As of Thursday close, Ambev S.A.’s (NYSE:ABEV) stock was down -$0.11, moving down -3.82 percent to $2.77. The average number of shares traded per day over the past five days has been 14,043,880 shares. 4 times new highs have been achieved over the past 5 days, with a -$0.10 fall in that time frame. In the last twenty days, the average volume was 10,455,120, while in the previous 50 days, it was 12,751,078.
Since last month, ABEV stock retreated -10.36%. Shares of the company fell to $2.76 on 08/31/23, the lowest level in the past month. A 52-week high of $3.24 was reached on 06/23/23 after having rallying from a 52-week low of $2.40. Since the beginning of this year, ABEV’s stock price has risen by 1.84% or $0.05, and marked a new high 17 times. However, the stock has declined by -14.51% since its 52-week high.
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Valuation Metrics
Right now, Ambev S.A. (ABEV) has a P/E ratio of about 14.97. The stock’s beta is 1.13. Besides these, the trailing price-to-sales (P/S) ratio of 2.62, the price-to-book (PB) ratio of 2.50.
The latest dividend of $0.1457 per share was paid out, which is 73.66% more than last year’s $0.0839. On Monday December 12 2022, a $0.0618 dividend increase was announced.
Financial Health
In the three months ended June 29, Ambev S.A.’s quick ratio stood at 0.70, while its current ratio was 1.00, 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 0.03, and the total debt-to-equity ratio was 0.05. On the profitability front, the trailing twelve-month gross margin is 49.90% percent. In the year ended June 29, EBITDA margin amounted to 27.85%, whereas operating margins totaled 23.00%. Based on annual data, ABEV earned $7.61 billion in gross profit and brought in $15.44 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 23.20%. Return on equity (ROE) for the past 12 months was 16.70%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ABEV’s revenue rose 8.6% during the quarter, while net income inched up to $15.14 billion. While analysts expected Ambev S.A. to report $0.03 quarterly earnings, the actual figure was $0.03 per share. During the quarter, the company generated $1.06 billion in EBITDA. The liabilities of Ambev S.A. were 9.48 billion at the end of its most recent quarter ended June 29, and its total debt was $4.1 billion.
Technical Picture
This quick technical analysis looks at Ambev S.A.’s (ABEV) price momentum. With a historical volatility rate of 25.79%, the RSI 9-day stood at 30.05% on 31 August.
With respect to its five-day moving average, the current Ambev S.A. price is down by -3.48% percent or -$0.10. At present, ABEV shares trade -6.10% below its 20-day simple moving average and -1.77% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.17% below its SMA50 and -7.36% below its SMA200.
Stochastic coefficient K was 42.08% and Stochastic coefficient D was 50.23%, while ATR was 0.07. Given the Stochastic reading of 5.26% for the 14-day period, the RSI (14) reading has been calculated as 33.67%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.01.
Analyst Ratings
BofA Securities upgraded its rating on Ambev S.A. (NYSE: ABEV) to a Buy in a note to investors on July 10, 2023. The analysts firm previously had a Neutral rating on the stock.Ambev S.A. (ABEV) has been rated Overweight by analysts. According to 2 brokerage firms, ABEV is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Ambev S.A. stock as buy, with 9 recommending it as overweight.
With a median target price of $3.74, the current consensus forecast for the stock is $2.60 – $5.00. Based on these forecasts, analysts predict Ambev S.A. (ABEV) will achieve an average price target of $3.75.
