Vale S.A. (NYSE:VALE) saw a downside of -0.08% to close Monday at $12.30 after subtracting -$0.01 on the day. The 5-day average trading volume is 22,376,279 shares of the company’s common stock. It has gained $12.60 in the past week and touched a new high 3 times within the past 5 days. An average of 23,429,475 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 21,557,350.
VALE’s 1-month performance is -10.59% or -$1.89 on its low of $12.22 reached on 08/16/23. The company’s shares have touched a 52-week low of $11.32 and high of $18.72, with the stock’s rally to the 52-week high happening on 01/26/23. YTD, VALE has lost -25.24% or -$4.67 and has reached a new high 9 times. However, the current price is down -34.30% from the 52-week high price.
Valuation Metrics
VALE stock has a beta of 0.92. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.36 while the price-to-book (PB) in the most recent quarter is 1.44.
Vale S.A.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.34, while the total debt to equity was 0.36. In terms of profitability, the gross margin trailing 12 months is 39.10%. The trailing 12-month EBITDA margin is 48.19% while for the period ending June 29, Vale S.A.’s operating margin was 30.40%. The firm’s gross profit as reported stood at $19.81 billion against revenue of $43.84 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected VALE to announce $0.55 per share in earnings in its latest quarter, but it posted $0.2, representing a -63.60% surprise. EBITDA for the quarter stood at more than $3.65 billion. VALE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 51.23 billion, with total debt at $16.47 billion.
Let’s look briefly at Vale S.A. (VALE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 22.05% to suggest the stock is trending oversold, with historical volatility in this time period at 30.59%.
The stock’s 5-day moving average is $12.31, reflecting a -1.36% or -$0.17 change from its current price. VALE is currently trading -16.38% above its 20-day SMA, -19.50% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -12.70% and SMA200 by-8.41%.
Stochastic %K and %D was 5.16% and 4.40% and the average true range (ATR) pointed at 0.32. The RSI (14) points at 29.30%, while the 14-day stochastic is at 4.34% with the period’s ATR at 0.33. The stock’s 9-day MACD Oscillator is pointing at -0.38 and -0.78 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Vale S.A. (NYSE: VALE), Wolfe Research upgraded it to an Outperform rating. They previously had a Peer perform rating on the stock. Analysts offering their rating for VALE stock have a consensus rating for the stock as Overweight. Currently, 2 brokerage advisors rate VALE as a “sell,”, while 9 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 13 have offered a “buy” rating.
What is VALE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $11.70 and a high of $20.13, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Vale S.A. (VALE) stock is $16.44.
