The stock of Banco BBVA Argentina S.A. (NYSE:BBAR) increased by $0.37 on Friday to finish at $5.44, up 7.30 percent. The last five days have seen an average of 563,280 shares of common stock traded. 20 times new highs were reached in the current year, with a gain of $1.54. The average number of shares traded over the last 20 days was 552,860, while the average volume over the last 50 days totaled 680,206.
BBAR stock appreciated 1.37% since last month. On 08/14/23, the company’s shares reached a one-month low of $4.48. The stock touched a high of $6.34 on 06/26/23, after rallying from a low of $2.48 in 52 weeks. The price of BBAR stock has risen by 45.18% or $1.54 this year, reaching a new high 20 times. Still, the stock price is down -14.21% from the 52-week high.
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Valuation Metrics
Banco BBVA Argentina S.A. (BBAR) has a trailing price-to-earnings (P/E) ratio of 5.64. Beta for the stock is 1.32. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.00, the price-to-book (PB) ratio of 0.86.
Company paid $0.0743 per share in dividends, a decrease of -11.23% from $0.0837 last year. A $0.0094 dividend decrease was reported on Thursday August 17 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.01, and the total debt to equity ratio is 0.01. Based on annual data, it had gross profit of $2.61 billion and revenue of $4.85 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a 86.70% return on investment (ROI) in the past year.
Earnings Surprise
According to Banco BBVA Argentina S.A.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. It was predicted that Banco BBVA Argentina S.A.’s quarterly earnings would be $0.66, but it ended up being $0.64, beating the consensus by 3.10%. At the end of Banco BBVA Argentina S.A.’s most recent quarter ended June 29, its total debt was $306.75 billion.
Technical Picture
Here’s a quick look at Banco BBVA Argentina S.A.’s (BBAR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 58.57%, suggesting the stock is Neutral, with a 54.52% historical volatility rate.
The stochastic %K and %D were 68.81% and 58.10% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 88.07%, the RSI (14) reading is 53.05%. On the 9-day MACD Oscillator, the stock is at 0.14, and the 14-day reading is at 0.04.
Analyst Ratings
In its most recent analyst report, HSBC Securities raised its rating on Banco BBVA Argentina S.A. (NYSE: BBAR) to a Hold. Prior to this, analysts firm rated the stock as a Reduce. Analysts have assigned Banco BBVA Argentina S.A. (BBAR) an Hold rating. BBAR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is BBAR’s price target for the next 12 months?
The current consensus forecast for the stock is between $4.50 and $4.50, with a median target price of $4.50. In analyzing these forecasts, the average price target given by analysts for Banco BBVA Argentina S.A. (BBAR) is $4.50.
