As of Wednesday close, BRF S.A.’s (NYSE:BRFS) stock was down -$0.07, moving down -3.47 percent to $1.95. The average number of shares traded per day over the past five days has been 3,823,260 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.07 fall in that time frame. In the last twenty days, the average volume was 4,656,870, while in the previous 50 days, it was 5,219,356.
Since last month, BRFS stock retreated -3.94%. Shares of the company fell to $1.92 on 08/25/23, the lowest level in the past month. A 52-week high of $3.36 was reached on 08/04/23 after having rallying from a 52-week low of $1.05. Since the beginning of this year, BRFS’s stock price has risen by 23.42% or $0.37, and marked a new high 15 times. However, the stock has declined by -41.88% since its 52-week high.
Valuation Metrics
The stock’s beta is 1.68. Besides these, the trailing price-to-sales (P/S) ratio of 0.30, the price-to-book (PB) ratio of 1.12.
The latest dividend of $0.0270 per share was paid out, which is 8.0% more than last year’s $0.0250.
Financial Health
In the three months ended June 29, BRF S.A.’s quick ratio stood at 0.60, while its current ratio was 1.10, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.30, and the total debt-to-equity ratio was 2.95. On the profitability front, the trailing twelve-month gross margin is 15.10% percent. In the year ended June 29, EBITDA margin amounted to 6.31%, whereas operating margins totaled -0.50%. Based on annual data, BRFS earned $1.58 billion in gross profit and brought in $10.42 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.10%. Return on equity (ROE) for the past 12 months was -32.10%.
In BRF S.A.’s quarter-end financial report for June 29, it reported total debt of $63.06 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BRFS’s revenue rose 10.15% during the quarter, while net income inched up to $10.22 billion. While analysts expected BRF S.A. to report -$0.01 quarterly earnings, the actual figure was -$0.25 per share. During the quarter, the company generated $92.31 million in EBITDA. The liabilities of BRF S.A. were 9.02 billion at the end of its most recent quarter ended June 29, and its total debt was $27.39 billion.
Technical Picture
This quick technical analysis looks at BRF S.A.’s (BRFS) price momentum. With a historical volatility rate of 33.62%, the RSI 9-day stood at 42.74% on 30 August.
With respect to its five-day moving average, the current BRF S.A. price is down by -3.47% percent or -$0.07. At present, BRFS shares trade -5.34% below its 20-day simple moving average and +57.26% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.94% below its SMA50 and -4.41% below its SMA200.
Stochastic coefficient K was 29.18% and Stochastic coefficient D was 26.45%, while ATR was 0.09. Given the Stochastic reading of 12.51% for the 14-day period, the RSI (14) reading has been calculated as 46.72%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.03.
Analyst Ratings
JP Morgan upgraded its rating on BRF S.A. (NYSE: BRFS) to an Overweight in a note to investors on August 04, 2023. The analysts firm previously had a Neutral rating on the stock.BRF S.A. (BRFS) has been rated Hold by analysts. According to 1 brokerage firm, BRFS is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BRF S.A. stock as buy, with 2 recommending it as overweight.
With a median target price of $2.29, the current consensus forecast for the stock is $1.47 – $3.36. Based on these forecasts, analysts predict BRF S.A. (BRFS) will achieve an average price target of $2.26.
