Centrais Eletricas Brasileiras S.A. (NYSE:EBR) finished Wednesday with an addition of $0.57 to close at $7.46, an upside of 8.27 percent. An average of 1,239,780 shares of common stock have been traded in the last five days. There was a gain of $0.66 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 1,109,405 shares traded, while the 50-day average volume stands at 1,066,262.
EBR stock has decreased by -8.24% in the last month. The company shares reached their 1-month lowest point of $6.70 on 08/16/23. With the stock rallying to its 52-week high on 01/12/23, shares of the company touched a low of $5.67 and a high of $10.39 in 52 weeks. It has reached a new high 6 times so far this year and lost -5.93% or -$0.47 in price. In spite of this, the price is down -28.17% from the 52-week high.
Valuation Metrics
Centrais Eletricas Brasileiras S.A. (EBR) stock’s beta is 0.82.
The company’s most recent quarterly dividend payment was $0.0443 a share, representing a down of -66.18% from $0.1310 last year. Its latest decrease dividend $0.0867 reported on Thursday May 4 2023.
Financial Health
Centrais Eletricas Brasileiras S.A.’s EBITDA margin is 22.58%. Its gross profit as reported stood at $1.0 billion compared to revenue of $6.6 billion.
Earnings Surprise
For the recent quarter, Centrais Eletricas Brasileiras S.A. had $287.85 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $690.72 million in the quarter, while revenues were shrunk -55.31%. At the end of the recent quarter, Centrais Eletricas Brasileiras S.A.’s stock balance sheet showed total liabilities of 30.7 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Centrais Eletricas Brasileiras S.A. (EBR) price momentum. RSI 9-day as of the close on 23 August was 55.74%, suggesting the stock is Neutral, with historical volatility in this time frame at 54.82%.
As of today, EBR’s price is $7.01 +9.71% or $0.66 from its 5-day moving average. EBR is currently trading -10.01% lower than its 20-day SMA and +12.86% higher than its 100-day SMA. However, the stock’s current price level is -6.75% below the SMA50 and -24.49% below the SMA200.
The stochastic %K and %D were 31.87% and 20.13%, respectively, and the average true range (ATR) was 0.26. With the 14-day stochastic at 70.23% and the average true range at 0.25, the RSI (14) stands at 50.50%. The stock has reached -0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.16.
Analyst Ratings
The consensus rating for Centrais Eletricas Brasileiras S.A. (EBR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EBR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 10 others rate it as a “buy”.
What is EBR’s price target for the next 12 months?
Analysts predict a range of price targets between $6.81 and $14.55, with a median target of $11.60. Taking a look at these predictions, the average price target given by analysts for Centrais Eletricas Brasileiras S.A. (EBR) stock is $11.38.
