Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE:SBS) finished Friday with a subtraction of -$0.01 to close at $12.03, a downside of -0.08 percent. An average of 1,287,000 shares of common stock have been traded in the last five days. There was a gain of $0.01 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,234,855 shares traded, while the 50-day average volume stands at 1,236,602.
SBS stock has increased by 1.52% in the last month. The company shares reached their 1-month lowest point of $10.76 on 08/09/23. With the stock rallying to its 52-week high on 08/24/23, shares of the company touched a low of $7.77 and a high of $12.39 in 52 weeks. It has reached a new high 22 times so far this year and achieved 16.20% or $1.37 in price. In spite of this, the price is down -2.91% from the 52-week high.
Valuation Metrics
Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) has a trailing price-to-earnings (P/E) ratio of 12.73. The stock’s beta is 1.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.68, the price-to-book (PB) ratio at 1.42.
The company’s most recent quarterly dividend payment was $0.2527 a share, representing a up of 34.41% from $0.1880 last year. Its latest increase dividend $0.0647 reported on Friday April 21 2023.
Financial Health
The quick ratio of Companhia de Saneamento Basico do Estado de Sao Paulo for the recent quarter was 1.00, and the current ratio was 1.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.56 and a total debt to equity ratio of 0.65 for the recent quarter. Companhia de Saneamento Basico do Estado de Sao Paulo’s EBITDA margin is 31.99%, while its operating margin for the same period stands at 21.30%. Its gross profit as reported stood at $899.77 million compared to revenue of $4.27 billion.
Earnings Surprise
For the recent quarter, Companhia de Saneamento Basico do Estado de Sao Paulo had $569.28 million in total debt. In the quarter under review, the net income was up than the previous quarter.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) price momentum. RSI 9-day as of the close on 25 August was 61.46%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.91%.
As of today, SBS’s price is $12.02 +0.08% or $0.01 from its 5-day moving average. SBS is currently trading +0.67% higher than its 20-day SMA and +20.90% higher than its 100-day SMA. However, the stock’s current price level is +8.28% above the SMA50 and +7.51% above the SMA200.
The stochastic %K and %D were 82.83% and 86.66%, respectively, and the average true range (ATR) was 0.36. With the 14-day stochastic at 77.91% and the average true range at 0.35, the RSI (14) stands at 59.10%. The stock has reached 0.24 on the 9-day MACD Oscillator while the 14-day reading was at 0.50.
Analyst Ratings
JP Morgan upgraded Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE: SBS) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral.
What is SBS’s price target for the next 12 months?
Analysts predict a range of price targets between $10.44 and $16.85, with a median target of $13.05. Taking a look at these predictions, the average price target given by analysts for Companhia de Saneamento Basico do Estado de Sao Paulo (SBS) stock is $13.27.
