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.
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.
