As of Wednesday close, Vale S.A.’s (NYSE:VALE) stock was up $0.08, moving up 0.57 percent to $14.20. The average number of shares traded per day over the past five days has been 32,924,063 shares. 2 times new highs have been achieved over the past 5 days, with a $0.50 gain in that time frame. In the last twenty days, the average volume was 19,951,686, while in the previous 50 days, it was 20,565,020.
Since last month, VALE stock rose 15.45%. Shares of the company fell to $12.22 on 08/21/23, the lowest level in the past month. A 52-week high of $18.75 was reached on 01/26/23 after having rallying from a 52-week low of $12.00. Since the beginning of this year, VALE’s stock price has dropped by -13.81% or -$2.77, and marked a new high 9 times. However, the stock has declined by -24.25% since its 52-week high.
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Valuation Metrics
Right now, Vale S.A. (VALE) has a P/E ratio of about 5.48. The stock’s beta is 0.89. Besides these, the trailing price-to-sales (P/S) ratio of 1.53, the price-to-book (PB) ratio of 1.62.
The latest dividend of $0.4056 per share was paid out, which is 14.51% more than last year’s $0.3542. On Friday July 28 2023, a $0.0515 dividend increase was announced.
Financial Health
In the three months ended June 29, Vale S.A.’s quick ratio stood at 0.80, 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 0.34, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 39.10% percent. In the year ended June 29, EBITDA margin amounted to 48.19%, whereas operating margins totaled 30.40%. Based on annual data, VALE earned $19.81 billion in gross profit and brought in $43.84 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 29.60%. Return on equity (ROE) for the past 12 months was 30.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Vale S.A. to report $0.55 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by -63.60%. During the quarter, the company generated $3.65 billion in EBITDA. The liabilities of Vale S.A. were 51.23 billion at the end of its most recent quarter ended June 29, and its total debt was $16.47 billion.
Technical Picture
This quick technical analysis looks at Vale S.A.’s (VALE) price momentum. With a historical volatility rate of 28.84%, the RSI 9-day stood at 63.06% on 20 September.
With respect to its five-day moving average, the current Vale S.A. price is up by +3.65% percent or $0.50. At present, VALE shares trade +11.90% above its 20-day simple moving average and -0.91% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.50% above its SMA50 and -14.66% below its SMA200.
Stochastic coefficient K was 70.47% and Stochastic coefficient D was 76.34%, while ATR was 0.34. Given the Stochastic reading of 72.94% for the 14-day period, the RSI (14) reading has been calculated as 59.66%. As of today, the MACD Oscillator reading stands at 0.20, while the 14-day reading stands at 0.34.
Analyst Ratings
JP Morgan upgraded its rating on Vale S.A. (NYSE: VALE) to an Overweight in a note to investors on September 01, 2023. The analysts firm previously had a Neutral rating on the stock.Vale S.A. (VALE) has been rated Overweight by analysts. According to 2 brokerage firms, VALE is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Vale S.A. stock as buy, with 12 recommending it as overweight.
With a median target price of $17.50, the current consensus forecast for the stock is $12.70 – $20.13. Based on these forecasts, analysts predict Vale S.A. (VALE) will achieve an average price target of $16.63.
