The stock of Grupo Financiero Galicia S.A. (NASDAQ:GGAL) increased by $0.68 on Friday to finish at $16.54, up 4.29 percent. The last five days have seen an average of 669,200 shares of common stock traded. 22 times new highs were reached in the current year, with a gain of $6.81. The average number of shares traded over the last 20 days was 948,260, while the average volume over the last 50 days totaled 920,468.
GGAL stock appreciated 1.99% since last month. On 08/14/23, the company’s shares reached a one-month low of $13.92. The stock touched a high of $18.18 on 07/24/23, after rallying from a low of $6.51 in 52 weeks. The price of GGAL stock has risen by 82.78% or $6.81 this year, reaching a new high 22 times. Still, the stock price is down -9.03% from the 52-week high.
Valuation Metrics
Grupo Financiero Galicia S.A. (GGAL) has a trailing price-to-earnings (P/E) ratio of 13.45. Beta for the stock is 1.78. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.46, the price-to-book (PB) ratio of 0.95.
Company paid $0.1433 per share in dividends, a decrease of -10.77% from $0.1606 last year. A $0.0172 dividend decrease was reported on Tuesday August 15 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending December 30 is 0.61, and the total debt to equity ratio is 0.61. Grupo Financiero Galicia S.A.’s operating margin stood at 33.40% for the same period. Based on annual data, it had gross profit of $1.17 billion and revenue of $5.52 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GGAL’s return on assets (ROA) during the last 12 months has been 3.20%. There was a 7.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 17.10%.
Earnings Surprise
According to Grupo Financiero Galicia S.A.’s quarterly financial report for the quarter that ended December 30. It was predicted that Grupo Financiero Galicia S.A.’s quarterly earnings would be $1.13, but it ended up being $0.88, beating the consensus by 28.40%. At the end of Grupo Financiero Galicia S.A.’s most recent quarter ended December 30, its total debt was $191.72 billion.
Technical Picture
Here’s a quick look at Grupo Financiero Galicia S.A.’s (GGAL) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 55.50%, suggesting the stock is Neutral, with a 63.02% historical volatility rate.
The stochastic %K and %D were 65.48% and 56.86% respectively, while the average true range (ATR) was 0.96. Based on the 14-day stochastic reading of 71.78%, the RSI (14) reading is 52.95%. On the 9-day MACD Oscillator, the stock is at 0.58, and the 14-day reading is at 0.26.
Analyst Ratings
Grupo Financiero Galicia S.A. (NASDAQ: GGAL) was downgraded by JP Morgan to a an Underweight rating in its latest research report. The stock was previously rated as a a Neutral. Analysts have assigned Grupo Financiero Galicia S.A. (GGAL) an Underweight rating. GGAL is a stock that is recommended for selling by 2 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.
What is GGAL’s price target for the next 12 months?
The current consensus forecast for the stock is between $6.57 and $14.00, with a median target price of $8.10. In analyzing these forecasts, the average price target given by analysts for Grupo Financiero Galicia S.A. (GGAL) is $9.05.
