The stock of Centrais Eletricas Brasileiras S.A. (NYSE:EBR) decreased by -$0.09 on Friday to finish at $7.46, down -1.19 percent. The last five days have seen an average of 1,329,040 shares of common stock traded. 6 times new highs were reached in the current year, with a fall of -$0.47. The average number of shares traded over the last 20 days was 1,147,455, while the average volume over the last 50 days totaled 1,037,224.
EBR stock dropped -6.98% since last month. On 08/16/23, the company’s shares reached a one-month low of $6.70. The stock touched a high of $10.39 on 01/12/23, after rallying from a low of $5.67 in 52 weeks. The price of EBR stock has declined by -5.93% or -$0.47 this year, reaching a new high 6 times. Still, the stock price is down -28.17% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Valuation Metrics
Centrais Eletricas Brasileiras S.A. (EBR) has a trailing price-to-earnings (P/E) ratio of 37.30. Beta for the stock is 0.79.
Company paid $0.0443 per share in dividends, a decrease of -66.18% from $0.1310 last year. A $0.0867 dividend decrease was reported on Thursday May 4 2023.
Financial Health
Based on annual data, it had gross profit of $1.0 billion and revenue of $6.6 billion.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.47 billion, while revenues fell by -10.4% to $0.0. EBITDA was $1.2 billion for the quarter. At the end of Centrais Eletricas Brasileiras S.A.’s most recent quarter, its liabilities totaled 30.7 billion, while its total debt was $58.71 billion.
Technical Picture
Here’s a quick look at Centrais Eletricas Brasileiras S.A.’s (EBR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 54.71%, suggesting the stock is Neutral, with a 53.62% historical volatility rate.
The stochastic %K and %D were 73.02% and 53.41% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 70.23%, the RSI (14) reading is 50.31%. On the 9-day MACD Oscillator, the stock is at 0.39, and the 14-day reading is at 0.26.
Analyst Ratings
Analysts have assigned Centrais Eletricas Brasileiras S.A. (EBR) an Buy rating. EBR is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 10 others recommend it as a buy.
What is EBR’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.81 and $14.55, with a median target price of $11.60. In analyzing these forecasts, the average price target given by analysts for Centrais Eletricas Brasileiras S.A. (EBR) is $11.38.
