Companhia Brasileira De Distribuicao (NYSE:CBD) finished Thursday with a subtraction of -$0.15 to close at $3.99, a downside of -3.50 percent. An average of 2,250,655 shares of common stock have been traded in the last five days. There was a fall of -$0.05 in the past week, and it reached a new high 9 times over the past 12 months. The last 20 days have seen an average of 1,172,094 shares traded, while the 50-day average volume stands at 1,199,449.
CBD stock has decreased by -9.82% in the last month. The company shares reached their 1-month lowest point of $3.82 on 08/17/23. With the stock rallying to its 52-week high on 07/12/23, shares of the company touched a low of $2.54 and a high of $4.76 in 52 weeks. It has reached a new high 18 times so far this year and achieved 28.87% or $0.88 in price. In spite of this, the price is down -16.07% from the 52-week high.
Valuation Metrics
Companhia Brasileira De Distribuicao (CBD) stock’s beta is 1.33. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.28, the price-to-book (PB) ratio at 0.42.
Financial Health
The quick ratio of Companhia Brasileira De Distribuicao for the three months ended September 29 was 1.50, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.64 and a total debt to equity ratio of 0.80 for the quarter ending September 29. Companhia Brasileira De Distribuicao’s EBITDA margin for the year ending September 29 is 10.31%. Its gross profit as reported stood at $833.3 million compared to revenue of $3.36 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$32.68 million in the quarter, while revenues were grew 6767.69%. The analyst consensus anticipated Companhia Brasileira De Distribuicao’s latest quarter earnings to come in at -$0.18 per share, but it turned out to be -$0.21, a -16.70% surprise. For the quarter, EBITDA amounted to $55.38 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Companhia Brasileira De Distribuicao (CBD) price momentum. RSI 9-day as of the close on 24 August was 42.09%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.26%.
As of today, CBD’s price is $4.08 -1.12% or -$0.05 from its 5-day moving average. CBD is currently trading -8.20% lower than its 20-day SMA and +36.13% higher than its 100-day SMA. However, the stock’s current price level is +9.81% above the SMA50 and +4.88% above the SMA200.
The stochastic %K and %D were 46.93% and 48.98%, respectively, and the average true range (ATR) was 0.18. With the 14-day stochastic at 25.60% and the average true range at 0.17, the RSI (14) stands at 44.40%. The stock has reached 0.10 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.
Analyst Ratings
BofA Securities downgraded Companhia Brasileira De Distribuicao (NYSE: CBD) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Companhia Brasileira De Distribuicao (CBD) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CBD, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.
