At the last check on Thursday, Sendas Distribuidora S.A.’s (NYSE:ASAI) stock was down -$0.26, moving down -2.18 percent to $11.88. The average number of shares traded per day over the past five days has been 531,286 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.33 fall in that time frame. In the last twenty days, the average volume was 475,467, while in the previous 50 days, it was 604,465.
Since last month, ASAI stock retreated -16.55%. Shares of the company fell to $11.78 on 08/31/23, the lowest level in the past month. A 52-week high of $20.98 was reached on 01/25/23 after having rallying from a 52-week low of $10.44. Since the beginning of this year, ASAI’s stock price has dropped by -35.14% or -$6.47, and marked a new high 10 times. However, the stock has declined by -43.40% since its 52-week high.
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Valuation Metrics
Right now, Sendas Distribuidora S.A. (ASAI) has a P/E ratio of about 17.19. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 0.27, the price-to-book (PB) ratio of 3.79.
The latest dividend of $0.0506 per share was paid out, which is 68.67% more than last year’s $0.03. On Monday April 17 2023, a $0.0206 dividend increase was announced.
Financial Health
In the three months ended June 29, Sendas Distribuidora S.A.’s quick ratio stood at 0.40, while its current ratio was 0.80, 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 4.82, and the total debt-to-equity ratio was 5.21. On the profitability front, the trailing twelve-month gross margin is 16.40% percent. In the year ended June 29, EBITDA margin amounted to 7.09%, whereas operating margins totaled 4.90%. Based on annual data, ASAI earned $1.74 billion in gross profit and brought in $10.56 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 11.00%. Return on equity (ROE) for the past 12 months was 23.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ASAI’s revenue rose 23.15% during the quarter, while net income inched up to $10.36 billion. While analysts expected Sendas Distribuidora S.A. to report $0.08 quarterly earnings, the actual figure was $0.11 per share, beating the consensus estimate by 37.50%. During the quarter, the company generated $85.61 million in EBITDA. The liabilities of Sendas Distribuidora S.A. were 7.27 billion at the end of its most recent quarter ended June 29, and its total debt was $21.54 billion.
Technical Picture
This quick technical analysis looks at Sendas Distribuidora S.A.’s (ASAI) price momentum. With a historical volatility rate of 31.89%, the RSI 9-day stood at 22.58% on 30 August.
With respect to its five-day moving average, the current Sendas Distribuidora S.A. price is down by -10.10% percent or -$1.33. At present, ASAI shares trade -16.62% below its 20-day simple moving average and -14.20% percent below its 100-day simple moving average. However, the stock is currently trading approximately -15.73% below its SMA50 and -34.91% below its SMA200.
Stochastic coefficient K was 1.84% and Stochastic coefficient D was 3.17%, while ATR was 0.43. Given the Stochastic reading of 3.35% for the 14-day period, the RSI (14) reading has been calculated as 30.13%. As of today, the MACD Oscillator reading stands at -0.64, while the 14-day reading stands at -0.82.
Analyst Ratings
BofA Securities upgraded its rating on Sendas Distribuidora S.A. (NYSE: ASAI) to a Buy in a note to investors on August 07, 2023. The analysts firm previously had a Neutral rating on the stock.Sendas Distribuidora S.A. (ASAI) has been rated Buy by analysts. According to 0 brokerage firms, ASAI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Sendas Distribuidora S.A. stock as buy, with 9 recommending it as overweight.
With a median target price of $17.73, the current consensus forecast for the stock is $15.62 – $23.71. Based on these forecasts, analysts predict Sendas Distribuidora S.A. (ASAI) will achieve an average price target of $18.39.
