Itau Unibanco Holding S.A. (NYSE:ITUB) finished Thursday with a subtraction of -$0.12 to close at $5.55, a downside of -2.12 percent. An average of 16,626,299 shares of common stock have been traded in the last five days. There was a gain of $0.21 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 18,405,279 shares traded, while the 50-day average volume stands at 18,741,311.
ITUB stock has decreased by -8.21% in the last month. The company shares reached their 1-month lowest point of $5.30 on 08/18/23. With the stock rallying to its 52-week high on 07/24/23, shares of the company touched a low of $4.10 and a high of $6.15 in 52 weeks. It has reached a new high 27 times so far this year and achieved 20.89% or $0.84 in price. In spite of this, the price is down -9.70% from the 52-week high.
Valuation Metrics
Itau Unibanco Holding S.A. (ITUB) has a trailing price-to-earnings (P/E) ratio of 8.95. The stock’s beta is 0.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.20, the price-to-book (PB) ratio at 1.58, and the price-to-cash flow ratio at 1.92.
The company has a payout ratio of 228.50%. The company’s most recent quarterly dividend payment was $0.0030 a share, representing a down of -91.89% from $0.0370 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 1.61 and a total debt to equity ratio of 4.28 for the quarter ending June 29. Its gross profit as reported stood at $10.03 billion compared to revenue of $36.86 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Itau Unibanco Holding S.A.’s return on assets was 1.30%.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $5.64 billion in the quarter, while revenues were grew 9.91%. The analyst consensus anticipated Itau Unibanco Holding S.A.’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.18, a 5.90% surprise. At the end of the quarter ending June 29, Itau Unibanco Holding S.A.’s stock balance sheet showed total debt was $827.03 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Itau Unibanco Holding S.A. (ITUB) price momentum. RSI 9-day as of the close on 24 August was 48.62%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.46%.
As of today, ITUB’s price is $5.49 +3.93% or $0.21 from its 5-day moving average. ITUB is currently trading -5.93% lower than its 20-day SMA and +13.96% higher than its 100-day SMA. However, the stock’s current price level is -2.29% below the SMA50 and -7.04% below the SMA200.
The stochastic %K and %D were 51.06% and 34.60%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 57.47% and the average true range at 0.14, the RSI (14) stands at 46.43%. The stock has reached 0.11 on the 9-day MACD Oscillator while the 14-day reading was at 0.07.
Analyst Ratings
Barclays upgraded Itau Unibanco Holding S.A. (NYSE: ITUB) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as an Equal weight.
