As of Wednesday close, Banco Bradesco S.A.’s (NYSE:BBD) stock was up $0.03, moving up 0.99 percent to $3.05. The average number of shares traded per day over the past five days has been 14,933,760 shares. 3 times new highs have been achieved over the past 5 days, with a $0.02 gain in that time frame. In the last twenty days, the average volume was 15,421,285, while in the previous 50 days, it was 20,555,586.
Since last month, BBD stock rose 1.12%. Shares of the company fell to $2.83 on 09/07/23, the lowest level in the past month. A 52-week high of $3.89 was reached on 06/21/23 after having rallying from a 52-week low of $2.29. Since the beginning of this year, BBD’s stock price has risen by 12.89% or $0.17, and marked a new high 23 times. However, the stock has declined by -21.67% since its 52-week high.
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Valuation Metrics
Right now, Banco Bradesco S.A. (BBD) has a P/E ratio of about 8.79. The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 2.01, the price-to-book (PB) ratio of 1.02.
The latest dividend of $0.0038 per share was paid out, which is -2.56% less than last year’s $0.0039.
Financial Health
In the year ended June 29, operating margins totaled 53.80%. Based on annual data, BBD earned $13.42 billion in gross profit and brought in $38.86 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 9.30%. Return on equity (ROE) for the past 12 months was 11.60%.
While analysts expected Banco Bradesco S.A. to report $0.09 quarterly earnings, the actual figure was $0.08 per share, beating the consensus estimate by -11.10%.
Technical Picture
This quick technical analysis looks at Banco Bradesco S.A.’s (BBD) price momentum. With a historical volatility rate of 18.92%, the RSI 9-day stood at 53.33% on 20 September.
With respect to its five-day moving average, the current Banco Bradesco S.A. price is up by +0.66% percent or $0.02. At present, BBD shares trade -0.33% below its 20-day simple moving average and +10.11% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.50% below its SMA50 and +3.74% above its SMA200.
Stochastic coefficient K was 68.16% and Stochastic coefficient D was 63.23%, while ATR was 0.07. Given the Stochastic reading of 84.62% for the 14-day period, the RSI (14) reading has been calculated as 49.28%. As of today, the MACD Oscillator reading stands at 0.03, while the 14-day reading stands at 0.07.
Analyst Ratings
Banco Bradesco S.A. downgraded its rating on Banco Bradesco S.A. (NYSE: BBD) to a Neutral in a note to investors on February 16, 2023. The analysts firm previously had a Buy rating on the stock.Banco Bradesco S.A. (BBD) has been rated Overweight by analysts. According to 0 brokerage firms, BBD is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Banco Bradesco S.A. stock as buy, with 1 recommending it as overweight.
With a median target price of $4.20, the current consensus forecast for the stock is $3.50 – $5.10. Based on these forecasts, analysts predict Banco Bradesco S.A. (BBD) will achieve an average price target of $4.27.
