reached a new high 23 times. However, the current price is down -22.54% from the 52-week high price.
Valuation Metrics
BBD stock has a beta of 0.79. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.02 while the price-to-book (PB) in the most recent quarter is 1.03.
The firm’s gross profit as reported stood at $13.42 billion against revenue of $38.86 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected BBD to announce $0.09 per share in earnings in its latest quarter, but it posted $0.08, representing a -11.10% surprise.
Let’s look briefly at Banco Bradesco S.A. (BBD) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 27.65% to suggest the stock is trending oversold, with historical volatility in this time period at 12.79%.
The stock’s 5-day moving average is $3.04, reflecting a -0.98% or -$0.03 change from its current price. BBD is currently trading -13.47% above its 20-day SMA, +20.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.91% and SMA200 by-21.96%.
Stochastic %K and %D was 8.69% and 8.19% and the average true range (ATR) pointed at 0.08. The RSI (14) points at 33.02%, while the 14-day stochastic is at 7.62% with the period’s ATR at 0.09. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.10 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Banco Bradesco S.A. (NYSE: BBD), Goldman downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for BBD stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BBD as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is BBD’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.50 and a high of $5.10, with their median price target at $4.20. Looking at these predictions, the average price target given by analysts is for Banco Bradesco S.A. (BBD) stock is $4.27.
